Description
⋅ Real Estate Company
Income (74% from Tel Aviv region):
• 53% office space, ₪391M 2019 rental
• 21% commerce (malls and shopping centres mostly), ₪148M 2019 rental
Rental occupation (2019) 96%, this will probably plunge during 2020.
2020 income may drop to ~₪300M due to lockdown and companies moving to work from home, AMOT has debt payments of ₪666M for 2020.