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    Real Estate - Development
Carasso Real Estate Ltd

Carasso Real Estate Ltd

CRSR.TA
Carasso Real Estate LtdIL flagTel Aviv Stock Exchange
3,536.00
ILA
-59.00
- -
2.05BMarket Cap
Carasso Real Estate Ltd
CRSR.TA
(Tel Aviv Stock Exchange)

Recent

price

3,536.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.73
9.65
17.43
15.42
8.43
12.25
10.38
11.2
Revenue per Share
1.46
-0.03
1.94
2.25
0.29
2.2
0.27
0.34
Basic EPS, GAAP
-1.41
-3.43
4.35
1.16
-6.6
-3.96
-7.1
-6.11
Free Cash Flow per Basic Share
- -
- -
- -
0.73
0.37
- -
1.08
1.08
Dividend per Share
- -
-3.09
-3.09
6.3
5.82
5.94
8.09
0.06
Book Value per Share
- -
17.05
19.11
26.34
23.75
26.35
26.99
26.77
Tangible Book Value per Share
40
40
40
49
54
54
56
56
Basic Weighted Avg Shares
313
390
705
749
457
664
582
632
Sales/Revenue/Turnover
37.31
14.17
25.53
28.35
17.24
36.35
25
25.7
Operating Margin (%)
2
1
2
2
3
3
2
2
Depreciation Expense
59
-1
79
109
16
119
15
19
Net Income, GAAP
23.4
90.24
28.58
18.1
- -
21.12
12.04
16.32
Effective Tax Rate (%)
18.92
-0.29
11.16
14.59
3.48
17.94
2.65
3.06
Profit Margin (%)
- -
-152
83
150
329
353
452
742
Working Capital
- -
770
971
987
1,416
1,643
1,879
2,218
LT Debt
- -
689
773
1,279
1,286
1,427
1,513
1,510
Total Equity
- -
0.55
6.54
7.66
- -
5.75
3.31
3.42
Return on Invested Capital (%)
- -
-0.01
9.38
11.81
- -
7.91
4.13
4.42
Return on Capital (%)
- -
- -
- -
- -
5.12
37.39
3.98
11.87
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
489
761
484
LT Borrowings
2,049
1,879
2,218
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
58
58
58
Market Capitalization
193,127
209,755
187,280

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,405
2,479
2,525
Cash, Cash Equivalents & STI
117
132
128
Accounts Receivable, Net
3
1
2
Inventories
1,802
1,945
1,965
Total Current Liabilities
1,800
2,028
1,783
Payables & Accruals
- -
- -
- -
ST Debt
489
761
484
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
19.04%
6.01%
Free Cash Flow
- -
-196.7%
85.49%
Net Income, GAAP
- -
-1,329.78%
-87.05%
Sales/Revenue/Turnover
- -
16.18%
-12.32%
Total Cash Common Dividend
- -
- -
203.99%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
105
199
175
185
664
2025
119
179
150
130
582
2026
173
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
1.3
0.25
- -
2.2
2025
-0.17
0.53
0.11
- -
0.27
2026
-0.07
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
1.11
- -
- -
1.08
2026
- -
- -
- -
- -
- -
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Business
Carasso Real Estate Ltd engages in the development, planning, and construction of residential, commercial, office, and hi-tech real estate projects primarily in Israel. A division of the Carasso Group and headquartered at 24 Rival Street in Tel Aviv, the company was incorporated in 1967 and operates through segments including residential real estate development, residential real estate initiation in TAMA urban renewal projects, and profitable real estate investments. It develops residential neighborhoods and towers, such as the Gan HaMoshavot project in Petah Tikva with 320 housing units and the Psagot complex in Jerusalem's Romema neighborhood with 276 housing units and a commercial center; commercial centers in locations including Even Yehuda, Yavne, Hadera, Ashdod, and Maale Adumim; office complexes, employment, and logistics areas in Jerusalem, Haifa, and Tel Aviv; and income-producing properties totaling approximately 85,000 square meters of active assets alongside 238,000 square meters under development. The company manages urban renewal initiatives, including pinui-binui evacuation-reconstruction projects and TAMA 38/2 demolitions across 44 complexes in Jerusalem, Tel Aviv, Holon, Givatayim, Rishon LeZion, and Bat Yam, such as the 32 HaKnesset project in Givatayim replacing 20 units with 56 and the 144-146 Ibn Gvirol site in Tel Aviv replacing 24 units with 57 plus commercial space. Recent developments include the expansion of its Series A debentures by approximately NIS 300 million in January 2024 and Series B bonds by NIS 400 million later that year at an annual interest rate of 5.74% with oversubscription exceeding NIS 1 billion; ongoing urban renewal flagship projects like the Optosho Livick complex in South Tel Aviv financed by NIS 1.2 billion from Ruby Capital and Menora Mivtachim, where residents move in prior to demolition; and new residential launches such as the Flora project in the Grove Park neighborhood of southwest Tel Aviv in partnership with Shitrit, targeting green living from NIS 2.85 million, alongside the Nia project in Jerusalem's Talpiot neighborhood.