Azrieli Group (AZRG.TA) Stock Price

Azrieli Group Price

TASE·CLOSED
42,450.00ILS
Market closed

Revenue at Azrieli Group has contracted by 5.2% per year over the past 16 years to 3.28 B ILS. Earnings per share have grown at 3.7% per year over the last 16 years. For Azrieli Group, the net margin of 45% is up versus 10.5% a few years ago. At today's price the dividend yield works out to roughly 0.02%. The payout ratio is around 68% of earnings. The dividend has grown at 11.6% per year over the past 13 years.

Azrieli Group stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Azrieli Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Azrieli Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Azrieli Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Azrieli Group Stock Price History
DateAzrieli Group Price
Access this data via the Eulerpool API

Azrieli Group Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2020
1.8 B ILS
1.03 B ILS
189 M ILS
Jan 1, 2021
2.21 B ILS
1.36 B ILS
2.89 B ILS
Jan 1, 2022
2.69 B ILS
1.88 B ILS
1.8 B ILS
Jan 1, 2023
2.94 B ILS
2.97 B ILS
2.23 B ILS
Jan 1, 2024
3.28 B ILS
1.99 B ILS
1.48 B ILS
Invalid Date
3.01 B ILS
2.28 B ILS
1.52 B ILS
Invalid Date
3.44 B ILS
2.63 B ILS
2.14 B ILS
Invalid Date
3.68 B ILS
2.86 B ILS
2.34 B ILS

Azrieli Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 7, 2026, 1:21 PM
 
REVENUE (B ILS)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B ILS)
NET INCOME (B ILS)
NET INCOME GROWTH (%)
DIV. (ILS)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
202020212022202320242025e2026e2027e
1.82.212.692.943.283.013.443.68
-19.5522.9121.729.4111.48-8.2914.367.06
65.0769.7370.3369.0570.1670.1670.1670.16
1.171.541.892.032.32.112.412.58
0.192.891.82.231.481.522.142.34
-911,428.57-37.823.82-33.622.7141.079.21
2.474.955.365.778.256.68.4810.33
-46.54100.48.287.6542.98-2028.4821.82
121.27121.27121.27121.27121.78121.78121.78121.78
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Azrieli Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Azrieli Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Azrieli Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Azrieli Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Azrieli Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Azrieli Group stock margins

The Azrieli Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Azrieli Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Azrieli Group.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
65.07 %
57.23 %
10.51 %
Jan 1, 2021
69.73 %
61.49 %
130.72 %
Jan 1, 2022
70.33 %
69.89 %
66.8 %
Jan 1, 2023
69.05 %
100.82 %
75.6 %
Jan 1, 2024
70.16 %
60.5 %
45.02 %
Invalid Date
70.16 %
75.88 %
50.43 %
Invalid Date
70.16 %
76.29 %
62.22 %
Invalid Date
70.16 %
77.61 %
63.45 %

Azrieli Group Stock Revenue, EBIT, Earnings per Share

The Azrieli Group earnings per share therefore indicates how much revenue Azrieli Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
14.83 ILS
8.49 ILS
1.56 ILS
Jan 1, 2021
18.22 ILS
11.21 ILS
23.82 ILS
Jan 1, 2022
22.18 ILS
15.5 ILS
14.82 ILS
Jan 1, 2023
24.27 ILS
24.47 ILS
18.35 ILS
Jan 1, 2024
26.94 ILS
16.3 ILS
12.13 ILS
Invalid Date
24.72 ILS
18.75 ILS
12.46 ILS
Invalid Date
28.25 ILS
21.55 ILS
17.58 ILS
Invalid Date
30.25 ILS
23.48 ILS
19.19 ILS

