Hachsharat HaYishuv's profit jumped more than two-fold
The company's revenues in the first half of 2026 increased by 10%, driven by rental income from the Nimrodi Tower in Bnei Brak and the expansion of logistics parks in Europe. Net profit surged by 118% to 141 million shekels.
Hachsharat HaYishuv, which operates in the urban renewal sector, has reported its financial results for the second quarter and the first half of 2026. Net profit for the first half of the year surged by approximately 118%, reaching 141 million shekels compared to the same period last year. The Net Operating Income (NOI) for the half-year rose to 225 million shekels, while in the second quarter it increased by 15% to 100 million shekels.
Revenue for the first half of 2026 grew by 10% to 482 million shekels (compared to 439 million shekels a year earlier). This growth was driven by increased rental income from real estate in Israel, notably the 100% occupancy of the Nimrodi Tower in Bnei Brak, as well as the expansion of the logistics park portfolio in Europe and the delivery of 163 residential units in Poland.
In the second quarter of 2026, revenue grew by 19% to 235 million shekels. Net profit attributable to shareholders in the first half of the year jumped by more than 183%, reaching 68 million shekels. In the second quarter, this figure rose by 67% to 40 million shekels.
Ofer Nimrodi, CEO of Hachsharat HaYishuv, stated:
"We are concluding a strong first half of 2026 with continued growth in activity and a significant improvement in results. This reflects the maturation of our growth engines and the realization of our long-term strategy to develop assets in Israel and Europe."
In Israel, new income-generating assets are making a key contribution: the Nimrodi Tower in Bnei Brak has reached 100% occupancy, and the Seven Stars complex in Eilat is nearing full occupancy. The Seven Stars Mall in Herzliya also continues to show stable performance, bolstered by the opening of the 'Gravity' complex.
The company continues to advance new projects: construction of the 'Medical Center' tower in Bnei Brak is on schedule for 2027 occupancy, and efforts are underway to secure a building permit for the 'Yaakov Nimrodi Tower' (Beit Maariv) project in Tel Aviv. In the urban renewal sector, four projects are currently under execution, and approximately 100 apartments have already been sold in the 'Ir Galim' project in Kiryat Yam.
The logistics division, MLP, continues to expand its operations in Europe, with a 50% increase in rented space over the last three years and a total volume of built and planned logistics areas reaching 1.7 million square meters.
