QUOTE AND NEWS
StreetInsider.com  7 hrs ago  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Gazit-Globe+%28GZT%29+Enters+%2432M+Common+Stock%2C+Warrants+Private+Placement/9865670.html for the full story.
Benzinga  Sep 18  Comment 
Below are the real estate development stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Brookfield Asset Management (NYSE: BAM) is $20.81 billion. Brookfield Asset Management's operating margin for the...
SeekingAlpha  Sep 2  Comment 
By SA Transcripts: Gazit-Globe Ltd. (NYSE:GZT) Q2 2014 Earnings Conference Call September 2, 2014 10:00 AM ET Executives Dori Segal – Executive Vice Chairman Roni Soffer – President Gil Kotler – Senior Executive Vice...
Reuters  Sep 1  Comment 
Gazit-Globe, Israel's largest real estate investment company, reported higher quarterly profit after the year ago period was hurt by one-time expenses.
Wall Street Journal  Jun 27  Comment 
Israel's Gazit-Globe plans to expand in Brazil by looking to add up to three new commercial centers in the São Paulo metropolitan area before the end of the year.
Reuters  Jun 8  Comment 
Gazit-Globe, Israel's largest real estate investment firm, said on Sunday its wholly owned subsidiary ProMed Properties sold five medical office buildings in the United...
Reuters  May 28  Comment 
Gazit-Globe, Israel's largest real estate investment company, reported lower quarterly profit due to higher revaluations of investment properties in the year-earlier...
Benzinga  Mar 26  Comment 
Israel's Gazit-Globe (NYSE: GZT) reported a gain in its fourth-quarter profit. Gazit-Globe's quarterly earnings rose to 238 million shekels ($68.3 million), versus 224 million, in the year-ago period. Its rental income fell 7% to 1.27...
Reuters  Feb 24  Comment 
Gazit-Globe, Israel's largest real estate investment company, may triple the scale of its presence in Brazil after declines in the country's currency and capital markets...




 
TOP CONTRIBUTORS

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
  2. GZT F-1/A 2011 PROSPECTUS SUMMARY "SELECTED CONSOLIDATED FINANCIAL DATA" pp. 43-44
  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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