Profit surge and cash reserve of 813 million shekels: Isras real estate group reports record figures

The real estate group Isras reports strong financial results for the second quarter and the first half of 2026. At the center of the report is a surge in net profit attributable to shareholders, which grew by approximately 30% in the first half, totaling about 138.1 million shekels compared to 106.3 million shekels in the same period last year.

In the second quarter alone, net profit increased by approximately 28% to 55.9 million shekels. The growth in profitability was mainly due to an increase in real estate value following an agreement for the sale of land in Ashkelon, alongside an improvement in current operational results.

In its core business area, income-generating real estate, the company showed consistent growth; revenues from this sector increased by approximately 4.4% in the first half, totaling 287.2 million shekels, mainly thanks to the government housing agreement in Park Gisin in Petah Tikva, growth in the asset at Har Hotzvim in Jerusalem, and the impact of the index. The NOI index for the first half rose by 2.2% to 242.6 million shekels, with an average occupancy rate of 89%, while the AFFO remained stable at approximately 174.1 million shekels.

Alongside the improvement in profitability, Isras presents high financial robustness with a cash reserve that has swelled to approximately 812.9 million shekels, compared to about 661.7 million shekels at the end of 2025, partly thanks to a successful debt raising in Series K and income from the sale of real estate.

The company is currently in a phase of extensive development with approximately 119.1 thousand square meters of assets in stages of construction and advanced planning, with an estimated construction cost of about 917 million shekels, which are expected to yield, upon completion, a significant additional annual NOI of about 100 million shekels and serve as a major growth engine for the coming years.