Airport City
Airport City Ltd., together with its subsidiaries, engages in leasing, development, and management of real estate properties in Israel, France, Spain, the Netherlands, and Germany. Based in Petah Tikva.
Airport City: net income down (−6.0%), sales stable (−1.3%), cash flow sharply up (+62.3%).
- Net income downH1 2026
Net income: ₪339M, vs. ₪360M a year earlier, i.e. −6.0%.
- Sales stableH1 2026
Revenue: ₪555M, vs. ₪562M a year earlier, i.e. −1.3%.
- Cash flow sharply upH1 2026
Operating cash flow: ₪323M, vs. ₪199M a year earlier, i.e. +62.3%.
- Operating income sharply upH1 2026
Operating income: ₪573M, vs. ₪497M a year earlier, i.e. +15.5%.
What the market pays, vs. the sector
This company's valuation multiples history is being built day by day from now on.
P/E calculated on net income (trailing 12 months: last fiscal year + H1 2026 − same period a year earlier). Sector median: companies in the group tracked here. Prices: Yahoo Finance; market cap cross-checked with the Tel Aviv Stock Exchange for Israeli stocks. These ratios describe a price, not a value: none of them says whether the share is expensive or cheap.
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Financial summary
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Total assets | 19,879 | 18,979 | 20,111 |
| Current assets | 3,288 | 2,670 | 3,591 |
| Non-current assets | 16,590 | 16,309 | 16,521 |
| Equity | 10,431 | 10,278 | 10,545 |
| of which minority interests | 235 | 209 | 221 |
| Current liabilities | 1,658 | 1,416 | 1,592 |
| Non-current liabilities | 7,790 | 7,285 | 7,974 |
| Revenue | 555 | 562 | 1,149 |
| Gross profit | 444 | 418 | 834 |
| Operating income | 573 | 497 | 1,118 |
| Pre-tax income | 431 | 448 | 975 |
| Net income | 355 | 377 | 788 |
| Net income (attributable to shareholders) | 339 | 360 | 758 |
| Dividends paid | 0 | 0 | 0 |
| Operating cash flow | 323 | 199 | 579 |
In millions of shekels. The "H1" columns cover the first six months of the year.
Calculated from these figures
| S1 2026 | S1 2025 | FY 2025 | |
|---|---|---|---|
| Gross margin | 80.0% | 74.4% | 72.6% |
| Operating margin | 103.4% | 88.4% | 97.3% |
| Net margin | 61.1% | 64.1% | 66.0% |
| Current ratio (current assets / current liabilities) | 2,0 x | 1,9 x | 2,3 x |
| Equity / total assets | 52.5% | 54.2% | 52.4% |
The 5-year history, charts and cross-check models are coming for companies listed only in Tel Aviv: each new filing on Maya is kept and enriches the page.
Company overview
Airport City Ltd., together with its subsidiaries, engages in leasing, development, and management of real estate properties in Israel, France, Spain, the Netherlands, and Germany. It operates through two segments, Property Rental and Management; and Construction of Buildings for Sale. The company initiates, locates, plans, constructs, leases, manages, and maintains properties intended for rental for various uses; and is involved in the development, construction, and marketing of residential units. It also operates real estate assets, such as central stations, including public transportation areas leased to transportation operators and commercial areas; commercial space for marketing, located mainly in shopping malls and shopping centers, and in power center complexes. In addition, the company engages in the operation of offices, gas stations, parking lots, as well as industry and storage for garages, storage buildings, industrial plants, and crafts purposes.
Source: official company profile (Yahoo Finance), summary. Website: www.airport-city.co.il
- Maya, Tel Aviv Stock Exchange: company page and reports
No dividend paid over the past five years (source: Yahoo Finance).