Income-producing real estate company.
Gabay Menivim enters 2026 with a larger real-estate balance sheet, but also with less cash and with a heavy dependence on new assets and future rights actually turning into rent, apartment deliveries and stable refinancing support.
Sky Center already carries a NIS 195.8 million balance-sheet value at the end of 2025, but the number that can actually become recurring rent is roughly NIS 16.6 million a year gross, and only after delivery and lease-up. For now, this is still mostly future value waiting to tur…
January 2026 bought Gabay Menivim time by refinancing Series Y, but it did not create a broad liquidity cushion. Covenants still look passable on paper, while cash, operating burn and the maturity schedule show that the real room remains narrower.
