19,990.00
+2.46%
Close of 9 Nov 2026, in ILA
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About Africa Israel Residences
Its shares trade on Tel Aviv under the ticker AFRE.TA. It has been listed since 1 June 2006. In the fiscal year to 31 December 2024, it reported revenue of ILS 966.5m and net income of ILS 217.9m. At that date it held total assets of ILS 4.58bn and shareholders' equity of ILS 1.63bn.
Africa Israel Residences Ltd. engages in development and management of real estate properties. The firm's activities focus on initiating and constructing residential neighborhoods. The stages of land development include locating and acquiring the property, planning residential neighborhoods, handling the licensing procedures for surrounding infrastructure and development, houses and apartments interior design, setting building standards, constructing the project, marketing and selling the residential units, developing the surroundings, carrying out the parcel divisions, and registering the properties in the names of the owners. Africa Israel Residences Ltd. has two fully owned subsidiaries: Tzvi Yabetz & Partners Ltd. and Madan Carmel Ltd.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Real Estate Management & Development
- Listed since
- 1 Jun 2006
- Employees
- 61
Leadership
Pay as last reported
- Mr. Avinadav GrinshponChairman of the Board, since 2007
- Mr. Oren HodChief Executive Officer
- Aharon FrenkelChief Financial OfficerILS 1.0m
- Ms. Liat Danino-IsraeliVice President of Marketing
- David SoketVice President of Planning and Head ArchitectILS 836,000
- Keren DanielController
- Mr. Amichay FaivelInternal Auditor
- Michael KleinChief Engineering Officer
- Mr. Amir DoronDirector
- Ronen GinzburgDirector
- Mr. Shmuel MessenbergDirector
- Mr. Avraham NovogrockiDirector, since 2012
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Africa Israel Residences Ltd. develops residential neighborhoods in Or Yehuda with 61 employees.
- Tzvi Yabetz & Partners Ltd. and Madan Carmel Ltd. are fully owned subsidiaries supporting real estate projects.
- The company handles all stages from land acquisition to property registration in Israel.
Weaknesses
- Africa Israel Residences Ltd. has only 61 employees, which may limit project scale.
- The company focuses solely on residential neighborhoods without diversification.
- No mention of international projects or global expansion strategies.
Opportunities
- Expanding residential development in Or Yehuda could leverage local market demand.
- Subsidiaries Tzvi Yabetz & Partners Ltd. may enhance project execution capabilities.
- Growing real estate demand in Israel presents opportunities for new developments.
Threats
- Limited employee count of 61 may hinder rapid response to market changes.
- Overreliance on residential projects without commercial or industrial segments.
- No indication of strategies to mitigate economic downturns in real estate.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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