Carasso Real Estate Ltd.
TTASE:CRSR2,899.00
ILA
+98.00
(+3.50%)
ISIN
IL0011879629
Return %
Stock
S&P 500
1Y
-26.12
14.20
3Y
31.06
81.12
5Y
- -
68.34
Capital Structure
ILS
•
in mil. unless spec.Working Capital
ILS
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in mil. unless spec.Growth Rates
ILS
•
in mil. unless spec.Quarterly Revenue
ILS
•
in mil. unless spec.Quarterly Earnings Per Share
ILS
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in mil. unless spec.Quarterly Dividends Per Share
ILS
•
in mil. unless spec.Company Description
- CEO
- Dan Parness
- Full Time Employees
- 70
- Sector
- Consumer durables
- Industry
- Homebuilding
- Address
- 24th Rival Street Tel Aviv TA Israel 6777859
- IPO Date
- Jul 25, 2022
- Website
- carasso-nadlan.co.il
- Similar Companies
- Business
- Carasso Real Estate Ltd engages in the development, planning, and construction of residential, commercial, office, and hi-tech real estate projects primarily in Israel. A division of the Carasso Group and headquartered at 24 Rival Street in Tel Aviv, the company was incorporated in 1967 and operates through segments including residential real estate development, residential real estate initiation in TAMA urban renewal projects, and profitable real estate investments. It develops residential neighborhoods and towers, such as the Gan HaMoshavot project in Petah Tikva with 320 housing units and the Psagot complex in Jerusalem's Romema neighborhood with 276 housing units and a commercial center; commercial centers in locations including Even Yehuda, Yavne, Hadera, Ashdod, and Maale Adumim; office complexes, employment, and logistics areas in Jerusalem, Haifa, and Tel Aviv; and income-producing properties totaling approximately 85,000 square meters of active assets alongside 238,000 square meters under development. The company manages urban renewal initiatives, including pinui-binui evacuation-reconstruction projects and TAMA 38/2 demolitions across 44 complexes in Jerusalem, Tel Aviv, Holon, Givatayim, Rishon LeZion, and Bat Yam, such as the 32 HaKnesset project in Givatayim replacing 20 units with 56 and the 144-146 Ibn Gvirol site in Tel Aviv replacing 24 units with 57 plus commercial space. Recent developments include the expansion of its Series A debentures by approximately NIS 300 million in January 2024 and Series B bonds by NIS 400 million later that year at an annual interest rate of 5.74% with oversubscription exceeding NIS 1 billion; ongoing urban renewal flagship projects like the Optosho Livick complex in South Tel Aviv financed by NIS 1.2 billion from Ruby Capital and Menora Mivtachim, where residents move in prior to demolition; and new residential launches such as the Flora project in the Grove Park neighborhood of southwest Tel Aviv in partnership with Shitrit, targeting green living from NIS 2.85 million, alongside the Nia project in Jerusalem's Talpiot neighborhood.