Azrieli Group ( (AZRGF) ) has released its Q1 earnings. Here is a breakdown of the information Azrieli Group presented to its investors.
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Azrieli Group is Israel’s largest real estate company, focusing on income-producing real estate, including shopping malls, office buildings, senior housing, and data centers. The company also has a presence in the United States and Europe. In its latest earnings report for Q1 2025, Azrieli Group highlighted a significant increase in key financial metrics. The company reported a 21% increase in Net Operating Income (NOI) to NIS 646 million and a 15% rise in Funds From Operations (FFO) to NIS 452 million compared to the same period last year. The occupancy rates in its properties remain high, with most segments achieving near full occupancy. Azrieli Group also extended its average debt duration while reducing interest rates, showcasing financial prudence. Looking forward, Azrieli Group remains committed to its core real estate business and plans to invest in new growth engines and technologies to sustain its growth trajectory.