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    Real estate development
Melisron Limited

Melisron Limited

TTASE:MLSR
40,030.00
ILA
-710.00
(-1.74%)
3,725.13EPS
11.46P/E
1.99TMarket Cap
Nov 25Next Earn
Melisron Limited
TASE:MLSR
(Tel Aviv Stock Exchange)

Recent

price

40,030.00

P/E

ratio

11.46

div

yld

1.89%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ILS
18.82
37.84
34.37
31.49
29.92
28.89
30.52
34.7
34.9
34.77
23.5
30.01
35.24
37.96
42.42
47.6
49.58
Revenue per Share
5.33
0.88
9.61
10.59
12.56
15.59
20.85
17.45
13.11
28.42
-5.27
31.04
29.3
21.83
32.21
38.99
36.43
Basic EPS, GAAP
8.89
10.78
9.43
10.42
11.47
12.59
12.05
11.11
14.43
16.3
6.47
15.32
19.06
20.13
22.97
5.86
8.2
Free Cash Flow per Basic Share
4.89
4.26
3.43
3.68
4.14
4.44
4.84
5.29
5.38
5.35
1.26
- -
3.79
8
7.99
7.56
7.55
Dividend per Share
68.97
62.92
67.15
76.29
84.84
99.07
114.04
126.25
133.9
157.98
151.5
182.55
208.08
221.96
246.04
277.21
285.19
Book Value per Share
68.97
50.63
56.25
65.69
74.28
88.92
102.05
114.28
122.05
146.81
140.33
170.01
195.49
210.22
227.7
259.11
267.16
Tangible Book Value per Share
25
28
39
41
42
44
44
44
45
45
47
47
47
47
48
48
48
Basic Weighted Avg Shares
462
1,065
1,351
1,284
1,266
1,269
1,356
1,543
1,557
1,561
1,115
1,424
1,673
1,803
2,016
2,267
2,364
Sales/Revenue/Turnover
71.02
66.28
65.5
65.27
67.69
68.03
68.29
69.15
69.43
69.63
65.29
69.03
68.5
69.22
70.54
65.81
64
Operating Margin (%)
- -
3
4
3
3
1
1
2
3
3
4
7
21
63
31
19
18
Depreciation Expense
131
25
378
432
531
685
927
776
585
1,276
-250
1,473
1,391
1,037
1,531
1,857
1,737
Net Income, GAAP
23.34
90.8
20.62
34.7
25.58
27.95
- -
24.09
20.8
23.4
- -
22.95
19.93
22.76
20.65
21.41
22.38
Effective Tax Rate (%)
28.31
2.33
27.97
33.65
41.98
53.98
68.34
50.29
37.57
81.74
-22.42
103.44
83.14
57.52
75.94
81.91
73.48
Profit Margin (%)
98
-1,581
-942
-1,125
-1,197
-1,048
-1,720
-477
-633
-828
138
-325
-526
-1,408
-833
-879
-1,785
Working Capital
2,308
7,949
7,659
8,062
8,067
8,120
8,503
9,755
9,449
8,732
9,661
9,196
10,190
9,908
12,338
13,109
12,377
LT Debt
1,841
3,295
3,054
3,503
3,912
4,698
5,627
6,236
6,649
7,861
7,557
9,101
10,368
11,048
12,308
13,813
14,204
Total Equity
- -
1
6.37
5.99
6.11
6.52
- -
7.12
5.9
8.86
- -
3.83
4.28
4.3
4.54
4.18
4.04
Return on Invested Capital (%)
- -
0.63
5.01
5.54
5.6
6.07
- -
5.95
5.14
8.02
- -
8.86
8.68
6.41
8.09
8.06
7.27
Return on Capital (%)
- -
1.24
14.88
14.45
15.61
17.25
19.68
14.53
10.08
18.92
-3.41
18.58
15
10.15
13.76
14.9
13.47
Return on Common Equity (%)

Capital Structure

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,314
2,455
3,097
LT Borrowings
13,108
12,765
12,377
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
19,698
19,350
19,908

Working Capital

ILS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,665
2,576
2,619
Cash, Cash Equivalents & STI
1,589
1,428
1,487
Accounts Receivable, Net
96
118
111
Inventories
850
843
832
Total Current Liabilities
3,544
3,809
4,404
Payables & Accruals
- -
- -
- -
ST Debt
2,314
2,455
3,097
Deferred Revenue
- -
- -
- -

Growth Rates

ILS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.61%
12.91%
12.23%
Free Cash Flow
8.18%
21.34%
-74.45%
Net Income, GAAP
-65.83%
-130.26%
21.29%
Sales/Revenue/Turnover
7.05%
15.45%
12.45%
Total Cash Common Dividend
- -
- -
-5.26%

Quarterly Revenue

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
461
495
526
534
2,016
2025
523
548
602
594
2,267
2026
580
588
- -
- -
- -

Quarterly Earnings Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.13
7.55
6.54
12.97
32.21
2025
4.98
9.18
6
18.82
38.99
2026
5.56
6.06
- -
- -
- -

Quarterly Dividends Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
4.21
1.89
1.89
7.99
2025
- -
3.78
1.89
1.89
7.56
2026
- -
3.77
- -
- -
- -
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Business
Melisron Ltd. operates as a leading commercial real estate company in Israel, owning and managing income-producing properties including shopping malls, office complexes and high-tech parks, as well as engaging in residential development and urban renewal projects. The company owns and manages 18 leading malls and shopping centers under the Ofer Mall brand, located nationwide and offering leading local and international retail brands, boutiques, restaurants, cafes, entertainment and leisure activities; it leases and manages business and hi-tech parks with innovative, technologically advanced premises for major local and international firms; and through its fully-owned subsidiary Aviv Melisron (formerly Aviv Development), it develops residential properties with a pipeline of approximately 4,700 housing units under planning, construction or marketing and another 5,000 units in early stages, specializing in high-demand urban renewal. Melisron operates exclusively in Israel from its headquarters in Herzliya, where it was founded in 1987. In September 2024, Melisron acquired the remaining 50% stake in Aviv Development from its founders for NIS 625 million at a NIS 1.25 billion company valuation, achieving 100% ownership and renaming it Aviv Melisron with Tzachi Didi appointed CEO in November 2024 to lead residential expansion. In late September 2025, the company signed an agreement to acquire 51% of the land rights in Kenyon Hazahav (Golden Mall) in Rishon LeZion for NIS 818 million from Migdal and others, with potential to expand to 70% and plans for Melisron to manage the property, marking its largest mall acquisition in over a decade.