Kardan Real Estate Enterprise & Development Ltd.

Kardan Real Estate Enterprise & Development Ltd.

TTASE:KARE
485.20
ILA
-3.70
(-0.76%)
5.33EPS
110.28P/E
110.29BMarket 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
4.19
4.28
2.74
3.45
2.47
2.49
2.04
2.6
3.57
3.38
3.27
2.9
2.59
2.86
Basic EPS, GAAP
0.24
0.08
0.22
0.2
0.47
0.2
0.12
0.19
0.45
0.65
0.38
0.27
0.13
0.05
Free Cash Flow per Basic Share
0.23
1.01
0.29
0.28
1
-0.26
-0.16
-0.34
0.5
-0.8
-0.44
0.37
-0.72
-1.45
Dividend per Share
- -
0.32
- -
0.1
0.1
0.21
0.08
0.05
0.11
0.19
0.19
0.16
0.18
0.16
Book Value per Share
- -
2.04
2.26
2.36
2.81
2.78
2.81
2.95
3.29
3.77
3.97
4.06
4.02
3.84
Tangible Book Value per Share
- -
2.03
2.25
2.35
2.8
2.77
2.8
2.94
3.28
3.76
3.95
4.05
4.01
3.82
Basic Weighted Avg Shares
183
183
183
183
183
183
183
183
183
184
185
186
187
187
Sales/Revenue/Turnover
765
783
502
631
451
455
373
475
653
620
604
537
485
534
Operating Margin (%)
7.34
7.28
7.52
9.39
13.48
11.08
9.49
14.25
15.65
16.06
18.56
13.42
5.4
3.22
Depreciation Expense
5
11
4
- -
2
2
4
4
5
7
8
8
9
10
Net Income, GAAP
44
14
40
37
86
37
22
34
82
120
70
50
24
10
Effective Tax Rate (%)
- -
58.16
- -
27.92
15.77
25.86
- -
24.34
15.46
22.88
20.53
25.62
9.54
- -
Profit Margin (%)
5.78
1.83
7.98
5.92
19.09
8.14
6.03
7.14
12.49
19.34
11.66
9.23
5.01
1.87
Working Capital
- -
244
199
111
302
265
278
325
483
266
375
250
563
471
LT Debt
- -
182
167
93
120
154
182
223
343
475
511
512
717
738
Total Equity
- -
390
435
460
518
511
517
543
605
698
736
758
751
718
Return on Invested Capital (%)
- -
- -
- -
7.5
10.36
5.74
- -
5.78
9.62
10.87
6.13
4.09
2.22
- -
Return on Capital (%)
- -
- -
- -
4.77
12.69
6.11
- -
5.5
10.04
11.4
6.59
4.87
3.25
- -
Return on Common Equity (%)
- -
- -
10.18
8.85
18.23
7.25
4.4
6.44
14.29
18.5
9.87
6.67
3.22
1.38

Capital Structure

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
241
254
267
LT Borrowings
710
732
732
LT Finance Leases
7
7
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
187
187
187
Market Capitalization
1,119
1,031
1,103

Working Capital

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,522
1,490
1,494
Cash, Cash Equivalents & STI
240
237
157
Accounts Receivable, Net
116
143
194
Inventories
999
999
1,028
Total Current Liabilities
960
987
1,023
Payables & Accruals
- -
- -
- -
ST Debt
241
254
267
Deferred Revenue
- -
- -
- -

Growth Rates

ILS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.75%
6.88%
-0.93%
Free Cash Flow
-83.02%
-206.26%
-294.04%
Net Income, GAAP
14.4%
13.13%
-51.09%
Sales/Revenue/Turnover
1.65%
1.82%
-9.78%
Total Cash Common Dividend
- -
40.37%
13.33%

Quarterly Revenue

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
125
135
144
133
537
2025
120
118
117
130
485
2026
125
163
- -
- -
- -

Quarterly Earnings Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.04
0.06
0.09
0.27
2025
0.04
0.01
- -
0.08
0.13
2026
-0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.16
- -
- -
0.16
2025
- -
0.12
- -
- -
0.18
2026
- -
0.16
- -
- -
- -

Company Description

CEO
Amos Dabush
Full Time Employees
128
Sector
Consumer durables
Industry
Homebuilding
Address
Kardan Tower Tel Aviv TA Israel 64921
IPO Date
Mar 1, 2010
Business
Kardan Real Estate Enterprise and Development Ltd operates primarily in the real estate sector, focusing on the planning, construction, development, sale, and rental of residential, commercial, office, and hotel properties, as well as urban renewal projects in Israel. The company develops and manages residential building projects, income-producing properties, office buildings, commercial areas, and parking facilities. It also provides contracting services through its subsidiary, El-Har Engineering & Construction Ltd, in which Kardan recently acquired the remaining 33.3% stake, further consolidating its construction operations. Founded in 1988 and headquartered in Tel Aviv, Israel, Kardan targets the Israeli market for real estate development and asset management while also sustaining activities related to property management and maintenance. Recently, Kardan Real Estate has focused on expanding its operational scope by enhancing its construction capabilities through the full acquisition of El-Har Engineering & Construction Ltd. This move aims to strengthen its execution capacity and project delivery in the real estate development sector. Additionally, the company continues to actively develop and market thousands of residential units across Israel. It is also engaged in strategic land acquisitions, including recent acquisitions of land rights in Holon, Israel, as part of its ongoing business expansion. These efforts underscore Kardan’s strategic shift toward increasing its construction and development footprint within the domestic real estate market while optimizing asset management for income-generating properties. Kardan operates mainly in Israel, with a diverse portfolio encompassing residential, office, hotel, and commercial real estate segments, supported by its contracting and property management subsidiaries. The company serves a broad customer base including residential buyers, commercial tenants, and investors focusing on income-producing real estate assets. It continues to emphasize urban renewal and mixed-use developments as part of its growth strategy. Kardan’s comprehensive approach combines real estate development, construction, sales, rental, and ongoing asset management to maintain its leadership position in the Israeli real estate market. This profile reflects Kardan’s current operations, its detailed product and service offerings, and recent strategic developments aimed at vertical integration in construction and broadening its real estate portfolio in Israel. The company’s long-standing establishment since 1988 and its headquarters in Tel Aviv highlight its strong local market presence. This description is based on the latest available company information including recent acquisitions, project developments, and market activities as of late 2025.