Mishorim

Income-producing real estate in israel & us.

Sector: Investment-Properties AbroadMarket cap: NIS 158M
All analyses

Analyses on Mishorim (1)

Mishorim 2025: Operating Profit Recovered, but 2026 Is a Liquidity Test

Mishorim enters 2026 with better operating performance, but the decisive question is whether disposals, seller-loan collections, and refinancing can close the liquidity gap that opened in the balance sheet.

March 26, 2026
Follow-up dives

Follow-up dives on Mishorim (3)

Follow-up

Mishorim: Do the 2026 Disposals Really Release Cash to the Parent

The 2026 disposals improve Mishorim's flexibility, but not in the full headline amount: USD 24.45 million of signed transactions compresses into USD 7.5 million of disclosed net cash or free cash flow, and only USD 4 million of that is framed directly at the company level while…

March 26, 2026
Follow-up

Mishorim: Skyline Between Bank Waivers and the Next Refinancing Cycle

The Cleveland bank waiver and the December 31 shareholder-loan amendment pushed Skyline's pressure point forward, but they did not solve it: liquidity headroom remains narrow, roughly NIS 122 million of Cleveland debt still sits in current liabilities, and the group still enters…

March 26, 2026
Follow-up

Mishorim: How Much Cash Value Is Really Embedded in the Seller Loans

Mishorim's seller loans are not a cash cushion of ILS 94.1 million. They are a split real-estate credit book in which more than half of gross exposure has already been cut through expected credit losses, Port McNicoll is still stuck in collection, Bear Valley is gone, and Golf C…

March 26, 2026