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Last C$15.27 CAD
Change Today 0.00 / 0.00%
Volume 0.0
GZT On Other Exchanges
Symbol
Exchange
Tel Aviv
New York
As of 3:59 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

gazit globe ltd (GZT) Snapshot

Open
C$15.55
Previous Close
C$15.27
Day High
C$15.55
Day Low
C$15.27
52 Week High
03/24/15 - C$16.70
52 Week Low
12/19/14 - C$12.91
Market Cap
2.7B
Average Volume 10 Days
358.5
EPS TTM
--
Shares Outstanding
178.4M
EX-Date
04/2/15
P/E TM
--
Dividend
C$185.24
Dividend Yield
3.65%
Current Stock Chart for GAZIT GLOBE LTD (GZT)

gazit globe ltd (GZT) Related Businessweek News

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gazit globe ltd (GZT) Details

Gazit-Globe Ltd., through its subsidiaries, acquires, owns, develops, operates, and redevelops supermarket-anchored shopping centers and retail properties in North America, Europe, Israel, and Brazil. It also owns and operates medical office buildings in the United States, as well as develops and constructs primarily residential projects in Israel and Eastern Europe. As of December 31, 2014, the company owned and operated 524 properties with a gross leasable area of approximately 6.3 million square meters in approximately 20 countries. Gazit-Globe Ltd. was incorporated in 1982 and is headquartered in Tel Aviv, Israel.

1,833 Employees
Last Reported Date: 03/25/15
Founded in 1982

gazit globe ltd (GZT) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 3.2M
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: 2.4M
Chief Executive Officer of EQY
Total Annual Compensation: 3.5M
President of Equity One
Total Annual Compensation: 5.3M
Executive Vice Chairman and Member of Investm...
Total Annual Compensation: 2.8M
Compensation as of Fiscal Year 2014.

gazit globe ltd (GZT) Key Developments

Gazit-Globe, Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Declares Quarterly Cash Dividend, Payable on April 14, 2015

Gazit-Globe, Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s rental income decreased by 1% to ILS 1,259 million compared to ILS 1,269 million in the same quarter last year. The decrease mainly results from asset sales during 2014 in the amount of ILS 2.7 billion. The decrease was offset by income from properties whose development has been completed, income from the operation of additional assets acquired during 2014 and an increase of income from existing assets. NOI for the quarter decreased by 2% to ILS 840 million compared to ILS 855 million in the same quarter last year. The decrease is mainly a result of asset sales during 2014. FFO for the quarter decreased by 8% to ILS 135 million, or ILS 0.76 per share, compared to ILS 147 million, or ILS 0.84 per share, in same quarter last year. Loss attributable to the company's shareholders totaled ILS 217 million or ILS 1.25 per share, compared to net income of ILS 224 million, or ILS 1.27 per share, in the same quarter last year. The loss mainly derives from an accounting loss resulting from marking-to-market financial derivatives in the amount of ILS 338 million compared to a net income of ILS 142 million in the same quarter last year. Cash flow from operating activities totaled ILS 304 million, compared to ILS 639 million in the fourth quarter 2013. The decrease in cash flow is derived from timing differences between the periods as well as the termination of currency transaction SWAPs in the fourth quarter of 2013. For the year, the company reported rental income of ILS 4,913 million against ILS 5,146 million a year ago. Net operating rental income was ILS 3,329 million against ILS 3,457 million a year ago. Operating income was ILS 3,446 million against ILS 4,086 million a year ago. Income before taxes on income was ILS 1,488 million against ILS 2,450 million a year ago. Net income attributable to equity holders of the company was ILS 73 million or ILS 0.39 per diluted share against ILS 927 million or ILS 5.35 per diluted share a year ago. Rental income decreased by 5% compared to NIS 5,146 million in 2013. The decrease is mainly a result of the decrease in average exchange rates of the US Dollar, Canadian Dollar and Euro against the ILS as well as asset sales during the year 2013 and 2014 in the amount of ILS 5.4 billion. The decrease was offset by income from properties whose development has been completed, income from the operation of additional assets acquired during 2013 and 2014 and an increase of income from existing assets. Excluding the effect of changes in exchange rates, rental income decreased by 1% compared to 2013. NOI for the year decreased by 4% to ILS 3,329 million compared to ILS 3,457 million in 2013. Excluding the effect of changes in exchange rates, NOI remained stable compared to 2013. FFO for the year increased by 2% to ILS 598 million, or ILS 3.39 per share, compared to ILS 585 million or ILS 3.41 per share, in 2013. The number of shares grew by 3% between the periods. Excluding the effect of changes in exchange rates, FFO increased by 8% and FFO per share increased by 5% compared to 2013. Cash flow from operating activities totaled ILS 1,026 million, compared to ILS 1,189 million in 2013. The decrease in cash flow from operating activities is primarily due to higher negative cash flow in its construction activity in 2014. The company declared a quarterly cash dividend of ILS 0.46 per share payable on April 14, 2015 to shareholders of record as of April 7, 2015, which represents an annualized dividend per share of ILS 1.84. The dividend policy for 2015 is a minimum quarterly dividend payment of ILS 0.46 per share, representing an increase of 2.2% over the 2014 dividend.

Gazit-Globe Seeks Acquisitions

Roni Soffer, President of Gazit-Globe, Ltd. (TASE:GZT) said in the fourth quarter earnings call, "We believe that there is a business opportunity in this market, and we hope to be able to grow our portfolio by selective acquisition and development/redevelop activity in the coming years."

Gazit-Globe, Ltd., Q4 2014 Earnings Call, Mar 24, 2015

Gazit-Globe, Ltd., Q4 2014 Earnings Call, Mar 24, 2015

 

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