Gazit-Globe (NYSE;TSX;TASE: GZT) is one of the world’s leading multinational real estate companies engaged in the acquisition, development and management of income-producing properties. The company focuses on necessity-driven real estate, primarily supermarket-anchored shopping centers in urban growth markets with high barriers to entry and attractive demographic trends. In addition, the company is active in the healthcare real estate sector, owning and operating medical office buildings in North America.
Gazit-Globe is listed on the New York Stock Exchange (NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in Israel.
Gazit-Globe operates internationally through its publicly-traded and privately-held subsidiaries. Its public subsidiary companies are listed on several major stock exchanges including the New York Stock Exchange, the Toronto Stock Exchange, the Helsinki Stock Exchange, Euronext Amsterdam and the Vienna Stock Exchange.
The Group operates in more than 20 countries, owns and manages 561 properties with a gross leasable area of approximately 6.6 million square meters, has a consolidated total asset value of more than US$22.0 billion and a gross annualized income of about US$2.0 billion.
Since establishing its first real estate operations in the United States in 1991, Gazit-Globe has accumulated significant expertise across a broad range of core competencies, including acquiring, operating, managing, leasing, developing, redeveloping, repositioning and improving the performance of supermarket-anchored shopping centers. It has also demonstrated its ability to leverage this expertise and successfully implement its business model in many countries around the world.
Gazit-Globe’s primary objective is the creation of value through long-term maximization of cash flow and capital appreciation from its growing real estate portfolio.
Gazit-Globe’s knowledge and expertise, combined with its proactive management style and disciplined acquisition strategy, has enabled it to grow its business consistently and expand its portfolio into other asset classes and geographies.
Gazit-Globe continues to seek opportunities in the regions where it operates as well as in new territories.
Gazit-Globe has a clear policy of maintaining high level of transparency with respect to its financial condition. The Company operates continuously to maintain financial flexibility and a strong long-term credit rating.
Gazit-Globe’s long-term debt is rated by S&P Maalot (ilAA-) with a stable outlook and by Midroog, Moody’s Subsidiary (Aa3) with a stable outlook.