Financial reports: 121 apartments for 333 million shekels
Rothstein Nadlan summarizes the second quarter of 2026: The company reports the sale of 121 apartments in the first half of the year. In the field of urban renewal, the company reports about 15,000 housing units that are in various stages of business development.
Rothstein Nadlan summarizes the second quarter of 2026: Revenues in the second quarter of 2026 grew by approximately 20% to a total of about 144 million shekels, compared to about 120 million shekels in the corresponding quarter in 2025. The increase in revenues is attributed both to the rise in revenues from sales and to a sharp increase in revenues from providing construction services.
The company has land reserves that are in planning stages (pre-marketing) for the construction of about 13,300 housing units, the company's share of which is about 7,100 housing units, alongside rights to build about 150,000 square meters of commercial, office, and logistics space. Furthermore, in the field of urban renewal, the company has about 15,000 housing units that are in various stages of business development in a number of projects, most of which are expected to begin construction by 2032.
The company sold 121 housing units in the first half of the year for a total monetary volume of about 333 million shekels, compared to 149 apartments in the corresponding period last year. As of the end of the quarter, the company is executing and marketing projects including about 4,000 housing units, of which about 1,700 housing units are the company's share (of which 700 units were sold). By the end of 2027, the company is expected to launch the marketing of about 3,600 housing units (the company's share is 1,958 units) in a variety of projects that will increase the inventory available for sale.
Avishai Ben-Haim, CEO of Rothstein:
«We are summarizing the first half of 2026 with significant business progress in the company's areas of activity. We are approaching a significant expansion of activity volumes with the launch of marketing for about 3,600 housing units (1,960 housing units are the company's share) by the end of next year, thereby significantly increasing the inventory available for sale. At the same time, we are presenting today a sharp increase in revenues from construction work execution, as we identify this field, which we entered last year, as a real growth engine with the potential for a significant increase in the backlog of work in the field.»
