Income-producing real estate.
Netanel Menivim returned to accounting profit in 2025 through friendlier valuation and financing dynamics, but the recurring rental engine is still weak: NOI fell, FFO stayed negative, and liquidity remained tight.
At Park Tamar, the valuation anchor is current rent. The NIS 8.851 million figure in the appraisal is annual contracted rent, while the final appraised value of NIS 126.113 million sits only modestly above the NIS 124.4 million current value under the income approach.
After 2025, Netanel Menivim's immediate issue is still liquidity rather than an imminent covenant breach; the real test is rolling short-term bank debt and turning projects into cash on time.
