1. Israel Stocks

  2. •

    Finance

  3. •

    Real estate development
Blue Square Real Estate Ltd

Blue Square Real Estate Ltd

TTASE:BLSR
32,370.00
ILA
-390.00
(-1.19%)
5,030.57EPS
6.46P/E
427.97BMarket 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
17.08
19.15
19.94
16.96
18.12
18.58
19.27
26.87
32.72
34.89
44.55
52.36
46.15
39.45
Basic EPS, GAAP
11.85
16.33
9.49
20.62
16.8
10.04
30.08
16.21
47.51
24.24
51.95
53.52
62.62
50.31
Free Cash Flow per Basic Share
15.02
16.86
17.15
13.76
-8.18
18.2
11.77
10.76
27
25.01
26.82
43.11
47.45
38.47
Dividend per Share
7.17
4.26
5.18
2.59
9.42
5.61
8.03
5.18
17.1
6.56
8.2
31.15
22.13
27.05
Book Value per Share
132.53
131.68
135.68
152.07
157.01
160.88
187.37
192.81
229.03
248.38
284.17
314.59
347.62
332.1
Tangible Book Value per Share
132.53
131.68
135.68
152.07
157.01
160.88
187.37
192.81
229.03
248.38
284.17
314.59
347.62
332.1
Basic Weighted Avg Shares
13
12
12
12
12
12
12
12
12
12
12
12
12
12
Sales/Revenue/Turnover
214
225
231
196
210
215
223
311
383
426
543
639
563
481
Operating Margin (%)
91.24
91.98
88.87
84.57
91.15
83.95
62.43
77.25
67.46
63.93
60.27
59.11
57.87
52.24
Depreciation Expense
- -
- -
- -
- -
- -
- -
1
4
10
10
11
11
12
12
Net Income, GAAP
149
191
110
239
195
116
348
188
556
296
634
653
764
614
Effective Tax Rate (%)
27.25
26.74
27.38
4.55
20.95
30.61
23.21
19.29
20.8
10.72
19.65
20.47
18.77
18.13
Profit Margin (%)
69.36
85.27
47.61
121.57
92.72
54.02
156.1
60.32
145.21
69.46
116.61
102.21
135.67
127.53
Working Capital
335
167
62
95
-48
-114
-171
-500
1,002
1,442
714
276
359
175
LT Debt
1,984
1,863
1,722
1,685
1,908
1,888
2,892
2,658
3,905
4,578
3,979
3,913
4,249
4,199
Total Equity
1,534
1,524
1,571
1,760
1,817
1,846
2,171
2,231
2,677
3,030
3,467
3,839
4,241
4,373
Return on Invested Capital (%)
- -
6.62
3.82
8.1
6.27
4.05
7.58
3.6
8.33
7.91
8.96
6.94
5.99
5.91
Return on Capital (%)
- -
6.95
4.54
8.5
6.53
4.18
8.07
3.93
9.77
7.34
9.62
9.24
9.59
8
Return on Common Equity (%)
- -
12.52
7.1
14.33
10.87
6.34
17.35
8.53
22.62
10.36
19.51
17.88
18.91
14.5

Capital Structure

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,067
1,945
1,855
LT Borrowings
4,231
4,006
4,181
LT Finance Leases
19
18
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
13
Market Capitalization
4,831
4,749
4,280

Working Capital

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,179
2,833
2,742
Cash, Cash Equivalents & STI
2,325
1,927
1,456
Accounts Receivable, Net
94
108
137
Inventories
278
270
265
Total Current Liabilities
2,820
2,749
2,567
Payables & Accruals
- -
- -
- -
ST Debt
2,067
1,945
1,855
Deferred Revenue
- -
- -
- -

Growth Rates

ILS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.61%
13.76%
10.47%
Free Cash Flow
-31.77%
45.6%
10.08%
Net Income, GAAP
49.56%
56.7%
17%
Sales/Revenue/Turnover
10.52%
13.51%
-11.85%
Total Cash Common Dividend
62.99%
89.88%
-28.95%

Quarterly Revenue

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
152
162
164
160
639
2025
148
147
270
-81
563
2026
144
148
- -
- -
- -

Quarterly Earnings Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10.93
9.29
8.53
24.76
53.52
2025
6.37
24.99
14.47
16.78
62.62
2026
9.46
9.6
- -
- -
- -

Quarterly Dividends Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.2
8.2
4.92
9.84
31.15
2025
- -
9.84
12.3
- -
22.13
2026
6.56
8.2
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Michael Zissman
Full Time Employees
65
Sector
Finance
Industry
Real estate development
Address
Tel Aviv, Azrieli Towers (Round Tower) Tel Aviv TA Israel 6701101
IPO Date
Aug 16, 2006
Website
bsre.co.il
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Business
Blue Square Real Estate Ltd (BLSR.TA) is an Israel-based real estate company that develops, owns, leases, manages, and sells commercial and residential properties, primarily operating through its yielding real estate and residential construction segments; its core offerings encompass income-producing assets such as shopping centers, neighborhood retail complexes, office towers, logistics hubs, and supermarkets totaling approximately 487,000 square meters with 90% occupancy and a portfolio value of NIS 9.1 billion, alongside residential projects including mixed-use developments and urban renewal initiatives expected to yield around 7,000-10,000 new apartments across more than 20 complexes in high-demand Israeli areas. Founded in 2005 and headquartered at The Azrieli Center Round Tower in Tel Aviv, Israel, the company, a subsidiary of Alon Blue Square Israel Ltd, focuses on prime locations nationwide with strong financial stability, low leverage, and listings on the TA-125 and TA-90 indices. Recent developments include robust Q3 2025 financial results with revenue of NIS 154.56 million and EPS of NIS 24.99 reflecting a net profit margin boost to 85.6% driven partly by a one-off gain, alongside ongoing expansion in urban renewal projects adapting to market trends and consistent dividend distributions reaching NIS 31.15 per share in 2024.