Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last 4,036
Change Today -36.00 / -0.88%
Volume 196.6K
As of 10:24 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

gazit globe ltd (GZT) Snapshot

Open
$4,099
Previous Close
$4,072
Day High
$4,115
Day Low
$4,031
52 Week High
03/24/15 - $5,352
52 Week Low
09/1/15 - $3,910
Market Cap
7.2B
Average Volume 10 Days
346.2K
EPS TTM
$1.28
Shares Outstanding
178.4M
EX-Date
09/30/15
P/E TM
31.6x
Dividend
$184.00
Dividend Yield
4.51%
Current Stock Chart for GAZIT GLOBE LTD (GZT)

gazit globe ltd (GZT) Related Businessweek News

No Related Businessweek News Found

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. Enters into Credit Facility Agreements with Two Foreign Banks

Gazit-Globe Ltd. reported that it has entered into credit facility agreements with two foreign banks in an aggregate amount of USD 284.5 million, and also that it intends to enter into an agreement with a local bank for the partial reduction of a credit facility, such that the Company’s credit facilities will not change in a material amount, as follows: On September 1, 2015, wholly-owned subsidiaries of the Company entered into two credit facility agreements with Citibank N.A., for a period of three years, in an amount of USD 170 million and CAD 52 million (in total, USD 210 million). The credit agreements replace the previous agreements between the aforementioned subsidiaries and Citibank, while extending their term and increasing the amount of the credit extended there under (prior to amending the credit facilities their overall amount was USD 85 million and CAD 52 million). The credit facilities bear interest at LIBOR or CDOR, plus a fixed spread. Moreover, the credit facilities are secured by a pledge on some of the subsidiaries’ shares held by the Company – Equity One Inc., First Capital Realty Inc., Citcon Oyj., which as of the date of execution the minimal pledge required shall be 9.2 million EQY shares, 7.0 million FCR shares, and 40.4 million CTY shares, as well as a guarantee from the Company and the wholly-owned subsidiaries (limited to the amount of the pledged shares). The agreement stipulates restrictions in relation to the maximum quantity of shares that may be pledged to secure the credit. Pursuant to the credit agreements, the ratio of the amount of the debt utilized under the facilities to the value of the collateral (based on average market value) shall not exceed 57.5% (in relation to the agreement in an amount of USD 170 million that is secured by the EQY and CTY shares) and shall not exceed 60% (in relation to the agreement in an amount of CAD 52 million that is secured by the FCR shares). In parallel, additional wholly-owned subsidiaries of the Company have entered into a credit facility agreement in an amount of USD 75 million with another foreign bank, for a period of 30 months, which is also secured by EQY, FCR andCTY shares. It should also be noted that, in parallel with entering into the aforementioned agreements, the Company is working with Bank Leumi LeIsrael Ltd. and a foreign bank owned by the latter (collectively, “Leumi”) to reduce its credit facility from Leumi (that is described in section 19.2.4 of the Company’s annual report for the year ended December 31, 2014). In the course thereof, the parties have contracted to revise the aforesaid credit facility agreement which is secured, in addition to other collateral, by a pledge on some of the EQY shares owned by the Company, representing the Company’s controlling interest in EQY, whereby the minimum quantity of EQY shares that the Company shall pledge in favor of Leumi has been reduced to 15% of the issued and paid-up share capital of EQY (17% on a fully diluted basis), instead of 20% on a fully diluted basis as prescribed in the original agreement. Once the credit line with Leumi has been reduced, the Company will issue an additional immediate report.

Gazit-Globe, Ltd. Invests NIS 125 Million to Launch Yavne Mall

Gazit-Globe, Ltd. is launching the G Yavne shopping mall at an investment of NIS 125 million. The mall contains 10,000 sq.m. of commercial space on three floors, and is expected to house 65 businesses. Rent in the mall will vary from NIS 120 to NIS 250 per sq.m., and revenue is projected to total NIS 16.5 million annually.

Gazit-Globe Announces Management Changes

Gazit-Globe announced that Mr. Adi Jemini has been appointed as the company's Chief Financial Officer and as a member of its Executive Committee, effective as of April 1, 2016, following a transition process. Mr. Jemini will succeed Mr. Gil Kotler, who is stepping down as the Company's EVP and CFO after 18 years of service. Mr. Jemini, 37, a Certified Public Accountant, has previously held several senior positions within the company. For the past three years he has served as Chief of Staff to the company's Chairman, Mr. Chaim Katzman. Prior to joining Gazit-Globe, Mr. Jemini served for seven years in a US affiliate of the global accounting firm Deloitte. Mr. Gil Kotler will step down as the Company's Senior Executive VP and Chief Financial Officer on 31 March 2016, after 18 years of dedicated service and following an orderly handover of his responsibilities to Mr. Jemini.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
GZT:IT 4,036.00 -36.00

GZT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for GZT.
View Industry Companies
 

Industry Analysis

GZT

Industry Average

Valuation GZT Industry Range
Price/Earnings -- Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GAZIT GLOBE LTD, please visit www.gazit-globe.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.