Azrieli Group business model & stock analysis

The Azrieli Group Ltd is a leading company in the real estate sector, operating across industries for over 30 years. The company was founded in 1985 by David Azrieli, a Polish-born entrepreneur who had previously worked as an architect. Azrieli's goal was to create real estate projects that were leading in design, functionality, and economic efficiency. The business model of the Azrieli Group focuses on the acquisition, development, ownership, and management of commercial and residential properties, as well as shopping centers. The size and portfolio of the company have significantly grown over the years. Today, the Azrieli Group is the largest private real estate developer in Israel. The various divisions of the Azrieli Group are diverse and include shopping centers, office buildings, hotels, and residential properties, among others. The company's most well-known products include the Azrieli Towers in Tel Aviv. These are three high-rise buildings that are among the tallest in Israel and a popular symbol of the city. The buildings house offices, shopping centers, restaurants, gyms, and approximately 3,500 apartments. In addition to the Azrieli Towers, the company also operates numerous shopping centers throughout the country. These are typically very modern, spacious, and offer a wide range of retail stores, restaurants, and entertainment options. Well-known shopping centers of the Azrieli Group include the Azrieli Center in Tel Aviv and the Malha Shopping Center in Jerusalem. Another pillar of the Azrieli Group is office properties. For example, the company is the owner of the Spiral Tower in Tel Aviv, one of the tallest office buildings in the country. The Electra Tower in downtown Jerusalem is also part of the company's portfolio. This building houses, among others, the Israeli stock exchange and numerous international corporations. In addition to these areas of focus, the Azrieli Group is also active in the hotel business. For example, the Crowne Plaza Hotel in Jerusalem is part of the portfolio. The hotel offers a wide range of facilities and services for business and leisure travelers. In summary, the Azrieli Group is an important and versatile real estate developer and manager in Israel and beyond. The products and services offered by the company cover a wide range of needs and are characterized by a high level of quality and innovation.

Azrieli Group SWOT Analysis

Strengths

Azrieli Group Ltd has a strong and diversified portfolio of real estate assets, including shopping malls, office buildings, and residential properties. This diverse portfolio provides a stable and reliable source of income.

The company has a strong reputation for quality and innovation in the real estate industry. It is known for delivering high-quality buildings and creating attractive spaces for tenants and customers.

Azrieli Group Ltd has a proven track record of successful project development and management. Its expertise in identifying lucrative investment opportunities and executing projects efficiently has contributed to its success in the market.

Weaknesses

The company operates primarily in the Israeli market, which exposes it to risks associated with the country's economic and political conditions. Any instability or downturn in the Israeli market could impact Azrieli Group Ltd's operations.

Azrieli Group Ltd relies heavily on rental income, which can be affected by factors such as changes in market demand, tenant bankruptcies, and economic recessions. This reliance on rental income makes the company vulnerable to fluctuations in the real estate market.

Like any real estate company, Azrieli Group Ltd is subject to regulatory and legal constraints, including zoning laws, environmental regulations, and building codes. Non-compliance or changes in these regulations can impact the company's ability to develop and manage properties.

Opportunities

There is a growing demand for modern and well-designed real estate in Israel. Azrieli Group Ltd can leverage this opportunity by expanding its portfolio and developing new projects to meet the changing needs of businesses and consumers.

The company can explore international expansion to diversify its operations and reduce its dependence on the Israeli market. This could involve entering emerging markets or acquiring strategic assets in other countries.

Sustainable and eco-friendly real estate practices are gaining importance. Azrieli Group Ltd can capitalize on this trend by incorporating green building practices and renewable energy solutions into its properties, attracting environmentally conscious tenants and investors.

Threats

The ongoing COVID-19 pandemic has severely impacted the global real estate market. Azrieli Group Ltd may face challenges in terms of reduced demand, financial constraints, and potential delays in project timelines.

Competition in the real estate industry is intense, with several well-established players and new entrants vying for market share. Azrieli Group Ltd needs to continuously innovate and differentiate itself to stay ahead of the competition.

Fluctuations in interest rates and changes in financing conditions can affect the company's ability to secure favorable financing for its projects, potentially increasing its borrowing costs and impacting profitability.

Azrieli Group Eulerpool Fair Value

Azrieli Group historical P/E ratio, EBIT multiple, and P/S ratio

Azrieli Group annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Azrieli Group shares outstanding

The number of shares of Azrieli Group was 121.785 M in 2025. This indicates how many shares Azrieli Group is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
121.27 M base_Shares
Jan 1, 2021
121.27 M base_Shares
Jan 1, 2022
121.27 M base_Shares
Jan 1, 2023
121.27 M base_Shares
Jan 1, 2024
121.78 M base_Shares
Invalid Date
121.78 M base_Shares
Invalid Date
121.78 M base_Shares
Invalid Date
121.78 M base_Shares

