- Business
- Airport City Ltd. (ARPT.TA) operates as a real estate company focused on developing, owning, leasing, and managing income-generating properties and residential projects primarily in Israel, with operations extending to France, Spain, and Germany. Incorporated in 1992 and headquartered in Petah Tikva, Israel, the company manages a portfolio of approximately 125 properties, including transportation hubs such as central bus stations and parking lots; business parks and office buildings; shopping centers, commercial areas, and malls; hotels in Israel and Europe; warehouses, industrial buildings, logistical centers, gas stations, and garages; as well as lands for various rental uses. It operates through two main segments: Property Rental and Management, which encompasses initiating, planning, constructing, purchasing, improving, and realizing rental properties; and Construction of Buildings for Sale, involving the development, marketing, and sale of residential units including evacuation-construction projects. Targeting commercial tenants, transportation operators, retailers, office users, and residential buyers, the company reported revenue of ILS 1.13 billion and net earnings of ILS 578.89 million for the trailing twelve months as of June 2025, reflecting strong operational cash flows. In recent developments, Airport City fully integrated Nitsba Holdings 1995 Ltd., its key subsidiary for projects like the Airport City industrial park and planned expansions such as business parks and hotels near Ben Gurion Airport, following the acquisition of the remaining stake in prior years; the company also maintains steady growth with updated financials showing total assets of ILS 18.79 billion as of December 2024 and positive earnings momentum into mid-2025.