G City Q2 FY26 net profit drops to NIS 83 million; FFO falls 10.28% to NIS 96 million - GCT News | RalliesG City Q2 FY26 net profit drops to NIS 83 million; FFO falls 10.28% to NIS 96 million
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GCT• Q2 profit and NOI decline
- G City posted Q2 net profit attributable to shareholders of ~NIS 83 million, down from ~NIS 236 million a year earlier.
- Total NOI fell 12.9% year over year to ~NIS 359 million, due to property sales and a stronger shekel.
Guidance and disposal plans
- Guidance lifted to NIS 2.00-2.10 FFO per share for 2026; plans include ~NIS 6.1 billion asset disposals by end-2027.
FFO, occupancy and leasing spread
- FFO was ~NIS 96 million versus ~NIS 107 million; FFO from income-producing property activity slid to ~NIS 97 million.
- Lease renewals carried an average leasing spread of ~10.3%; occupancy held at 95.3%.
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