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  3. •

    REIT - Diversified
Menivim - The New Reit Ltd

Menivim - The New Reit Ltd

MNRT.TA
Menivim - The New Reit LtdIL flagTel Aviv Stock Exchange
198.50
ILA
+2.70
- -
1.67BMarket Cap
Menivim - The New Reit Ltd
MNRT.TA
(Tel Aviv Stock Exchange)

Recent

price

198.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
0.08
0.18
0.26
0.2
0.22
0.2
0.24
0.29
0.32
0.34
0.33
Revenue per Share
-0.03
0.02
0.04
0.07
0.28
- -
0.25
0.21
0.22
0.17
0.28
0.25
Basic EPS, GAAP
- -
0.07
0.11
0.18
0.14
0.17
0.15
0.18
0.24
0.26
0.27
0.26
Free Cash Flow per Basic Share
- -
- -
0.03
0.1
0.07
0.06
0.09
0.12
0.12
0.12
0.13
0.12
Dividend per Share
- -
1.61
2.09
2.2
2.67
2.38
2.09
2.2
2.31
2.37
2.62
2.45
Book Value per Share
- -
1.61
2.09
2.21
2.68
2.4
2.1
2.21
2.31
2.37
2.62
2.51
Tangible Book Value per Share
128
166
157
180
286
508
627
688
686
731
762
822
Basic Weighted Avg Shares
- -
14
29
47
58
112
124
167
201
237
262
271
Sales/Revenue/Turnover
57.95
67.75
66.14
65.28
66.53
74.52
74.3
74.09
77.65
80.2
78.95
78.59
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-4
4
7
12
79
2
159
144
148
123
212
209
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-1,285.51
26.4
22.55
25.37
136.47
2.03
128.26
86.35
73.78
51.87
81.08
77.17
Profit Margin (%)
- -
44
127
19
291
78
254
-93
102
44
78
334
Working Capital
- -
39
258
417
396
704
1,020
1,073
1,483
1,635
1,678
2,222
LT Debt
- -
267
329
397
768
1,218
1,320
1,521
1,583
1,731
1,997
2,068
Total Equity
- -
6.21
4.25
4.27
3.84
5.26
4.21
4.73
5.19
5.77
5.72
5.35
Return on Invested Capital (%)
- -
3.11
2.58
2.7
8.91
0.98
7.98
6.17
5.84
4.89
7.03
6.19
Return on Capital (%)
- -
2.78
2.2
3.28
13.71
0.23
12.59
10.2
9.55
7.41
11.37
11.09
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
79
105
202
LT Borrowings
1,793
1,678
2,222
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
769
842
850
Market Capitalization
172,924
184,829
172,671

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
170
205
624
Cash, Cash Equivalents & STI
150
195
225
Accounts Receivable, Net
19
2
38
Inventories
- -
- -
- -
Total Current Liabilities
141
127
290
Payables & Accruals
- -
- -
- -
ST Debt
79
105
202
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
10.48%
15.4%
Free Cash Flow
199.56%
18.92%
8.99%
Net Income, GAAP
735.02%
1,384.31%
72.56%
Sales/Revenue/Turnover
524.36%
18.83%
10.4%
Total Cash Common Dividend
- -
28.88%
10.43%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
56
59
61
61
237
2025
60
65
68
69
262
2026
69
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.02
- -
0.17
2025
0.05
0.05
0.04
- -
0.28
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.07
0.03
- -
0.12
2025
- -
0.03
0.06
- -
0.13
2026
- -
- -
- -
- -
- -
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Business
Menivim - The New REIT Ltd is an Israel-based real estate investment trust (REIT) that owns and leases income-generating properties primarily in the sectors of industry, logistics, offices, high-tech and commerce. The company holds a diversified portfolio of approximately 315,000 square meters of above-ground leasable space and 76,000 square meters of parking areas across Israel, with total asset value exceeding 3.43 billion ILS; properties feature long-term, index-linked leases to financially stable tenants, adhering to REIT regulations including at least 90% distribution of taxable income as dividends, leverage capped at 60% and no controlling shareholders. Founded in 2015 and headquartered at 3 HaEshel Street in the Caesarea Industrial Park, Caesarea, Israel, Menivim listed on the Tel Aviv Stock Exchange in April 2017 under ticker MNRT.TA and trades in the real estate index, with major institutional shareholders including Harel, Migdal, Menora, Clal, Phoenix, Psagot and Gilad Pension Fund. The company maintains an Aa3.il credit rating from Midroog with a stable outlook as of April 2025, reflecting prudent financial management and consistent portfolio growth. In recent developments, Menivim reported strong financial performance for the third quarter and nine months ended September 30, 2025, with sales rising to 67.77 million ILS and 192.74 million ILS respectively, alongside net income increases to 32.34 million ILS and 109.39 million ILS, driven by higher rental revenues and operational efficiencies.