Azrieli Group Dividend History

15 years of dividend payments

YearAnnual DividendYoY ChangePayments
20256.6ILS 20.0%
Apr 21, 20256.6ILS 20.0%1/1
20248.25ILS 42.9%
20235.77ILS 7.7%
20225.36ILS 8.3%
20214.95ILS 100.0%
20202.47ILS 46.4%
20194.62ILS 7.7%
20184.29ILS 8.3%
20173.96ILS 20.0%
20163.3ILS 25.0%

Azrieli Group dividend history and estimates

In 2025, Azrieli Group paid a dividend amounting to 6.6 ILS. Dividend means that Azrieli Group distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2020
2.47 ILS
0 ILS
0 ILS
Jan 1, 2021
4.95 ILS
0 ILS
0 ILS
Jan 1, 2022
5.36 ILS
0 ILS
0 ILS
Jan 1, 2023
5.77 ILS
0 ILS
0 ILS
Jan 1, 2024
8.25 ILS
0 ILS
1.24 ILS
Jan 1, 2025
6.6 ILS
0 ILS
0 ILS
Invalid Date
0 ILS
8.48 ILS
0 ILS
Invalid Date
0 ILS
10.33 ILS
0 ILS

Azrieli Group dividend payout ratio

In 2025, Azrieli Group had a payout ratio of 45.21%. The payout ratio indicates the percentage of the company's profits that Azrieli Group distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
159.6 %
Jan 1, 2021
20.77 %
Jan 1, 2022
36.17 %
Jan 1, 2023
31.46 %
Jan 1, 2024
67.99 %
Invalid Date
45.21 %
Invalid Date
48.22 %
Invalid Date
53.81 %
Price targets and forecasts for Azrieli Group are not yet available.

Azrieli Group Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/22/20243.16ILS569.44 MILS2024 Q1
3/20/20243.05ILS557.7 MILS2023 Q4
8/15/20233.28ILS548.54 MILS2023 Q2
5/29/20233.22ILS539.87 MILS2023 Q1
3/21/20233.23ILS527.77 MILS2022 Q4
11/22/20223.1ILS511.39 MILS2022 Q3
8/17/20223.3ILS468.69 MILS2022 Q2
5/31/20222.82ILS440.81 MILS2022 Q1
3/23/20222.61ILS432.25 MILS2021 Q4
11/24/20212.71ILS402.37 MILS2021 Q3

EESG©

Eulerpool ESG Scorecard© for the Azrieli Group stock

59/100
63
Environment
84
Social
30
Governance
E

Environment

20
Scope 1 - Direct Emissions2,957
Scope 2 - Indirect emissions from purchased energy97,160
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions100,117
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees45
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Azrieli Group shareholder structure

% Name
55.38695%
Azrieli Holdings Inc.
Azrieli Holdings Inc.
8.51803%
Azrieli Foundation
Azrieli Foundation
5.66739%
Azrieli Foundation (Israel) R A
Azrieli Foundation (Israel) R A
0.96021%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.67343%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.29125%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
...

Azrieli Group Executives and Management Board

AK

Dr. Ariel Kor

(49)

Director

Compensation9.6 M ILS
DH

Ms. Danna Azrieli Hakim

(58)

Active Chairwoman of the Board, Acting Chief Executive Officer · since 2010

Compensation8.04 M ILS
GA

Mr. Gideon Avrami

(64)

Deputy Chief Executive Officer, Head of Properties

Compensation5.76 M ILS
AG

Mr. Ariel Goldstein

(53)

Chief Financial Officer

Compensation5.63 M ILS
IS

Ms. Irit Sekler-Pilosof

(51)

Director · since 2000

Compensation5.12 M ILS

Frequently asked questions about Azrieli Group

Azrieli Group Ltd is a prominent real estate company based in Israel. It primarily focuses on the development, acquisition, and management of shopping malls, office buildings, and residential properties. The company follows a diversified business model, offering a wide range of commercial, residential, and mixed-use spaces. Azrieli Group Ltd aims to fulfill the evolving needs of its customers by providing innovative and high-quality real estate solutions. With a strong emphasis on excellence and sustainability, Azrieli Group Ltd consistently delivers exceptional properties that enhance the communities in which they operate. Through its diverse portfolio, the company has established itself as a leader in the Israeli real estate market.

All fundamentals and in-depth analysis of Azrieli Group

Our stock analysis for Azrieli Group stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Azrieli Group. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.