G City Plans Asset Sales Worth 6.1 Billion Shekels to Reduce Leverage by 2027
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Globes · 2 hours ago
What happened
G City is executing a strategic plan to sell 6.1 billion shekels in assets by 2027 to reduce leverage after a failed control sale deal. The company will focus on fewer markets, divesting Brazilian and some Polish and US rental properties, while improving operational efficiency. Despite challenges from currency effects and asset sales, G City raised its earnings forecast and plans a share buyback and dividend.
- 01G City plans to sell 6.1 billion shekels in assets by end of 2027 to reduce leverage.
- 02The company will exit Brazil and reduce rental housing holdings in Poland and the US.
- 03It aims to focus on commercial properties anchored by supermarkets in fewer territories.
- 04Debt-to-asset ratio remains high at about 66%, despite recent reductions.
- 05G City launched a share buyback offer at 11.5 shekels per share, up 11% from last price.
- 06Q2 NOI fell 13% due to currency effects and asset sales, but identical asset NOI rose 3.6%.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
