- Business
- Azorim-Investment, Development & Construction Co. Ltd (AZRM.TA) develops and constructs residential real estate projects in Israel and the United States; operates through Residential Construction in Israel, Investment Real Estate that includes residential for rent in Israel, and Non-Residential Investment Real Estate segments; leases office and commercial properties; and engages in urban renewal initiatives featuring garden apartments, mini penthouses, penthouses, entire neighborhoods such as Azorim Rehovot Hachadasha and Neeman Towers, and award-winning developments like Herzliya Hills with integrated commercial spaces including supermarkets, cafes, and offices. The Tel Aviv-based company, founded in 1964 and headquartered at 32 Aranha Street, maintains operations primarily in Israel with select projects in the US and emphasizes high-standard construction, sustainable design by leading Israeli architects, and comprehensive customer service. Recent developments include reporting Q2 2025 earnings on August 24 with total revenue of ILS 1.98 billion for the trailing twelve months and net income of ILS 147.76 million, alongside a writedown of NIS 65 million on a Houston land project that halted a planned $240 million residential development after ILS 39 million in expenditures, and declaration of an annual dividend with a 0.89% yield paid in April 2025.