Holdings data in Tanofort Bond a
According to site data FUNDER,
155 mutual funds hold In Tanofort, a In the amount of NIS 150.96 million
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in mutual fund holdings In Tanofort, a According to data FUNDER-MVF
Kidan Dahari, owner and CEO of Tanofort:
“We conclude a year of continued multi-tasking at Tanofort. The company’s extensive activities and diversity in the various uses of assets allow the company to continue to grow and flood value, as reflected, among other things, in the company’s valuations at the end of the year. NIS for the value of assets of approximately NIS 800 million.
Our strenuous activities throughout the periods, which include maintaining good relations and ongoing dialogue with tenants have helped us get through the corona crisis with insignificant damage. Despite this challenging period, Tanofort continues to demonstrate its financial strength and the strength of its assets as reflected in the improvement shown in all of the Company’s financial relationships.
We used the period to improve the properties, to prepare for the continued improvement of the properties, to deal with the issues of the overuse and various series of properties. These efforts will be significantly reflected in the future. About a month ago, we successfully completed the raising of approximately NIS 50 million by expanding the A series of bonds at an effective interest rate of 2.4%. I would like to thank the investors we see as important partners along the way, for their continued trust. I would like to thank all the team of employees of the company who invest their best efforts in order to grow and improve the company and I am sure that these efforts will continue to be reflected in the coming years. “
The yielding real estate company Tanofort, Owned by Yadan Dahari and Yaron Adiv, published its financial statements for the fourth quarter and 2020.
Revenue from storage and refrigeration services in 2020 amounted to approximately NIS 10 million, compared with approximately NIS 9.2 million in 2019, the improvement is due to an increase in refrigeration activity.
Revenues from renting buildings per year amounted to a decrease of NIS 40 million by about 10% compared to the corresponding period last year. This decrease is mainly due to the effect of the corona on rents. This decrease was partially offset by some of the new contracts signed by the company.
Gross profit in 2020 amounted to approximately NIS 33.1 million, compared with approximately NIS 38.7 million in the corresponding period last year.
Profit from ordinary activities in 2020 amounted to approximately NIS 86.5 million, compared with approximately NIS 97.1 million in 2019. About half of the decrease in profit is a result of the valuation differences between years in the plant asset, and the effect of the corona on this asset, which is treated according to the equity method.
The FFO in 2020 amounted to approximately NIS 18.5 million, compared with approximately NIS 22.8 million in 2019.
The net profit in 2020 amounted to NIS 60.5 million, compared with NIS 68.1 million last year. This decrease is mainly due to the impact of the corona crisis on the company’s operations.
Shareholders’ equity as of December 31, 2020 amounted to NIS 349.3 million, compared with NIS 290.3 million at the end of 2019, most of the increase is due to accumulated profits and, on the other hand, a dividend distribution of NIS 9.5 million in 2020.
Effects of the Corona Crisis – As of December 31, 2020, the scope of the reliefs, reductions and deferrals granted to tenants in respect of rent and management payments is approximately NIS 5-5.5 million, and the Company estimates for the period up to the end of March 2021 the scope of such reliefs, reductions and deferrals. An additional NIS 1.5 to 2.5 million.
The collection rate for payment demands issued to tenants (after concessions, reductions and postponements), as of the date of publication of the report, for rental months for April 2020 to February 2021 averages 90% and according to the segmentation of property uses, the collection rates are as follows: Supermarkets – 100 %; Other essential trade – 100%; Non-essential trade – 78%; Offices – 98%; Logistics, warehousing and industry – 96%.
Revenues from storage and refrigeration services in the quarter amounted to NIS 2.5 million, an increase of approximately 32% compared with the corresponding quarter last year, which was due to an increase in refrigeration operations.
Revenues from renting buildings in the quarter amounted to a decrease of NIS 9.6 million, a decrease of 17% compared to the corresponding quarter last year. This decline was partially offset by some of the new contracts signed by the company.
Gross profit for the quarter amounted to NIS 7.8 million, compared with NIS 9.3 million in the corresponding quarter last year.
Profit from ordinary activities amounted to NIS 68.7 million in the quarter, compared with NIS 41.8 million in the corresponding quarter last year. The significant increase is mainly due to an increase in the fair value of the assets in the amount of NIS 62.9 million, while in the corresponding quarter there was an increase in the amount of NIS 29.6 million. The increase was slightly offset by the effects of the corona crisis on the company’s operations.
The FFO in the quarter amounted to NIS 4.8 million, compared with NIS 5.7 million in the corresponding quarter last year.
The net profit for the quarter amounted to NIS 51.1 million, compared with NIS 32 million. Most of the increase is due to the revaluation of investment real estate in the quarter in the amount of NIS 63 million, compared with NIS 29.6 million in the corresponding quarter.
Tanofort’s shareholders’ equity amounted to NIS 349.3 million, compared with NIS 290.3 million at the end of 2019. The change is mainly due to the accumulation of profits and, on the other hand, the distribution of dividends during the period. The Company’s leverage level (net debt to CAP) was 47.7%. The company’s total balance sheet amounted to approximately NIS 798.1 million, compared with approximately 699.3 at the end of 2019. The cash balance, cash value and restricted deposits in withdrawals amounted to approximately NIS 28.3 million.