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This morning the management of Electra Real Estate opened trading on the Tel Aviv Stock Exchange on the occasion of its joining the TASE's leading indices, TA-90 and TA-125, on August 4, 2019.
Electra Real Estate Group has been operating in the real estate sector in Israel and overseas since 1994. The Group is engaged in the location, acquisition, management, renting and improving of real estate complexes. To date, through real estate investment funds, it holds 81 properties in the United States with some 28 thousand residential units.
In August 2005, the Company was listed on TASE and today has a market value of close to NIS 1.2 billion.
Gil Rushinek, CEO of Electra Real Estate: “We are pleased and proud to enter to the TA-90 and TA-125 Indices of leading companies on TASE, which is a reflection of the vote of confidence of Israeli investors in the Company and its business vision. Over the past two years, we have raised more than NIS 2.5 billion from investors in Israel for the funds that we manage, which specialize in the housing complexes market in the United States. This market has been enjoying substantial consistent growth for several years now, and we are pleased that Israeli investors get to benefit from the success of these operations by way of direct investment in the shares of Electra Real Estate on TASE. We consider the investing public as our full partner and look forward to continue sharing with it the business development and growth of the Company in the coming years."
Sharon Lavi, Trading and Indices Unit Manager at TASE: “I am pleased to open the trading today for Electra Real Estate on the occasion of its entering TASE's leading indices. Today, the TA-125 Index comprises, together with Electra Real Estate, 32 companies of the Real Estate and Construction Sector, with a market cap of approximately NIS 135 billion, representing close to 20% of the total value of companies in the Index. Since the beginning of 2019, the Real Estate Index recorded a yield of close to 50% and the share of Electra Real Estate showed a yield of close to 90%. We wish the Company the best of success in its journey."
In the picture from right to left: Amnon Neubach, Chairman of the Board of Directors of TASE; Eliezer Vessely, CFO of Electra Real Estate; Michael Salkind, Joint CEO Elco.; Gil Rushinek, CEO of Electra Real Estate; Daniel Salkind, Joint CEO Elco.; Amir Yaniv, VP Business Development Electra Real Estate; Sharon Lavi, Trading and Indices Unit Manager at TASE.
Photographer: Guy Assayag. The photo is free of charge
