1. Israel Stocks

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    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
Blue Square Real Estate Ltd
TASE:BLSR
(Tel Aviv Stock Exchange)

Recent

price

32,370.00

P/E

ratio

6.46

div

yld

8.36%

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ILS
16.55
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
Revenue per Share
15.87
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
Basic EPS, GAAP
15.8
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
Free Cash Flow per Basic 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
Dividend 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
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
13
13
12
12
12
12
12
12
12
12
12
12
12
12
12
Basic Weighted Avg Shares
208
214
225
231
196
210
215
223
311
383
426
543
639
563
481
Sales/Revenue/Turnover
89.2
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
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
1
4
10
10
11
11
12
12
Depreciation Expense
199
149
191
110
239
195
116
348
188
556
296
634
653
764
614
Net Income, GAAP
16.03
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
Effective Tax Rate (%)
95.91
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
Profit Margin (%)
- -
335
167
62
95
-48
-114
-171
-500
1,002
1,442
714
276
359
175
Working Capital
- -
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
LT Debt
- -
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
Total Equity
- -
- -
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 Invested 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 Capital (%)
- -
- -
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
Return on Common Equity (%)

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
- -
- -
- -
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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.