The NOI in 2022 amounted to a record of NIS 62.3 million, an increase of 20.6% compared to the NOI of NIS 51.7 million in 2021. The FFO in 2022 amounted to approximately NIS 33.9 million, an increase of 33% compared to the FFO of 25.4 million NIS in 2021. The company’s net profit in 2022 increased by 76% to approximately NIS 95.4 million, compared to a net profit of NIS 54.2 million in 2021.
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The company’s total financial debt (banks and bonds) is about NIS 550 million, while the company has no exposure to the price index, about 40% of the debt is at a fixed interest rate. The average interest rate on the debt as of December 31, 2022 was 4.3%. The average occupancy rate The company’s assets in 2022 amounted to approximately 98%. During 2022, dividends totaling NIS 22 million were distributed. As of December 31, 2022, the company’s equity amounts to approximately NIS 442 million, approximately 38% of the total balance sheet. The liquid balances as of December 31 2022, amounted to NIS 81 million.