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
By דותן לוי
First reported by Globes · Aug 23, 2026
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 2026Aug 19, 2026Anashim Ha'Ir Reports Profit Surge in Q2 Following Menarav Deal and Project ProgressAug 25, 2026Ashtrom Group Reports 115 Million Shekel Loss Amid Housing Market SlowdownAug 26, 2026Damari Reports Higher Apartment Sales in Q2 2026 Despite Project SetbacksAug 20, 2026Tadiran Reports Strong Sales Growth in First Half of 2026 Despite Five Contract CancellationsAug 24, 2026Azorim and Egged Real Estate to Build 117-Unit Mixed-Use Project in Beit ShemeshJun 22, 2026