Amram Avraham Sells Nearly 800 Homes, Launches US Sales Division
Translated & summarized from Israel Hayom by baba
The Amram Avraham Group announced it has sold nearly 800 housing units since the start of 2026 and is advancing over 4,600 units. The company also launched a new division, "Amram Avraham Global," to market properties to the Jewish community abroad. Revenues reached approximately NIS 774 million with over 20% gross profit margin. The company is also developing 70 urban renewal projects and has a projected unrecognized gross profit backlog of NIS 2 billion.
The story in 6 lines · by baba
- Amram Avraham Group sold 794 housing units since the start of 2026.
- The company launched "Amram Avraham Global" to market to Jewish buyers abroad.
- Revenues reached NIS 774 million with over 20% gross profit margin.
- The company is advancing 4,640 housing units and expects permits for 2,572 more.
- Amram Avraham has a projected unrecognized gross profit backlog of NIS 2 billion.
- Company employees performed 3,000 reserve duty days since October 7th.
The Amram Avraham Group has sold approximately 794 housing units since the beginning of 2026, the company announced Thursday at an investor conference in Tel Aviv. The company is currently advancing 4,640 housing units in execution and expects to receive building permits for an additional 2,572 units in the coming year. The company is also involved in 70 urban renewal projects at various planning stages, alongside 37 other projects. In income-generating real estate, Amram Avraham holds 9 projects, with 3 more under construction, and is planning for 1,120 hotel rooms.
CEO Noam Greif stated that the company is proceeding with its work plan, selling close to 800 units this year and continuing to develop growth engines including tenders, urban renewal, and income-generating real estate encompassing commerce, logistics, and hospitality. He noted that most of their residential activity is in the periphery, targeting the middle market with strong demand, which supports their sales pace. Greif highlighted the company's integrated approach as a developer and contractor, controlling the entire value chain from planning to delivery, ensuring better product and cost control.
Greif also revealed the launch of a new division, "Amram Avraham Global," aimed at serving the Jewish community abroad seeking a range of apartments from luxury to those priced around NIS 2-3 million. He added that company employees have collectively performed approximately 3,000 reserve duty days since October 7th.
Yosef Gonen, Deputy CEO and CFO, reported that the company's financial results reflect its stability and continued growth, with revenues of approximately NIS 774 million year-to-date and a gross profit margin exceeding 20%. These results were influenced by accounting gains from revaluation of an affiliate and the progress of projects from planning to execution. Gonen mentioned a projected unrecognized gross profit backlog of about NIS 2 billion, expected to be reflected in future results as projects advance, including those under the "Price for the Resident" program which offer high marketing certainty.
Gonen also commented on market conditions, stating they present numerous business opportunities. The company maintains a selective investment policy, focusing on projects with a projected gross profit margin of at least 20% to ensure sustained, profitable growth.
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