Intrinsic value of Gazit-Globe - GZT

Previous Close

$8.20

  Intrinsic Value

$20.08

stock screener

  Rating & Target

str. buy

+145%

Previous close

$8.20

 
Intrinsic value

$20.08

 
Up/down potential

+145%

 
Rating

str. buy

Our model is not good at valuating stocks of financial companies, such as GZT.

We calculate the intrinsic value of GZT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  10.60
  10.04
  9.54
  9.08
  8.67
  8.31
  7.98
  7.68
  7.41
  7.17
  6.95
  6.76
  6.58
  6.42
  6.28
  6.15
  6.04
  5.93
  5.84
  5.76
  5.68
  5.61
  5.55
  5.50
  5.45
  5.40
  5.36
  5.33
  5.29
  5.26
Revenue, $m
  902
  992
  1,087
  1,186
  1,289
  1,396
  1,507
  1,623
  1,743
  1,868
  1,998
  2,133
  2,273
  2,419
  2,571
  2,729
  2,894
  3,066
  3,245
  3,432
  3,626
  3,830
  4,043
  4,265
  4,497
  4,740
  4,994
  5,260
  5,539
  5,830
Variable operating expenses, $m
  397
  435
  475
  516
  559
  604
  651
  699
  749
  801
  836
  892
  951
  1,012
  1,076
  1,142
  1,211
  1,283
  1,357
  1,436
  1,517
  1,602
  1,691
  1,784
  1,881
  1,983
  2,089
  2,201
  2,317
  2,439
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  397
  435
  475
  516
  559
  604
  651
  699
  749
  801
  836
  892
  951
  1,012
  1,076
  1,142
  1,211
  1,283
  1,357
  1,436
  1,517
  1,602
  1,691
  1,784
  1,881
  1,983
  2,089
  2,201
  2,317
  2,439
Operating income, $m
  504
  557
  612
  670
  729
  792
  856
  924
  994
  1,066
  1,162
  1,240
  1,322
  1,407
  1,495
  1,587
  1,683
  1,783
  1,887
  1,996
  2,109
  2,228
  2,351
  2,481
  2,616
  2,757
  2,905
  3,060
  3,222
  3,391
EBITDA, $m
  550
  605
  663
  723
  786
  851
  919
  990
  1,063
  1,139
  1,218
  1,301
  1,386
  1,476
  1,568
  1,665
  1,765
  1,870
  1,979
  2,093
  2,212
  2,336
  2,466
  2,601
  2,743
  2,891
  3,046
  3,208
  3,378
  3,556
Interest expense (income), $m
  0
  413
  465
  518
  574
  631
  691
  754
  819
  886
  956
  1,029
  1,105
  1,184
  1,266
  1,351
  1,440
  1,532
  1,628
  1,729
  1,833
  1,942
  2,056
  2,175
  2,299
  2,429
  2,564
  2,706
  2,854
  3,010
  3,172
Earnings before tax, $m
  91
  92
  94
  96
  98
  100
  103
  105
  107
  110
  133
  135
  138
  141
  144
  148
  151
  155
  159
  163
  167
  172
  177
  182
  187
  193
  199
  205
  212
  219
Tax expense, $m
  25
  25
  25
  26
  27
  27
  28
  28
  29
  30
  36
  37
  37
  38
  39
  40
  41
  42
  43
  44
  45
  46
  48
  49
  51
  52
  54
  55
  57
  59
Net income, $m
  67
  67
  69
  70
  72
  73
  75
  77
  78
  80
  97
  99
  101
  103
  105
  108
  110
  113
  116
  119
  122
  125
  129
  133
  137
  141
  145
  150
  155
  160

