Buy Or Sell Opportunity • Jun 17
Now 23% overvalued Over the last 90 days, the stock has fallen 24% to ₪179. The fair value is estimated to be ₪146, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 49%. Reported Earnings • May 19
First quarter 2026 earnings released: EPS: ₪2.31 (vs ₪1.44 in 1Q 2025) First quarter 2026 results: EPS: ₪2.31 (up from ₪1.44 in 1Q 2025). Revenue: ₪415.5m (up 12% from 1Q 2025). Net income: ₪95.8m (up 75% from 1Q 2025). Profit margin: 23% (up from 15% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪266, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 15x in the Real Estate industry in Israel. Total returns to shareholders of 134% over the past three years. Reported Earnings • Mar 10
Full year 2025 earnings released: EPS: ₪24.08 (vs ₪17.43 in FY 2024) Full year 2025 results: EPS: ₪24.08 (up from ₪17.43 in FY 2024). Revenue: ₪1.59b (up 5.9% from FY 2024). Net income: ₪933.3m (up 41% from FY 2024). Profit margin: 59% (up from 44% in FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
AFI Properties Ltd. to Report Q4, 2025 Results on Mar 09, 2026 AFI Properties Ltd. announced that they will report Q4, 2025 results on Mar 09, 2026 Announcement • Jan 27
AFI Properties Ltd., Annual General Meeting, Mar 03, 2026 AFI Properties Ltd., Annual General Meeting, Mar 03, 2026. Location: co. offices, Israel Buy Or Sell Opportunity • Nov 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to ₪217. The fair value is estimated to be ₪180, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: ₪11.44 (vs ₪9.11 in 3Q 2024) Third quarter 2025 results: EPS: ₪11.44 (up from ₪9.11 in 3Q 2024). Revenue: ₪393.8m (down 20% from 3Q 2024). Net income: ₪441.7m (up 27% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 03
AFI Properties Ltd. to Report Q3, 2025 Results on Nov 16, 2025 AFI Properties Ltd. announced that they will report Q3, 2025 results on Nov 16, 2025 Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ₪3.00 (vs ₪1.91 in 2Q 2024) Second quarter 2025 results: EPS: ₪3.00 (up from ₪1.91 in 2Q 2024). Revenue: ₪395.4m (up 7.4% from 2Q 2024). Net income: ₪114.3m (up 58% from 2Q 2024). Profit margin: 29% (up from 20% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jul 23
AFI Properties Ltd. to Report Q2, 2025 Results on Aug 12, 2025 AFI Properties Ltd. announced that they will report Q2, 2025 results on Aug 12, 2025 Announcement • Apr 27
AFI Properties Ltd. to Report Q1, 2025 Results on May 13, 2025 AFI Properties Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: ₪17.43 (vs ₪5.56 in FY 2023) Full year 2024 results: EPS: ₪17.43 (up from ₪5.56 in FY 2023). Revenue: ₪1.50b (up 9.2% from FY 2023). Net income: ₪663.3m (up 214% from FY 2023). Profit margin: 44% (up from 15% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Mar 12
AFI Properties Ltd., Annual General Meeting, Apr 22, 2025 AFI Properties Ltd., Annual General Meeting, Apr 22, 2025. Location: company offices, Israel Announcement • Feb 18
AFI Properties Ltd. to Report Q4, 2024 Results on Mar 10, 2025 AFI Properties Ltd. announced that they will report Q4, 2024 results on Mar 10, 2025 Announcement • Nov 06
AFI Properties Ltd. to Report Q3, 2024 Results on Nov 20, 2024 AFI Properties Ltd. announced that they will report Q3, 2024 results on Nov 20, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: ₪1.91 (vs ₪1.56 in 2Q 2023) Second quarter 2024 results: EPS: ₪1.91 (up from ₪1.56 in 2Q 2023). Revenue: ₪370.3m (up 14% from 2Q 2023). Net income: ₪72.6m (up 22% from 2Q 2023). Profit margin: 20% (up from 18% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Aug 07
AFI Properties Ltd. to Report Q2, 2024 Results on Aug 11, 2024 AFI Properties Ltd. announced that they will report Q2, 2024 results on Aug 11, 2024 Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: ₪5.56 (vs ₪15.52 in FY 2022) Full year 2023 results: EPS: ₪5.56 (down from ₪15.52 in FY 2022). Revenue: ₪1.37b (up 18% from FY 2022). Net income: ₪211.4m (down 64% from FY 2022). Profit margin: 15% (down from 50% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Mar 04
