HIRON

Hiron: What Is Still Open in the Old Wood-Customer Debt Settlement

Recognizing the Lod asset resolved the easier part of the old debt settlement, but it did not close the case. At the end of 2025 a specific provision of NIS 7.013 million still remained, while the Tel Aviv-Jaffa property rights were still tied to compensation negotiations, so th…

Follow-up

Hiron: Does the Modi'in Deal Add Yield or Just Pull More Short Credit

The Modi'in acquisition adds a fully occupied property and visible annual income, but on the disclosed numbers it looks more like a reasonable gross-yield purchase leaning on short credit than like a transaction that obviously creates immediate excess return.

Follow-up

Hiron: How Much of Equity Really Depends on the Cap Rate

On a gross basis, Hiron carries a NIS 75 million to NIS 88 million value layer that depends on only a 0.5% move in cap rate. That does not wipe out equity, but it does mean part of the stronger balance-sheet read in 2025 rested on appraisal rather than cash, and most of that sen…

Hiron 2025: NOI Held Up and Property Values Rose, but 2026 Will Be Judged on Cash, Dividends, and Modi'in

Hiron owns a strong property portfolio and carries very low leverage, but 2026 will be judged mainly on whether accounting value and reported profit are translated into real cash after Modi'in and continued distributions.