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Norstar Holdings Inc.

Norstar Holdings Inc.

NSTR.TA
Norstar Holdings Inc.IL flagTel Aviv Stock Exchange
1,009.00
ILA
+184.20
- -
629.14MMarket Cap
Norstar Holdings Inc.
NSTR.TA
(Tel Aviv Stock Exchange)

Recent

price

1,009.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
28.06
35.36
40.59
38.05
20.16
104.42
105.96
105.64
106.08
102.94
82.14
67.28
65.41
40.75
40.63
36.87
35.38
Revenue per Share
5.62
4.45
5.22
5.17
0.4
14.17
17.94
7.99
-10.05
14.96
-16.18
10.37
-21.81
-11.11
-0.91
-0.37
1.56
Basic EPS, GAAP
4.44
6.75
7.64
6.36
5.43
56.11
70.16
23.51
13.41
29.33
9.73
11.02
16.33
10.25
10.43
9.25
7.89
Free Cash Flow per Basic Share
1.38
1.84
1.53
1.66
1.72
2.31
2.76
1.46
1.83
1.83
1.81
0.67
0.82
- -
- -
0.14
0.14
Dividend per Share
24.56
25.48
28.48
30.08
27.85
202.88
147.51
155.58
146.31
161.41
130.79
122.64
97.31
46.13
43.41
43.03
41.46
Book Value per Share
101.96
120.31
130.47
124.16
139.44
1,119.08
1,177.16
598.08
554.07
539.51
380.72
359.38
310.82
173.95
147.27
133.97
115.13
Tangible Book Value per Share
148
162
173
179
185
27
27
27
27
27
29
34
35
60
62
62
65
Basic Weighted Avg Shares
4,147
5,719
7,009
6,818
3,725
2,808
2,841
2,831
2,840
2,752
2,406
2,296
2,303
2,438
2,533
2,299
2,286
Sales/Revenue/Turnover
53.94
43.66
41.53
41.52
55.57
35.22
62.44
54.12
56.9
58.47
53.53
53.66
52.11
53.77
55.51
56.11
55.64
Operating Margin (%)
63
67
34
34
32
89
53
29
66
31
28
27
24
29
25
22
21
Depreciation Expense
831
719
901
927
73
381
481
214
-269
400
-474
354
-768
-665
-57
-23
101
Net Income, GAAP
18.76
13.78
23.9
10.82
36.29
- -
16.16
- -
- -
35.24
- -
40.15
- -
- -
82.14
46.35
32.37
Effective Tax Rate (%)
20.04
12.57
12.85
13.6
1.96
13.57
16.93
7.56
-9.47
14.53
-19.7
15.42
-33.35
-27.28
-2.25
-1
4.42
Profit Margin (%)
-2,534
-1,544
180
-1,813
-2,077
-1,582
10,160
-819
-440
-457
261
2,489
-657
-2,637
1,202
1,732
-590
Working Capital
29,151
35,539
39,220
36,235
34,338
41,858
37,250
26,080
27,265
21,717
23,650
23,079
21,884
19,523
21,857
19,829
18,091
LT Debt
15,191
19,628
22,649
22,353
25,870
30,995
32,378
16,725
15,521
15,045
11,754
12,776
11,376
10,855
9,522
8,689
7,773
Total Equity
3.82
4.05
3.58
4
2.11
- -
1.98
- -
- -
2.43
- -
1.95
- -
- -
0.74
2.15
2.7
Return on Invested Capital (%)
3.07
2.13
1.59
2.4
-0.01
- -
-1.85
- -
- -
1.13
- -
0.27
- -
- -
0.1
0.22
0.24
Return on Capital (%)
25.29
18.55
19.93
17.99
1.39
7.19
10.22
5.27
-6.65
9.72
-11.64
8.83
-20.18
-21.5
-2.09
-0.85
3.85
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,442
2,656
4,199
LT Borrowings
20,447
19,582
18,091
LT Finance Leases
- -
247
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
62
62
62
Market Capitalization
67,188
41,242
52,662

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,057
5,060
4,353
Cash, Cash Equivalents & STI
848
939
1,639
Accounts Receivable, Net
213
229
263
Inventories
254
236
221
Total Current Liabilities
3,102
3,328
4,943
Payables & Accruals
- -
- -
- -
ST Debt
2,442
2,656
4,199
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-10.39%
-5.58%
-8.75%
Free Cash Flow
5.61%
17.26%
-11.23%
Net Income, GAAP
-137.83%
-131.22%
-59.65%
Sales/Revenue/Turnover
-1.83%
-0.75%
-9.24%
Total Cash Common Dividend
- -
- -
-68.97%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
621
632
643
637
2,533
2025
569
589
704
437
2,299
2026
556
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.87
1.92
-1.32
- -
-0.91
2025
-2.05
1.56
-0.4
- -
-0.37
2026
-0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
0.14
- -
- -
0.14
2026
- -
- -
- -
- -
- -
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Business
Norstar Holdings Inc is an Israel-based international real estate investment company specializing in the acquisition, development, rental, and management of income-producing real estate properties. The company operates through various subsidiaries and holds a major stake in Gazit Globe, a multinational real estate investment firm focused on supermarket-anchored shopping centers. Norstar's extensive portfolio spans more than 20 countries across Northern Europe, Central and Eastern Europe, Israel, Brazil, and the United States, managing approximately 650 properties with a gross leasable area of around 6.3 million square meters. Its business segments include commercial, retail, office, residential, and industrial properties, with a focus on developing and managing supermarket-anchored retail centers as well as senior housing and medical office buildings in North America. The company was founded in 1962 and is headquartered in Tel Aviv, Israel. Recent significant developments include Norstar's strategic ownership consolidation in Gazit Globe, where it finalized acquisitions increasing its controlling interest, alongside private placements and capital raises supporting growth initiatives. Norstar continues expanding its footprint and capabilities in real estate development and property management, with ongoing efforts to enhance its portfolio's quality and geographic diversity. The company maintains strong operations in retail and residential sectors and pursues green building and renewable energy initiatives to align with sustainability goals. These operational expansions and financial strategies underscore Norstar's commitment to solidifying its position as a leading global real estate investment entity. Norstar conducts its US operations through subsidiaries including Equity One Inc., Royal Senior Care LLC, and ProMed Properties Inc., focusing notably on affordable senior housing and medical office buildings. In Canada, it operates via First Capital Realty Inc. and Gazit America Inc., while European activities are managed through entities such as Citycon Oyj. The company emphasizes innovation in project finance solutions, particularly in affordable housing development. Norstar also manages and leases premium quality office, retail, industrial, and residential spaces, leveraging long-term client and tenant relationships. It continues to invest in sustainable energy projects, including rooftop solar photovoltaic systems for clean power production within its developments. Overall, Norstar Holdings Inc is a dynamic, multinational real estate investment and management company with a diversified property portfolio, strategic geographic presence, and recent initiatives focused on portfolio optimization and sustainability in real estate operations, founded in 1962 and headquartered in Tel Aviv, Israel.