TEL AVIV, Israel, March 25, 2021 /PRNewswire/ —
Financial Highlights for Q4/2020 and FY-2020
- NOI in Q4/2020 totaled NIS 224 million, compared with NIS 408 million in the same quarter last year. The NOI in 2020 totaled NIS 1,214 million, compared with NIS 1,611 million last year. The decrease derives from the lockdowns imposed during the year, as a result of which the malls were closed for 40% of days in 2020. In the offices segment, a very slight 4% decrease was recorded in the NOI, which derived mainly from a decrease in income from parking garages. In 2020, the offices segment recorded a 1% increase.
- FFO excluding senior housing totaled NIS 152 million in Q4/2020, compared with NIS 286 million in the same quarter last year. The total FFO totaled NIS 213 million compared with NIS 314 million in the same quarter last year. The FFO excluding senior housing in 2020 totaled NIS 878 million, compared with NIS 1,160 million last year. The total FFO in 2020 totaled NIS 999 million, compared with NIS 1,313 million last year. The decrease derives from the lockdowns imposed during the year. Part of the decrease in the quarter was offset by dramatic growth in the FFO from senior housing operations, mainly due to the occupancy of the new home in Lehavim.
- The Company reported a loss attributable to shareholders of NIS 30 million in Q4/2020. The net profit in 2020 totaled NIS 184 million, compared with NIS 2,097 million last year. The decrease in profit derives mainly from fair…
