Economy · Full coverage
Azorim Reports 318 Million Shekels Revenue and Increased Cancellations in Q2 2026
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Globes · 4 hours ago
What happened
Azorim sold 55 apartments in Q2 2026, generating 318 million shekels in revenue despite a rise in cancellations. Net profit surged to 54 million shekels in Q2, with ongoing projects totaling nearly 5,000 units. CEO Adi Dana highlighted improving market conditions and operational performance.
- 01Azorim sold 55 apartments in Q2 2026, up from 35 in Q1, with 4 cancellations reducing net sales to 51.
- 02Q2 revenues from apartment sales reached 318 million shekels, up from 120 million in Q1 but below Q2 2025.
- 03Net profit rose sharply to 54 million shekels in Q2 from 21 million in Q1 2026.
- 04Cancellations totaled 15 contracts worth 48 million shekels in H1, mostly in Q1, with high cancellation rates in Tel Aviv.
- 05Average apartment price increased to 4.25 million shekels in H1 2026 from 3.47 million shekels last year.
- 06Azorim has 23 projects underway with over 4,900 units, including 12 urban renewal projects.
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.
Related stories
Azrieli Group Reports Higher Mall Revenues but Net Profit Drops Sharply in Q2 20264 days agoDamari Reports Higher Apartment Sales in Q2 2026 Despite Project Setbacks3 days agoAzorim and Egged Real Estate to Build 117-Unit Mixed-Use Project in Beit ShemeshJun 22, 2026Acro Reports 42 Apartment Sales and 20 Million Shekel Net Profit Ahead of Merger with Israel Canada4 days agoTorpaz Reports Record Quarter with Strong Revenue Growth but Operational Profitability Concerns Weigh on StockAug 11, 2026Africa Housing Increases Apartment Sales Despite Market SlowdownAug 13, 2026