Azrieli Group Ltd. (IL:AZRG)
TASE:AZRG
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Earnings Data
Report Date
Aug 19, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
362.6Last Year’s EPS
264Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Q1 2026
Earnings Call Date:May 20, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presents a cautiously constructive picture: management delivered a solid quarter given a challenging environment (war-related disruptions and FX headwinds), highlighted by strong occupancy, defensive office performance, a deepening data center pipeline (contracted NOI ≈ ILS 1 billion and 1 GW land bank), significant ongoing investments and a successful ILS 1.4 billion equity raise. These positives are offset by short-term headwinds—NOI down ~1%, FFO down 9–12%, FX-driven translation losses and higher financing/G&A costs. Management frames most negatives as temporary and tied to external shocks, while emphasizing long-term value creation from developments like the Spiral Tower and data center expansion.Company Guidance
Maintained High Occupancy and Stable Office Performance
Mall occupancy remained at 98%; Office NOI was unchanged year-over-year, supported by high-quality assets and steady demand. Offices benefited from CPI-linked revenue growth despite timing of income recognition from the former Meta space.
Data Center Platform: Significant Pipeline and Contracted NOI
Signed/data-backed contracts represent potential annual NOI of EUR 278 million (≈ ILS 1 billion). Powered land bank stands at ~1 GW (1,000 MW). Data center NOI showed a modest quarter-on-quarter improvement (+ILS 3 million vs prior quarter) and the Group continues active deployment in Norway, Germany and other European markets.
Active Investment and Development Momentum
The Group invested more than ILS 600 million in portfolio expansion and enhancement during the quarter (including ILS 260 million in income-producing property under construction and ILS 122 million in data centers). Key projects advancing: Spiral Tower core reached 74th floor, occupied floor structure 60th floor; Undheim (Norway) 80 MW capacity; Rishon LeZion senior housing opening soon (274 units + 3,000 sqm retail).
Strengthened Capital Base via Equity Issuance
Completed a significant equity offering in March of approximately ILS 1.4 billion, further strengthening capital base and financial flexibility.
Positive Revaluations and Net Income Increase
Net income for the quarter was ILS 540 million versus ILS 457 million in the same quarter last year (increase). Investment property revaluations recorded approximately ILS 278 million; an ILS 33 million revaluation profit was recorded for a 54-MW data center project in Germany (equity-accounted).
Senior Housing Performance
Senior housing NOI increased by around ILS 5 million; occupancy is close to 100% with medical department occupancy at ~90%. New senior housing project in Rishon LeZion (274 units) is progressing with sales moving at a good pace.
Conservative Financial Position and Favorable Debt Metrics
Gross financial debt ~ILS 28.6 billion and net financial debt ~ILS 22.75 billion. Gross debt decreased ~ILS 234 million vs end of 2025. Average effective interest rate ~2.9% with average duration of 6 years.
IL:AZRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IL:AZRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 20, 2026 | 46910.00 | 44850.00 | -4.39% |
Mar 19, 2026 | 46899.33 | 43785.84 | -6.64% |
Nov 26, 2025 | 32898.50 | 32849.24 | -0.15% |
Aug 18, 2025 | 33873.93 | 33046.29 | -2.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Azrieli Group Ltd. (IL:AZRG) report earnings?
Azrieli Group Ltd. (IL:AZRG) is schdueled to report earning on Aug 19, 2026, Before Open (Confirmed).
What is Azrieli Group Ltd. (IL:AZRG) earnings time?
Azrieli Group Ltd. (IL:AZRG) earnings time is at Aug 19, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Azrieli Group Ltd. stock?
The P/E ratio of Azrieli Group is N/A.
What is IL:AZRG EPS forecast?
IL:AZRG EPS forecast for the fiscal quarter 2026 (Q2) is 362.6.