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  15,548
  17,110
  18,741
  20,443
  22,217
  24,062
  25,981
  27,976
  30,049
  32,204
  34,443
  36,770
  39,190
  41,708
  44,327
  47,055
  49,896
  52,857
  55,944
  59,164
  62,525
  66,034
  69,700
  73,531
  77,536
  81,725
  86,107
  90,692
  95,493
  100,519
Adjusted assets (=assets-cash), $m
  15,548
  17,110
  18,741
  20,443
  22,217
  24,062
  25,981
  27,976
  30,049
  32,204
  34,443
  36,770
  39,190
  41,708
  44,327
  47,055
  49,896
  52,857
  55,944
  59,164
  62,525
  66,034
  69,700
  73,531
  77,536
  81,725
  86,107
  90,692
  95,493
  100,519
Revenue / Adjusted assets
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
  0.058
Average production assets, $m
  766
  843
  923
  1,007
  1,094
  1,185
  1,279
  1,378
  1,480
  1,586
  1,696
  1,811
  1,930
  2,054
  2,183
  2,317
  2,457
  2,603
  2,755
  2,913
  3,079
  3,252
  3,432
  3,621
  3,818
  4,024
  4,240
  4,466
  4,702
  4,950
Working capital, $m
  -273
  -301
  -329
  -359
  -390
  -423
  -457
  -492
  -528
  -566
  -605
  -646
  -689
  -733
  -779
  -827
  -877
  -929
  -983
  -1,040
  -1,099
  -1,160
  -1,225
  -1,292
  -1,363
  -1,436
  -1,513
  -1,594
  -1,678
  -1,767
Total debt, $m
  8,619
  9,598
  10,621
  11,688
  12,800
  13,957
  15,161
  16,411
  17,711
  19,062
  20,466
  21,925
  23,443
  25,021
  26,664
  28,374
  30,155
  32,011
  33,947
  35,966
  38,074
  40,274
  42,572
  44,974
  47,486
  50,112
  52,859
  55,735
  58,744
  61,896
Total liabilities, $m
  9,749
  10,728
  11,751
  12,818
  13,930
  15,087
  16,290
  17,541
  18,841
  20,192
  21,596
  23,055
  24,572
  26,151
  27,793
  29,503
  31,285
  33,141
  35,077
  37,096
  39,203
  41,404
  43,702
  46,104
  48,615
  51,241
  53,989
  56,864
  59,874
  63,026
Total equity, $m
  5,800
  6,382
  6,990
  7,625
  8,287
  8,975
  9,691
  10,435
  11,208
  12,012
  12,847
  13,715
  14,618
  15,557
  16,534
  17,551
  18,611
  19,715
  20,867
  22,068
  23,322
  24,631
  25,998
  27,427
  28,921
  30,483
  32,118
  33,828
  35,619
  37,494
Total liabilities and equity, $m
  15,549
  17,110
  18,741
  20,443
  22,217
  24,062
  25,981
  27,976
  30,049
  32,204
  34,443
  36,770
  39,190
  41,708
  44,327
  47,054
  49,896
  52,856
  55,944
  59,164
  62,525
  66,035
  69,700
  73,531
  77,536
  81,724
  86,107
  90,692
  95,493
  100,520
Debt-to-equity ratio
  1.490
  1.500
  1.520
  1.530
  1.540
  1.560
  1.560
  1.570
  1.580
  1.590
  1.590
  1.600
  1.600
  1.610
  1.610
  1.620
  1.620
  1.620
  1.630
  1.630
  1.630
  1.640
  1.640
  1.640
  1.640
  1.640
  1.650
  1.650
  1.650
  1.650
Adjusted equity ratio
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373
  0.373

