The company operates in real estate development and construction.
BSR enters 2026 with the equity base, cash balance, and funding access of a broader real estate platform, but 2025 profit and cash flow still leaned on Beit Shemesh, Vertical, and fresh equity and debt. The next test is whether backlog, management fees, and yielding assets start…
The revised Shop Time deal gives BSR a smaller ownership slice but a clearer economic package: current parking NOI, narrower development upside, and a management-fee layer on top of the equity exposure.
BSR ended 2025 with NIS 47.6 million of net profit and NIS 254.9 million of cash, but earnings quality still leaned mainly on Beit Shemesh, Vertical, profit distributions, and external capital. The consolidated business on its own has not yet proven that it can generate both rec…
Vertical already justifies part of the value sitting inside BSR, because Phase A has a full permit, financing was expanded and the appraisal has almost returned to the level already implied by the Clal transaction. But most of the 2025 contribution still looks like appraisal upl…
