QUOTE AND NEWS
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 ($68.3 million), versus 224 million, in the year-ago period. Its rental income fell 7% to 1.27...
Reuters  Feb 24  Comment 
Gazit-Globe, Israel's largest real estate investment company, may triple the scale of its presence in Brazil after declines in the country's currency and capital markets...
SeekingAlpha  Jan 18  Comment 
By Doc Mike: Realty Income (O) has been considered a cult income security for years. Safe net-leased portfolio of real estate, continuously increasing monthly dividend, attractive dividend yield and astute management are just some of the features...
SeekingAlpha  Jan 13  Comment 
By Doc Mike: Introduction: Gazit Globe (GZT) is one of the largest owners and operators of supermarket-anchored shopping centers in the world and an active player in the healthcare real estate sector in North America. It owns and operates assets...
Benzinga  Nov 20  Comment 
Gazit-Globe (NYSE: GZT) announced today that its Board of Directors has declared a quarterly cash dividend of NIS 0.43 per share of its common stock (~U.S.$ 0.12), payable on December 30, 2013 to stockholders of record on December 16, 2013. The...
Benzinga  Nov 20  Comment 
Israel's Gazit-Globe (NYSE: GZT) reported a rise in its third-quarter profit. Gazit-Globe's quarterly earnings surged to 334 million shekels ($95 million), from 187 million, in the year-ago period. Its rental income dropped 7% to 1.25...
Benzinga  Oct 9  Comment 
Gazit-Globe (NYSE: GZT) announced today that it has applied to list its ordinary shares for trading on the Toronto Stock Exchange (the "TSX"). Gazit-Globe has received the conditional approval of the TSX for the listing, subject to a number of...
Benzinga  Aug 28  Comment 
Gazit-Globe (NYSE: GZT), one of the world's leading multi-national real estate companies focused on acquisition, development and redevelopment of supermarket-anchored shopping centers in major urban markets, announced today that it has entered...




 
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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki