Infrastructure & real estate development company.
Shikun & Binui moved in 2025 from a deep-loss year to a genuine operating recovery, but the stock still hinges on whether earnings can turn into cash under a heavy debt structure and a clear parent maturity schedule.
Shikun REIT can become a value-unlocking layer for rental housing only if it gives the market a separate way to price the Sde Dov pipeline, which is the center of the growth story, rather than only the two active assets that already generate NOI. For now, this is still a non-bin…
At Shikun & Binui, backlog explains the scale of activity and part of the future earnings base, but cash first runs through investment, working-capital absorption and project debt, so the real test remains how much cash is actually released to the parent against the parent bond…