AFI Properties Ltd. to Report Q4, 2023 Results on Mar 19, 2024 AFI Properties Ltd. announced that they will report Q4, 2023 results at 9:46 AM, Israel Standard Time on Mar 19, 2024 Announcement • Feb 20
AFI Properties Ltd., Annual General Meeting, Mar 25, 2024 AFI Properties Ltd., Annual General Meeting, Mar 25, 2024, at 14:00 Israel Standard Time. Reported Earnings • Nov 25
Third quarter 2023 earnings released: EPS: ₪3.18 (vs ₪3.08 in 3Q 2022) Third quarter 2023 results: EPS: ₪3.18 (up from ₪3.08 in 3Q 2022). Revenue: ₪350.7m (up 9.2% from 3Q 2022). Net income: ₪121.0m (up 3.4% from 3Q 2022). Profit margin: 35% (down from 37% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Nov 09
AFI Properties Ltd. to Report Q3, 2023 Results on Nov 23, 2023 AFI Properties Ltd. announced that they will report Q3, 2023 results on Nov 23, 2023 Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪118, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 8x in the Real Estate industry in Israel. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₪109, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 9x in the Real Estate industry in Israel. Total returns to shareholders of 35% over the past three years. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: ₪1.56 (vs ₪9.20 in 2Q 2022) Second quarter 2023 results: EPS: ₪1.56 (down from ₪9.20 in 2Q 2022). Revenue: ₪318.2m (up 6.9% from 2Q 2022). Net income: ₪59.4m (down 83% from 2Q 2022). Profit margin: 19% (down from 117% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
AFI Properties Ltd to Report Q2, 2023 Results on Aug 13, 2023 AFI Properties Ltd announced that they will report Q2, 2023 results on Aug 13, 2023 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪119, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 8x in the Real Estate industry in Israel. Total returns to shareholders of 30% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: ₪15.52 (vs ₪21.83 in FY 2021) Full year 2022 results: EPS: ₪15.52 (down from ₪21.83 in FY 2021). Revenue: ₪1.16b (up 1.2% from FY 2021). Net income: ₪585.5m (down 26% from FY 2021). Profit margin: 50% (down from 69% in FY 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: ₪3.08 (vs ₪8.06 in 3Q 2021) Third quarter 2022 results: EPS: ₪3.08 (down from ₪8.06 in 3Q 2021). Revenue: ₪321.8m (up 10% from 3Q 2021). Net income: ₪117.1m (down 60% from 3Q 2021). Profit margin: 36% (down from 100% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Nov 18
AFI Properties Ltd to Report Q3, 2022 Results on Nov 17, 2022 AFI Properties Ltd announced that they will report Q3, 2022 results on Nov 17, 2022 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Director Hay Galis was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 04
Second quarter 2022 earnings released: EPS: ₪9.20 (vs ₪2.98 in 2Q 2021) Second quarter 2022 results: EPS: ₪9.20 (up from ₪2.98 in 2Q 2021). Revenue: ₪265.8m (down 11% from 2Q 2021). Net income: ₪347.6m (up 224% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Sep 02
AFI Properties Ltd to Report Q2, 2022 Results on Aug 31, 2022 AFI Properties Ltd announced that they will report Q2, 2022 results on Aug 31, 2022 Announcement • Jul 21
BIG Shopping Centers Ltd (TASE:BIG) made an offer to acquire remaining 33.7% stake in AFI Properties Ltd (TASE:AFPR) for ILS 2.1 billion BIG Shopping Centers Ltd (TASE:BIG) made an offer to acquire remaining 33.7% stake in AFI Properties Ltd (TASE:AFPR) for ILS 2.1 billion on July 7, 2022. Under the terms of offer, Big shopping will for the purchase of 12,751,006 ordinary shares and each of the AFI Properties held by the Offers in exchange for 0.38 ordinary shares of Big against each ordinary share of the Company. AFI Properties will become private post completion. The last acceptance date according to the tender offer report is on Tuesday, August 2, 2022 .
