A house in the village (PR photo)
The leading sheltered housing company, Beit Kfar, joins the Tel Aviv Stock Exchange. The company owns 4 luxury housing homes in Israel, which include about 830 housing units in the Central and Sharon area. The impressive figures include, among other things, an annual income rate of NIS 85 million and a high rate of addicted apartments of over 95% during the years preceding the corona year. Current rate of addicted dwellings – 93%; WE Annual of NIS 55 million and equity of over NIS 700 million.
Beit Bakfar, one of the leading and most profitable companies in Israel in the field of sheltered housing, which manages and operates four luxury housing for the elderly, reports the success of the issue and raising NIS 255 million, through an allotment of shares and sales, reflecting a value of NIS 1.15 billion before cash.
The offering was led by Discount Capital Underwriting and IBI workers. Underwriting and issues, and accompanied by the law firm m. Piron & Co., Deloitte Accountants and Barak Friedman Real Estate Appraisal Office. As part of the offering, approximately 138,889 units were offered, in such a way that the composition of each unit includes 100 ordinary shares and 75 warrants (Series 1) at a total price per unit of NIS 1,840.
More in-
House income in the village in the first nine months of 2021 amounted to NIS 63.7 million, and represents an annual income rate of NIS 85 million. God-WE In the first nine months of 2021, it amounted to NIS 41.7 million, representing Katsav WE Annual of about NIS 56 million, about 66% of total revenues, a rate that is considered the highest in the industry. The net profit in the first nine months of 2021 amounted to NIS 24 million.
In addition, the company has distributed NIS 31 million in dividends to shareholders in the last two years, since November 2019. The company has a dividend distribution policy of at least 30% of net profit, and the balance of the surplus amounts to NIS 323 million.
The company operates four sheltered housing complexes in Israel, which it owns, including about 830 housing units over a total area of about 81,680 square meters, with over 4,200 square meters of which are used for commerce. In addition, the company manages a fifth housing complex, Hof. Kinneret, with about 60 units covering over 4,000 square meters.
Mickey Perens, CEO of Beit Kfar: “I have no doubt that the raising funds and important contribution of the company’s new shareholders will allow us to continue expanding our asset portfolio through organic growth and the acquisition of companies and activities in the sheltered housing industry.”
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