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  67
  67
  69
  70
  72
  73
  75
  77
  78
  80
  97
  99
  101
  103
  105
  108
  110
  113
  116
  119
  122
  125
  129
  133
  137
  141
  145
  150
  155
  160
Depreciation, amort., depletion, $m
  46
  48
  51
  54
  57
  60
  63
  66
  69
  73
  57
  60
  64
  68
  73
  77
  82
  87
  92
  97
  103
  108
  114
  121
  127
  134
  141
  149
  157
  165
Funds from operations, $m
  112
  115
  119
  124
  128
  133
  138
  143
  148
  153
  153
  159
  165
  171
  178
  185
  192
  200
  208
  216
  225
  234
  243
  253
  264
  275
  287
  299
  311
  325
Change in working capital, $m
  -26
  -27
  -29
  -30
  -31
  -32
  -34
  -35
  -36
  -38
  -39
  -41
  -43
  -44
  -46
  -48
  -50
  -52
  -54
  -57
  -59
  -62
  -64
  -67
  -70
  -74
  -77
  -81
  -84
  -88
Cash from operations, $m
  139
  143
  148
  154
  159
  165
  171
  178
  184
  191
  193
  200
  208
  216
  224
  233
  242
  252
  262
  273
  284
  295
  308
  321
  334
  349
  364
  379
  396
  413
Maintenance CAPEX, $m
  -23
  -26
  -28
  -31
  -34
  -36
  -39
  -43
  -46
  -49
  -53
  -57
  -60
  -64
  -68
  -73
  -77
  -82
  -87
  -92
  -97
  -103
  -108
  -114
  -121
  -127
  -134
  -141
  -149
  -157
New CAPEX, $m
  -74
  -77
  -80
  -84
  -87
  -91
  -95
  -98
  -102
  -106
  -110
  -115
  -119
  -124
  -129
  -134
  -140
  -146
  -152
  -159
  -166
  -173
  -181
  -189
  -197
  -206
  -216
  -226
  -236
  -248
Cash from investing activities, $m
  -97
  -103
  -108
  -115
  -121
  -127
  -134
  -141
  -148
  -155
  -163
  -172
  -179
  -188
  -197
  -207
  -217
  -228
  -239
  -251
  -263
  -276
  -289
  -303
  -318
  -333
  -350
  -367
  -385
  -405
Free cash flow, $m
  42
  40
  40
  39
  39
  38
  37
  37
  36
  36
  30
  29
  28
  27
  27
  26
  25
  24
  23
  22
  21
  20
  19
  18
  16
  15
  14
  12
  11
  9
Issuance/(repayment) of debt, $m
  970
  979
  1,023
  1,067
  1,112
  1,157
  1,203
  1,251
  1,300
  1,351
  1,404
  1,459
  1,517
  1,578
  1,643
  1,710
  1,781
  1,856
  1,936
  2,019
  2,107
  2,200
  2,299
  2,402
  2,511
  2,626
  2,747
  2,875
  3,010
  3,152
Issuance/(repurchase) of shares, $m
  515
  515
  540
  565
  590
  615
  641
  667
  695
  723
  738
  769
  802
  836
  872
  910
  949
  991
  1,036
  1,082
  1,132
  1,184
  1,238
  1,296
  1,357
  1,422
  1,489
  1,561
  1,636
  1,715
Cash from financing (excl. dividends), $m  
  1,485
  1,494
  1,563
  1,632
  1,702
  1,772
  1,844
  1,918
  1,995
  2,074
  2,142
  2,228
  2,319
  2,414
  2,515
  2,620
  2,730
  2,847
  2,972
  3,101
  3,239
  3,384
  3,537
  3,698
  3,868
  4,048
  4,236
  4,436
  4,646
  4,867
Total cash flow (excl. dividends), $m
  1,527
  1,534
  1,603
  1,671
  1,740
  1,810
  1,882
  1,955
  2,031
  2,110
  2,172
  2,258
  2,347
  2,442
  2,541
  2,646
  2,756
  2,872
  2,994
  3,124
  3,260
  3,404
  3,556
  3,716
  3,885
  4,063
  4,250
  4,448
  4,656
  4,876
Retained Cash Flow (-), $m
  -582
  -582
  -609
  -635
  -661
  -688
  -716
  -744
  -773
  -804
  -835
  -868
  -903
  -939
  -977
  -1,017
  -1,060
  -1,104
  -1,151
  -1,201
  -1,254
  -1,309
  -1,367
  -1,429
  -1,494
  -1,562
  -1,634
  -1,710
  -1,791
  -1,875
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  945
  952
  994
  1,036
  1,079
  1,122
  1,166
  1,211
  1,258
  1,306
  1,337
  1,389
  1,445
  1,503
  1,564
  1,628
  1,696
  1,768
  1,843
  1,922
  2,006
  2,095
  2,188
  2,287
  2,391
  2,500
  2,616
  2,738
  2,866
  3,001
Discount rate, %
  9.80
  10.29
  10.80
  11.34
  11.91
  12.51
  13.13
  13.79
  14.48
  15.20
  15.96
  16.76
  17.60
  18.48
  19.40
  20.37
  21.39
  22.46
  23.58
  24.76
  26.00
  27.30
  28.67
  30.10
  31.61
  33.19
  34.85
  36.59
  38.42
  40.34
PV of cash for distribution, $m
  861
  783
  731
  674
  614
  553
  491
  431
  372
  317
  262
  216
  176
  140
  109
  84
  63
  46
  33
  23
  16
  10
  7
  4
  2
  1
  1
  0
  0
  0
Current shareholders' claim on cash, %
  87.6
  77.8
  69.4
  62.2
  56.0
  50.6
  46.0
  41.8
  38.2
  35.0
  32.2
  29.6
  27.3
  25.3
  23.4
  21.7
  20.1
  18.7
  17.4
  16.2
  15.1
  14.1
  13.1
  12.3
  11.5
  10.7
  10.0
  9.4
  8.8
  8.2

