CITRUS PLA

Mattei Hadar: Why The 2025 FFO Does Not Mean What It Seems To Mean

Mattei Hadar’s 2025 FFO strips out the real-estate revaluation, but not the Beit Dagan event. That is why NIS 25.533 million looks like income-producing real-estate profit even though NOI stayed at only NIS 1.035 million and cash flow from operations remained negative at NIS 1.3…

C

Follow-up

Mattei Hadar: Kfar Yona, Why A Nearly 50 Million Shekel Land Position Still Produces Negligible Rent

Kfar Yona is almost entirely a planning-value asset: at the end of 2025 it was carried at 49.859 million shekels, while annual rent was only 15 thousand shekels and NOI only 4 thousand. The value does not rest on current yield. It rests on planning expectation that still lacks f…

C

Follow-up

Mattei Hadar: Beit Dagan, How Much Of The Value Is Already Accessible And How Much Still Depends On The Israel Land Authority

Beit Dagan created real value in 2025, but only part of it already looks like accessible cash. By the end of 2025, about NIS 15.638 million tied to plot B had been received in gross cash, and roughly NIS 11.242 million remained after the disclosed taxes paid, while the next laye…

C

Mattei Hadar in 2025: Beit Dagan made the headline, the rent base still has not caught up

Mattei Hadar looks much richer in 2025, but not much more income-producing. The 38.0 million shekel net profit and 25.5 million shekel FFO were driven mainly by the Beit Dagan land return and by land revaluations, while the recurring rent base remained only about 1.1 million she…

C