SeekingAlpha  May 26  Comment 
Reuters  May 26  Comment 
Gazit-Globe, Israel's largest real estate development company, swung to a net loss in the first quarter due to a revaluation of the company's financial derivatives.
SeekingAlpha  Mar 31  Comment 
Reuters  Mar 31  Comment 
Gazit-Globe, Israel's largest real estate development company, moved to a net profit in the fourth quarter, helped by a rise in rental income.
Reuters  Mar 2  Comment 
Israeli real estate developer Gazit-Globe said on Wednesday it has decided to terminate a process to sell its shopping centres in Israel after receiving an offer that...
Benzinga  Jan 6  Comment 
Gazit-Globe (NYSE: GZT) announced today the sale of 6.5 million shares of First Capital Realty (FCR) representing approximately 2.9% of the total outstanding shares of common stock of FCR. The shares were sold on the Toronto Stock Exchange at a...
Benzinga  Dec 31  Comment 
Gazit-Globe (NYSE: GZT) announced today the closing of its public offering of 17.0 million shares in Israel on the Tel Aviv Stock Exchange at a price of NIS 35.5 per share (approximately US$ 9.1 per share). The gross proceeds to the company were...
Benzinga  Oct 18  Comment 
Gazit-Globe (NYSE: TSX) announced today that it has reached (through wholly-owned subsidiary active in Brazil) a 5.16% stake in BR Malls, the leading Brazilian shopping center company. BR Malls is a public company traded on the Brazilian stock...
Benzinga  Aug 24  Comment 
Gazit-Globe (NYSE: GZT) announced today 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...


Gazit-Globe (NYSE:GZT) owns and leases supermarket-anchored shopping centers. Gazit-Globe is one of the largest owners of such real estate and has properties across dozens of countries. The company focuses on purchasing properties in countries with stable GDPs and in relatively dense regions. Gazit-Globe believes that the supermarket-anchored properties lower risk by ensuring a constant high traffic. The company makes money from rent payed by companies which lease its properties[1]

Business Overview

For the full year 2010, Gazit-Globe reported a total revenue $4.6B. This was an increase from the $4.1B reported in 2009. The company also reported a net income of $1.6B in 2010 and $.7B in 2009.[2]

New Updates

The company's initial public offering of stock on the NYSE occurred on December 13, 2011. The company offered 9M shares each for $9. The company had originally announced that it would sell 12M shares. The final deal raised a total of $81M. The lead managers of the deal were Citi and Deutsche Bank.[3]

Trends & Forces

Dependence on the Global Real Estate Market

Because Gazit-Globe's assets consist of real estate shopping properties, the company's value rests crucially on the real estate market. A general decline in prices will make it harder for the company to sell and liquidate assets to generate cash flows without recording a net loss. By contrast, if the real estate market outperforms, Gazit-Globe will generate both revenue from leases and through the sale of its assets.[4]

  1. GZT F-1/A 2011 PROSPECTUS SUMMARY "Overview" pp. 1-2
  3. Renaissance Capital - IPO Home "Gazit-Globe prices downsized US IPO" 14 Dec 2011
  4. GZT F-1/A 2011 PROSPECTUS SUMMARY "Risk Factors" pp. 14-17
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