Efrat Hayut Mark as legal advisor Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₪164, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 7x in the Real Estate industry in Israel. Total returns to shareholders of 76% over the past three years. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Chairman of the Board Eitan Bar Zeev was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 25
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: ₪2.00 (up from ₪1.39 in 1Q 2021). Revenue: ₪251.6m (down 16% from 1Q 2021). Net income: ₪74.3m (up 49% from 1Q 2021). Profit margin: 30% (up from 17% in 1Q 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 111%. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Chairman of the Board Eitan Bar Zeev was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 21
Inaugural dividend of ₪1.38 per share Eligible shareholders must have bought the stock before 28 November 2021. Payment date: 14 December 2021. The company last paid an ordinary dividend in March 2016. The average dividend yield among industry peers is 2.1%. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS ₪2.98 (vs ₪1.04 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪298.7m (up 19% from 2Q 2020). Net income: ₪107.3m (up 211% from 2Q 2020). Profit margin: 36% (up from 14% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Aug 14
AFI Properties Ltd(TASE:AFPR) dropped from TA-125 Index AFI Properties Ltd has been removed from TA-125 Index. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS ₪0.56 (vs ₪13.44 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₪947.6m (up 7.8% from FY 2019). Net income: ₪19.1m (down 95% from FY 2019). Profit margin: 2.0% (down from 44% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Mar 05
AFI Properties Ltd to Report Q4, 2020 Results on Mar 17, 2021 AFI Properties Ltd announced that they will report Q4, 2020 results on Mar 17, 2021 Is New 90 Day High Low • Dec 28
New 90-day high: ₪123 The company is up 49% from its price of ₪81.97 on 29 September 2020. The Israeli market is up 26% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: ₪114 The company is up 36% from its price of ₪84.02 on 10 September 2020. The Israeli market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 24% over the same period. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS ₪4.71 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ₪254.4m (up 33% from 3Q 2019). Net income: ₪161.9m (down 32% from 3Q 2019). Profit margin: 64% (down from 125% in 3Q 2019). The decrease in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 15% share price gain to ₪97.00, the stock is trading at a trailing P/E ratio of 24.6x, up from the previous P/E ratio of 21.4x. This compares to an average P/E of 12x in the Real Estate industry in Israel. Total returns to shareholders over the past three years are 19%. Is New 90 Day High Low • Nov 09
New 90-day high: ₪98.50 The company is up 18% from its price of ₪83.67 on 11 August 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 20% share price gain to ₪98.50, the stock is trading at a trailing P/E ratio of 25x, up from the previous P/E ratio of 20.8x. This compares to an average P/E of 11x in the Real Estate industry in Israel. Total returns to shareholders over the past three years are 23%. Announcement • Nov 03
AFI Properties Ltd to Report Q3, 2020 Results on Nov 17, 2020 AFI Properties Ltd announced that they will report Q3, 2020 results on Nov 17, 2020 Announcement • Sep 13
AFI Properties Ltd to Report Q2, 2020 Results on Aug 16, 2020 AFI Properties Ltd announced that they will report Q2, 2020 results on Aug 16, 2020