Azrieli Group Ltd (AZRG.TA)

Azrieli Group Releases Q2/2023 Results

NOI in Q2 is up 18% year-over-year, totaling some NIS 559 million Same Property NOI in Q2 is up around 8% FFO (excluding senior housing) in Q2 is up 11% totaling some NIS 342 million. Total FFO is up 8% totaling some NIS 357 million Towards the end of Q2, the Company reported the sale of its holdings in Compass for a gross consideration of approx. NIS 3.2 billion. Upon the closing of the transaction, the cash flow profit on the investment (before tax and transaction expenses) is expected to be a