Aloni Hetz: A 6% decrease in FFO to NIS 495 million – the capital market

The income-producing real estate company

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-1.4%

Base:4,286

opening:4,257

High:4,304

low:4,226

change:6,165,649

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Reports its reports for 2020, with a decrease of about 6% in FFO to NIS 495 million, compared to about NIS 525 million in 2019. Equity increased by about 1% to about NIS 6.4 billion. The company’s leverage rate based on NAV stands at 25%.

The company’s cash balances and unutilized credit facilities amounted to approximately NIS 1.1 billion at the end of 2020, and all assets (amounting to approximately NIS 13.4 billion are exempt from liens.

According to the company, despite the Corona challenges, “the company finished with relative stability in operating parameters. Collection rates stood at about 93% in Israel, 96% in the UK and 99% in the US, and new contracts were signed. During the year, the company gradually realized its holding inPSP, Sold about 3.2 million shares and pocketed about NIS 1.4 billion.

Upon publication of the reports, the company decided to distribute an additional dividend for 2020 earnings of 20 agorot per share – and in total the dividend for 2020 will amount to NIS 1.36 per share. In addition, the company reports that it plans to distribute a dividend of NIS 1.22, 2021. Cents per share for the first and second quarters of the year and 21 cents per share for the third and fourth quarters.

In Israel, Aloni Hetz owns the income-producing real estate company

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-1.61%

Base:1,800

opening:1,799

High:1,799

low:1,771

change:1,176,597

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(57%), as well as in the green energy company

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-2.9%

Base:1,345

opening:1,345

High:1,352

low:1,305

change:19,310,350

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(53.9%). In the US, the company owns the private income-producing real estate company CARR (50% controlled) as well as a partnership (50% controlled) with Oxford Properties in 3 office buildings in Boston. In the UK, the company owns 96.5% of the private income-producing real estate company Brockton Everlast.

Natan Hetz, CEO of Aloni Hetz: “In the activity of the offices in the markets in which we operate, collection rates remain high, contract renewals are carried out under similar conditions before the crisis and there has been a slight damage to occupancy levels in some group companies. Naturally, 2021 For signing new lease agreements as well as some flexibility in lease terms. We believe that within a year or two the markets will stabilize and rebalance. “