Income-producing real estate company.
Giron finished 2025 with higher asset values and a stronger balance sheet, but the main test has shifted from revaluation to whether that value can turn back into NOI, cash flow, and comfortable refinancing.
After Series V was repaid, Giron looks cleaner on covenants but tighter on liquidity. Funding headroom now rests mainly on strong equity and rollover capacity, not on a large cash cushion.
At Merkaz Sapir, value has already jumped to NIS 151.6 million, but 2025 NOI, only NIS 1.6 million, still does not provide operating support for that number. For now this is more a story of rights and future leasing than of proven current NOI.
