According to FUNDER website data,
75 mutual funds hold Aura shares in the amount of NIS 50.98 million
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in the holdings of mutual funds in Aura shares according to FUNDER-MVF data
• Sales of NIS 1.1 billion and gross profit of NIS 130 million
• Shareholders’ equity increased by NIS 88 million to a total of NIS 370 million and the company presents financial strength and is traded at a value of NIS 591 million.
• A dividend of NIS 4.2 million was announced
As of December 31, 20, about NIS 110 million in the company’s coffers
• Gross profit on projects in progress that have not yet been recognized in the amount of approximately NIS 557 million
• In 2020, the company sold 324 housing units for a total amount of approximately NIS 549 million
• Dozens of projects and land reserves of approximately 20,600 housing units position the company as one of the largest and leading companies in the economy in the field of residential real estate.
• 2021 is expected to be another strong year, with the launch and marketing of projects in Givatayim, Kiryat Ono, Ramat Hasharon, Ramat Gan, Tel Aviv and Ben Shemen
• The company establishes a significant, continuous and stable profitability ahead with a strong flow expected in the coming years
Yaakov Atrakchi, CEO of Aura, told FUNDER: “2020 is the year of the company’s breakthrough – we built Aura as one of the largest and most significant companies in the field of residential real estate. We have proven this year beyond any doubt that even in the Corona crisis, we knew how to continue in the current activity, face all the challenges and continue to sell hundreds of housing units – we expect to accelerate the trend and sell thousands of housing units in the next two years.
The focus on urban renewal has created for the company many projects that range from planning, execution, marketing to final occupancy. Therefore, in the face of a very low supply of land available for construction on the market, which leads, among other things, to rising market prices, Laura has a huge and growing backlog of projects, especially in demand areas, precisely adapted to the tough demands the Israeli market will experience in the coming years.
We believe that 2020, which was a record year for us, is the beginning of a series of years of growth with total revenues of billions of NIS and gross profitability of hundreds of millions of NIS, already in the short term. We estimate that as housing prices continue to rise, this will further contribute to gross profitability.
Another major move made by the company in 2020 is a reduction in leverage, with the sale of non-core assets for approximately NIS 214 million, along with the repayment of approximately NIS 227 million in bonds, raising approximately NIS 100 million Bonds with a long maturity designed, among other things, to reduce financing costs and adjust the repayment schedule to business progress. In addition, we decided to distribute a NIS 4 million dividend to the company’s shareholders.
In addition, the company’s shareholders’ equity increased by NIS 88 million, to a total of NIS 369 million, a trend that will continue going forward. These moves strengthen the financial strength of Aura, which even ended the year with a significant cash flow of about NIS 110 million.
(Tel Aviv: Aura) Aura Investments, A leading company in initiating residential construction in Israel, specializing in initiating, planning and establishing urban renewal complexes in sought-after and leading city centers, announces record results – the company’s sales in 2020 amounted to NIS 1.1 billion, gross profit of NIS 130 million and profit A total of about NIS 43 million. The momentum of activity supports the company’s financial strength.
Main activities of the company in 2020:
Strengthening of shareholders ‘equity – During 2020, in addition to the increase in shareholders’ equity resulting from the annual total profit of approximately NIS 43 million, shares were issued which contributed to an increase of approximately NIS 44 million in shareholders ‘equity and total shareholders’ equity increased in 2020 from NIS 281 million for a total of NIS 369 million as of December 31, 2020.
Reduction of the bond debt – during 2020, the company repaid a bond fund and interest in the amount of NIS 227 million. On the other hand, in November 2020, the company raised NIS 100 million by expanding the Tu series. Total bond balances The Company’s balance sheet decreased by approximately NIS 94 million between the years 2020 and 2019. The total capital of the Company’s CAP, as of December 31, 2020, amounted to approximately 28%, an increase of approximately 15% compared to December 31, 2019, when the capital was To CAP at 24.4%.
Intensive execution on the company’s sites and maintaining a high sales rate – Despite the outbreak of the corona virus, the company was able to maintain an intensive execution rate on the company’s sites as well as meet the planned sales pace. In total, in 2020, the company sold 324 housing units for a total amount of approximately NIS 549 million. In light of the above, the company almost doubled its recognition of income from the sale of apartments in 2020 compared to 2019.
Improvement in the company’s operating parameters – gross profit increased from NIS 63 million in 2019 to NIS 130 million in 2020, an increase of 106%. In addition, operating profit increased from NIS 31.5 million in 2019 to NIS 96 million in 2020, an increase of 205%, and net profit amounted to NIS 42 million in 2020, compared with NIS 3.5 million. In 2019, an increase of about 1,105%.
Realization of properties that are not at the core of the company’s business – During 2020, the company realized 3 properties that were completed and are not at the core of the business: in Pardes Hanna, at the Savyon junction in Kiryat Ono and at the corner of Sheinkin and Melchet streets in Tel Aviv. The sale of the assets contributed in 2020 to cash flow, a net of approximately NIS 50 million and a gross profit of approximately NIS 9.8 million.
Promotion of licensing in the company’s projects – In 2021, the company expects to start about 7 new projects that will include about 1,342 new housing units (part of the company – 964 housing units). In addition to these projects, the company promotes licensing, lawsuits and tenant signing in another 29 projects, which include about 16,051 housing units, of which the company shares about 11,832 housing units.