NOI (excluding Compass, which was sold) in Q2 is up around 5% year-over-year totaling some NIS 553 million
Total FFO is up around 17% year-over-year totaling a record NIS 419 million; FFO in Q2 excluding senior housing is up around 11% year-over-year totaling some NIS 379 million
TEL AVIV, Israel, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Eyal Henkin, CEO of Azrieli Group: "We are concluding another good quarter for the Group with continued growth in the same-property NOI and record double-digit quarterly FFO growth. The offices segment continues to present good results while maintaining high occupancy rates. We are seeing rising interest from potential tenants and are working to seize the various opportunities. The Group's malls presented growth across all parameters, with a continued increase in store revenues. The Data Centers segment continues to gain momentum, and its contribution to the results is steadily growing. The results do not yet include some of the significant contracts we have signed, which are expected to make a considerable contribution to the Group's performance in the upcoming year. We are continuing to identify many opportunities in the sector, which we are proactively pursuing.
On behalf of the Azrieli Group, I would ...
