Reit 1
REIT 1 Ltd., established in 2006 as Israel's first Real Estate Investment Trust (REIT), was created following the approval of REIT structures by Israeli authorities to enable broad public participation in large-scale commercial property investments. Based in Tel Aviv.
Reit 1: net income sharply down (−19.2%), sales up (+3.5%), cash flow sharply up (+15.9%).
- Net income sharply downFirst nine months 2026
Net income: ₪257M, vs. ₪318M a year earlier, i.e. −19.2%.
- Sales upFirst nine months 2026
Revenue: ₪394M, vs. ₪381M a year earlier, i.e. +3.5%.
- Cash flow sharply upFirst nine months 2026
Operating cash flow: ₪185M, vs. ₪160M a year earlier, i.e. +15.9%.
- Operating income downFirst nine months 2026
Operating income: ₪418M, vs. ₪467M a year earlier, i.e. −10.5%.
How the share reacted to the results
Results published on 12/11/2026 (report published on Maya). The reaction will be measured at the next close, from the closing price of 11/11/2026 (₪21.4). This box will be completed at the next update.
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 + 2026 year-to-date − 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.
Dividend per share, over 5 years
Total dividends per share paid each calendar year (5 year(s) out of 5 with a payment). Source: Yahoo Finance. The current year is not complete.
Trades by executives and interested parties
14 filing(s) over 12 months · on shares: 6 increase(s) and 2 decrease(s) in holdings.
| Date | Holder | Security | Direction | Quantity | Price | |
|---|---|---|---|---|---|---|
| 28/10/2026 | Reit 1 Management Ltd Interested party | Shares | Up | 77,915 | ₪21.57 | Maya › |
| 15/09/2026 | Dror Gad Director | Options | Down | 157,028 | ₪21.43 | Maya › |
| 08/09/2026 | Dror Gad Director | Options | Down | 160,000 | ₪22.90 | Maya › |
| 19/07/2026 | Reit 1 Management Ltd Interested party | Shares | Up | 74,172 | ₪21.99 | Maya › |
| 02/06/2026 | Migdal Insurance and Financial Holdings Ltd Institutional investor | Shares | Down | 4,475,322 | ₪23.47 | Maya › |
| 20/05/2026 | MEITAV DASH INVESTMENTS LTD Institutional investor | Shares | Up | 4,181,000 | — | Maya › |
| 14/05/2026 | Reit 1 Management Ltd Interested party | Shares | Up | 70,356 | ₪23.83 | Maya › |
| 16/02/2026 | Harel Insurance Investments & Financial Services Ltd Institutional investor | Shares | Up | 3,700,000 | ₪27.54 | Maya › |
| 09/02/2026 | Reit 1 Management Ltd Interested party | Shares | Up | 59,193 | ₪26.48 | Maya › |
| 06/02/2026 | Dror Gad Director | Options | Down | 100,000 | ₪28.80 | Maya › |
| 04/02/2026 | Shmuel Sayad Executive | Shares | Down | 200,000 | ₪27.95 | Maya › |
| 19/01/2026 | Dror Gad Director | Options | Down | 250,000 | ₪29.03 | Maya › |
Filings submitted on Maya (executives, directors, shareholders above 5%). An increase or decrease in holdings may come from a purchase or sale on the exchange, but also from a grant or exercise of options (price "—": grant with no price). Bonds excluded. For details, see the filing on Maya.
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Financial summary
| 9 months 2026 | 9 months 2025 | FY 2025 | |
|---|---|---|---|
| Total assets | 10,139 | 9,362 | 9,922 |
| Current assets | 121 | 87 | 454 |
| Non-current assets | 10,018 | 9,275 | 9,468 |
| Equity | 4,818 | 4,517 | 4,658 |
| of which minority interests | 63 | 56 | 59 |
| Current liabilities | 1,257 | 1,376 | 1,722 |
| Non-current liabilities | 4,065 | 3,469 | 3,542 |
| Revenue | 394 | 381 | 510 |
| Gross profit | 369 | 363 | 488 |
| Operating income | 418 | 467 | 679 |
| Pre-tax income | 261 | 320 | 502 |
| Net income | 261 | 320 | 502 |
| Net income (attributable to shareholders) | 257 | 318 | 497 |
| Dividends paid | 0 | 0 | −169 |
| Operating cash flow | 185 | 160 | 267 |
In millions of shekels. The "H1" columns cover the first six months of the year.
Calculated from these figures
| 9 months 2026 | 9 months 2025 | FY 2025 | |
|---|---|---|---|
| Gross margin | 93.5% | 95.2% | 95.7% |
| Operating margin | 106.0% | 122.5% | 133.2% |
| Net margin | 65.1% | 83.5% | 97.5% |
| Current ratio (current assets / current liabilities) | 0,1 x | 0,1 x | 0,3 x |
| Equity / total assets | 47.5% | 48.2% | 46.9% |
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
REIT 1 Ltd., established in 2006 as Israel's first Real Estate Investment Trust (REIT), was created following the approval of REIT structures by Israeli authorities to enable broad public participation in large-scale commercial property investments. REITs have been widely used globally since the 1960s, and REIT 1 owns and operates a portfolio of nearly 750,000 square meters located in attractive locations and submarkets throughout Israel. The company's shares trade on the Tel Aviv Stock Exchange under the ticker symbol RITI and are included in the Tel Aviv 125 and Tel-Div indices. REIT 1 is rated ilAA/Stable by Standard & Poor's Ma'alot.
Source: official company profile (Yahoo Finance), summary. Website: reit1.co.il
- Maya, Tel Aviv Stock Exchange: company page and reports