AFI Properties Ltd

AFI Properties Ltd

TTASE:AFPR
17,990.00
ILA
+190.00
(+1.07%)
2,625.38EPS
7.38P/E
802.04BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
15.16
17.94
12.87
13.23
24.7
34.07
30.39
27.63
31.82
30.79
36.08
39.38
40.95
39.58
Basic EPS, GAAP
5.21
9.3
6.97
11.79
8.84
11.89
13.38
0.56
21.83
15.52
5.56
17.43
24.08
26.22
Free Cash Flow per Basic Share
9.7
14.41
10.15
5.9
9.72
13.89
4.39
6.3
11.86
8.35
8.27
15.95
18.79
17
Dividend per Share
- -
2.62
6.99
- -
- -
0.08
- -
- -
1.39
- -
- -
- -
- -
- -
Book Value per Share
88.36
93.74
84.7
90.92
103.21
119.5
119.91
118.41
123.69
155.58
173.22
180.09
199.35
189.67
Tangible Book Value per Share
88.09
93.49
84.47
90.71
103
119.28
119.91
118.41
123.69
155.58
173.22
180.09
199.35
189.67
Basic Weighted Avg Shares
29
29
29
29
29
29
29
34
36
38
38
38
39
41
Sales/Revenue/Turnover
433
513
368
379
707
975
879
948
1,148
1,161
1,372
1,498
1,587
1,612
Operating Margin (%)
58.88
57.73
68.8
76.19
48.71
45.57
40.3
41.08
43.62
44.59
47.68
56.83
56.2
55.9
Depreciation Expense
2
3
3
2
1
1
10
6
4
4
5
6
7
7
Net Income, GAAP
149
266
199
337
253
340
387
19
787
585
211
663
933
1,068
Effective Tax Rate (%)
30.78
26.12
26.38
21.3
42.24
38.59
19.58
63.96
15.38
20.62
19.98
21.8
20.23
19.93
Profit Margin (%)
34.37
51.82
54.13
89.09
35.8
34.91
44.03
2.01
68.6
50.42
15.4
44.27
58.8
66.24
Working Capital
-1,878
-408
-558
431
-379
-1,372
-214
-891
-620
-833
-1,411
-1,405
-1,922
-748
LT Debt
2,373
3,451
3,305
3,338
3,722
3,249
4,566
5,810
7,051
8,239
9,350
10,305
9,848
11,236
Total Equity
2,691
2,857
2,599
2,808
3,167
3,652
4,044
4,286
4,485
5,936
6,616
6,883
8,290
7,886
Return on Invested Capital (%)
4.53
4.3
4.43
6.28
4.74
5.53
6.11
0.63
7.74
5.74
3.55
5.84
6.4
6.96
Return on Capital (%)
4.18
5.45
4.43
6.14
4.64
5.34
5.12
0.7
8.2
5.94
3.26
5.84
6.71
7.52
Return on Common Equity (%)
5.97
10.21
7.81
13.42
9.11
10.68
10.41
0.46
18.03
11.28
3.38
9.87
12.35
14.09

Capital Structure

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,645
3,685
2,844
LT Borrowings
9,817
10,388
11,236
LT Finance Leases
31
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
41
41
41
Market Capitalization
9,686
9,019
8,020

Working Capital

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,295
2,973
2,595
Cash, Cash Equivalents & STI
1,643
2,398
2,067
Accounts Receivable, Net
93
84
79
Inventories
224
214
201
Total Current Liabilities
4,217
4,237
3,342
Payables & Accruals
- -
- -
- -
ST Debt
3,645
3,685
2,844
Deferred Revenue
- -
- -
- -

Growth Rates

ILS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.58%
14.58%
20.43%
Free Cash Flow
25.24%
36.87%
20.02%
Net Income, GAAP
418.65%
837.81%
40.7%
Sales/Revenue/Turnover
18.11%
11.12%
5.93%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
344
370
399
385
1,498
2025
370
395
394
428
1,587
2026
415
376
- -
- -
- -

Quarterly Earnings Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.55
1.91
9.11
4.87
17.43
2025
1.44
3
11.44
7.79
24.08
2026
2.31
5.02
- -
- -
- -

Quarterly Dividends Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Avraham Barzilay
Full Time Employees
410
Sector
Finance
Industry
Real estate development
Address
4 Derech Hachoresh Street Yehud HM Israel 5647003
IPO Date
Sep 1, 2004
Website
afi.global
Business
AFI Properties Ltd (AFPR.TA) develops, owns, operates and manages income-generating real estate properties in Israel and Central and Eastern Europe; core assets include business parks, office complexes, shopping malls, retail properties, multi-family residential projects, mixed-use developments and AFI Home rental apartments; offerings encompass property acquisition, initiation, construction, rental and operation of industrial, commercial, office and residential buildings across seven countries including Czechia, Serbia, Poland and Romania. The company, founded in 1971 and headquartered at 4 Derech Hahoresh Street in Yehud, Israel, operates as a subsidiary of Big Shopping Centers Ltd, which holds approximately 89.3% of shares; it maintains strong credit ratings of ilA+ Stable from S&P Maalot and A1.il Stable from Moody's Midroog, with a portfolio valued at ₪17.2 billion, 1.38 million sqm gross leasable area across 50 assets and 162,000 sqm under construction as of June 30, 2025. In recent developments, AFI Properties raised over ₪500 million through a Series 16 bond issuance in November 2024, including ₪450 million in bonds and ₪3.4 million in options potentially adding ₪580 million if exercised; completed major projects such as Tel Aviv's Landmark, Belgrade, Prague and Warsaw developments; entered strategic partnerships including transactions with FINEP in June 2024 for over 800 rental apartments in Prague projects Nová Elektra and V Korytech; shifted AFI Europe Poland strategy toward acquiring ready-made income-generating properties alongside development; and reported portfolio growth from higher occupancy and new completions in its 2024 annual results published March 2025.