Gazit-Globe Ltd. is a real estate company specialized in retail premises. The Company is engaged in the acquisition, development and management of properties. Its segments include Finland, Norway, Sweden, and Estonia and Denmark. It focuses on supermarket-anchored shopping centers in urban growth markets. It operates internationally through its publicly traded and privately held subsidiaries. It operates in more than 20 countries, and owns and manages approximately 430 properties with a gross leasable area of approximately 6.5 million square meters. The Company's properties include Kista Galleria, Iso Omena, Potrero Center, Yorkville Village, Atrium Promenada, Serramonte Shopping Center, Galeria Dominikanska, Westbury Plaza, Northgate Centre, San Pelegrino Shopping Mall, G Tzameret, Kosice Optima Shopping Center, Coens Galerie, Parkway Mall, Rutherford Marketplace, Atrium Copernicus, Atrium Biala, Molo Shopping Center, Wentorf Shopping Center, Plaza Escuela and Mount Royal Village.

FINANCIAL RATIOS  of  Gazit-Globe (GZT)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0%
Ret/ On Assets - 3 Yr. Avg. 0%
Return On Total Capital 0%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity 0%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

GZT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GZT stock intrinsic value calculation we used $815.380184332 million for the last fiscal year's total revenue generated by Gazit-Globe. The default revenue input number comes from 0001 income statement of Gazit-Globe. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GZT stock valuation model: a) initial revenue growth rate of 10.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.8%, whose default value for GZT is calculated based on our internal credit rating of Gazit-Globe, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Gazit-Globe.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GZT stock the variable cost ratio is equal to 44.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for GZT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Gazit-Globe.

Corporate tax rate of 27% is the nominal tax rate for Gazit-Globe. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GZT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GZT are equal to 84.9%.

Life of production assets of 98.6 years is the average useful life of capital assets used in Gazit-Globe operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GZT is equal to -30.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $5218.02995392 million for Gazit-Globe - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 193.482 million for Gazit-Globe is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Gazit-Globe at the current share price and the inputted number of shares is $1.6 billion.

RELATED COMPANIES Price Int.Val. Rating
IHG InterContinent 54.57 165.95  str.buy

COMPANY NEWS

▶ Gazit Globe Reports its Results for the Third Quarter 2018   [Nov-20-18 06:57AM  GlobeNewswire]
▶ Gazit-Globe Ltd. to Host Earnings Call   [Aug-21-18 08:00AM  ACCESSWIRE]
▶ Gazit-Globe: 2Q Earnings Snapshot   [07:25AM  Associated Press]
▶ Gazit Horizons Acquires Retail Asset in Brooklyn, New York   [Jul-05-18 09:00AM  GlobeNewswire]
▶ Gazit-Globe Reports Strong Financial Results in 2017   [Mar-28-18 08:20AM  GlobeNewswire]
▶ Gazit-Globe Ltd. to Host Earnings Call   [07:00AM  ACCESSWIRE]
▶ ETFs with exposure to Gazit-Globe Ltd. : January 1, 2018   [Jan-01-18 11:38AM  Capital Cube]
▶ Gazit-Globe reports 3Q loss   [Nov-20-17 09:23AM  Associated Press]
▶ Gazit-Globe Ltd. to Host Earnings Call   [08:00AM  ACCESSWIRE]
▶ Gazit-Globe Ltd. to Host Earnings Call   [06:05AM  ACCESSWIRE]
▶ Gazit Horizons Acquires First Asset in New York Market   [Oct-03-17 09:45PM  GlobeNewswire]
▶ Top Ranked Income Stocks to Buy for August 29th   [Aug-29-17 10:27AM  Zacks]
▶ Gazit-Globe posts 2Q profit   [Aug-22-17 10:06PM  Associated Press]
▶ Gazit-Globe posts 2Q profit   [07:02AM  Associated Press]
▶ Global real estate firm pays $29M for Brickell development site   [Jul-25-17 12:46PM  American City Business Journals]
▶ ETFs with exposure to Gazit-Globe Ltd. : July 6, 2017   [Jul-06-17 01:53PM  Capital Cube]
▶ Gazit-Globe reports 1Q loss   [May-23-17 07:48AM  Associated Press]
▶ Gazit-Globe Files its 2016 Annual Report on Form 20-F   [Apr-28-17 07:50AM  GlobeNewswire]
▶ ETFs with exposure to Gazit-Globe Ltd. : April 7, 2017   [Apr-07-17 04:44PM  Capital Cube]
▶ Gazit Globe to Report Third Quarter 2016 Financial Results   [Nov-20-16 10:45AM  GlobeNewswire]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.