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    Real estate investment trusts
Sella Capital Real Estate Ltd.

Sella Capital Real Estate Ltd.

TTASE:SLARL
819.20
ILA
-23.10
(-2.74%)
107.52EPS
9.04P/E
241.82BMarket 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
1.19
1.07
1.06
1.08
1.18
1.14
1.24
1.24
1.27
1.45
1.62
1.66
1.72
1.72
Basic EPS, GAAP
0.3
0.45
0.46
0.53
0.6
0.53
1.53
0.84
1.73
1.23
0.82
0.95
1.3
1.12
Free Cash Flow per Basic Share
0.56
0.47
0.59
0.6
0.66
0.67
0.76
0.76
0.87
1.05
1.09
1.1
1.04
0.94
Dividend per Share
0.54
0.38
0.34
0.36
0.38
0.39
0.42
0.47
0.49
0.51
0.54
0.55
0.57
0.42
Book Value per Share
6.54
6.4
6.53
6.69
6.92
6.97
8.1
8.41
9.58
10.27
10.51
10.9
11.57
11.55
Tangible Book Value per Share
6.54
6.4
6.53
6.69
6.92
6.97
8.1
8.41
9.58
10.27
10.51
10.9
11.57
11.55
Basic Weighted Avg Shares
67
89
124
140
156
185
192
192
206
217
218
224
231
231
Sales/Revenue/Turnover
80
95
132
152
184
211
237
238
261
315
354
371
397
397
Operating Margin (%)
67.74
68.34
71.28
74.65
75.37
76.35
79.16
77.69
78.17
80.65
79.75
79.38
79.09
78.74
Depreciation Expense
- -
- -
1
1
- -
- -
1
4
5
-10
-7
- -
2
1
Net Income, GAAP
20
40
57
74
94
98
293
161
357
266
180
213
300
258
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
24.85
42.15
43.01
48.84
50.95
46.22
123.63
67.76
136.8
84.36
50.9
57.41
75.57
64.99
Working Capital
-13
-31
93
-104
-54
-216
-81
-101
81
-407
-321
-587
-463
-408
LT Debt
599
663
897
1,104
1,247
1,321
1,685
1,699
2,035
2,492
2,575
2,798
2,746
3,137
Total Equity
451
588
914
937
1,173
1,337
1,553
1,641
2,065
2,230
2,309
2,425
2,767
2,765
Return on Invested Capital (%)
5.01
5.26
5.31
5.15
5.57
5.42
10.96
5.52
10.97
8.97
6.22
6.93
7.42
5.77
Return on Capital (%)
5.04
5.28
5.31
5.13
5.53
5.4
10.75
5.43
9.89
6.41
4.39
4.92
6.08
3.83
Return on Common Equity (%)
4.85
7.7
7.54
8
8.86
7.79
20.28
10.08
19.24
12.39
7.93
9
11.56
9.94

Capital Structure

ILS

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
618
608
627
LT Borrowings
2,724
2,746
3,137
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
223
239
239
Market Capitalization
2,443
2,822
2,418

Working Capital

ILS

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
12
212
357
Cash, Cash Equivalents & STI
5
206
347
Accounts Receivable, Net
6
4
8
Inventories
- -
- -
- -
Total Current Liabilities
678
675
764
Payables & Accruals
- -
- -
- -
ST Debt
618
608
627
Deferred Revenue
- -
- -
- -

Growth Rates

ILS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12%
11.31%
14.14%
Free Cash Flow
13.24%
11.21%
-2.07%
Net Income, GAAP
33.93%
24.58%
40.85%
Sales/Revenue/Turnover
11.86%
10.95%
7.01%
Total Cash Common Dividend
12.24%
7.94%
5.88%

Quarterly Revenue

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
90
93
94
95
371
2025
98
98
- -
100
397
2026
101
- -
- -
- -
- -

Quarterly Earnings Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.08
0.26
0.39
0.95
2025
0.35
0.29
- -
0.37
1.3
2026
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.28
0.14
0.14
0.55
2025
0.14
0.14
- -
0.14
0.57
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Gadi Alikam
Full Time Employees
21
Sector
Finance
Industry
Real estate investment trusts
Address
Moshe Aviv Tower Ramat Gan TA Israel 52520
IPO Date
Feb 28, 2008
Website
sellacapital.com
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Business
Sella Capital Real Estate Ltd. is an Israel-based real estate investment trust that acquires, manages, holds and rents income-producing properties including office buildings, commercial and logistics facilities, shopping centers, gas stations, industrial buildings and hospitality assets. The company leases space primarily to freelancers, commercial enterprises, high-tech firms and government entities across Israel, with operations concentrated in key markets such as Tel Aviv and Ramat Gan. Founded in 2007 and headquartered in Ramat Gan, it trades on the Tel Aviv Stock Exchange under the ticker SLARL.TA and maintains a portfolio rated AA3 with a stable outlook by Midroog.[fetch:https://www.sellacapital.com] Core offerings encompass rental income from diversified yielding real estate; office towers like Beit Mani in Tel Aviv; commercial centers and logistics warehouses; gas station sites; light industrial spaces; and hotel properties, supported by ongoing asset enhancements and lease renewals.[fetch:https://www.sellacapital.com] In recent developments, the company completed a 161 million shekel equity raise from classified investors in July 2025 to bolster its balance sheet amid office market recovery signals, including initial leasing at Beit Mani following its 2022-2024 acquisition from Leumi Bank. It projects record NOI of 345-350 million shekels and FFO of 238-242 million shekels for 2025, driven by inflation-linked rent hikes, operational improvements and renewed demand post-hybrid work challenges, with no new property acquisitions since completing Beit Mani.