Owns & operates shopping malls & commercial centers.
Melisron has reached the point where the retail core no longer explains the whole story on its own. Operations are still very strong, but the thesis has shifted to whether the office and housing pipeline can be converted into NOI, FFO, and cash without net debt becoming material…
Aviv Melisron has already become material to Melisron’s capital allocation and future revenue base, but as of year-end 2025 most of the economics still sits in backlog, sold-but-undelivered apartments, and metrics that are not NOI. The big story is no longer whether housing has…
Melisron exited 2025 with a strong income-producing core, but actual capital-allocation room was much tighter than the AFFO headline suggests. After NIS 582 million of investment spending, NIS 360 million of dividends, and a NIS 229 million parking-space loan, net debt excluding…
Melisron’s next office layer is real, but only part of it is already supported by leases. Landmark B is the near-term anchor, while most of the planning-stage layer still depends on execution, leasing and funding.
