Amot Investments (TASE: AMOT): Alony Hetz's Israeli Commercial Real Estate Engine

Amot Investments Ltd. (TASE: AMOT) is the Israeli commercial real-estate engine of the Alony Hetz group. Founded as a private company in 1964 and listed on the Tel Aviv Stock Exchange in May 2006, Amot manages, leases, and develops 176 yielding properties totaling 1.8 million square meters, with roughly ILS 18 billion in assets and a market capitalization of approximately ILS 9.83 billion. Amot is 54 percent owned by Alony Hetz Properties and Investments Ltd. Nathan Hetz has served as chairman of Amot's board since August 2005.

Portfolio and Footprint

Amot's 176 properties break down into 1.1 million square meters of rental area and 0.7 million square meters of open storage and parking area. The tenant base numbers approximately 1,750 lessees across contracts of varying terms. Occupancy across the portfolio has consistently run above 90 percent.

Property types span office buildings, high-tech buildings, industrial parks, logistics centers, malls, shopping centers, supermarkets, and central bus stations. Geographic concentration is heavy in Israel's Central District — Tel Aviv, Ramat Gan, Herzliya Pituach, Petah Tikva, and the Atidim technology campus — with additional exposure in Haifa's Matam high-tech park and other high-demand areas around Israel's largest cities.

Named flagship assets include the Amot Atrium Tower and the Amot Givatayim complex. Several prime properties are currently in the development pipeline and are structured to contribute to future portfolio growth.

Corporate Structure and Ownership

Alony Hetz Properties and Investments Ltd. holds approximately 54 percent of Amot's capital and is the long-term committed anchor shareholder. Alony Hetz itself was founded in November 1989 by Nathan Hetz and Avi Wertheim; since November 2019 the parent has operated without a control core, though the Hetz-Wertheim founder team remains in place at both entities.

Amot has approximately 493.5 million ordinary shares outstanding as of early 2026, following routine warrant exercises by employees. The company employs approximately 198 people and is headquartered in Ramat Gan. Chairman Nathan Hetz also serves on the boards of parent Alony Hetz, Carr Properties Corp. (Washington DC), PSP Swiss Property AG, and Energix Renewable Energy.

Capital Markets Position

Amot is a constituent of the TA-35, TA-125, TA-Real Estate, Tel-Div, and TA-AllShare indices — the top tier of Israeli listed equities by liquidity and index weight. Amot's debentures carry investment-grade credit ratings: AA/Stable from S&P Maalot and Aa3/Stable from Moody's Midroog.

Dividend yield tracks in the mid-to-high single digits, reflecting the yielding-property model, with an earnings-payout ratio historically around two-thirds and a cash-payout ratio around four-fifths. Per-share earnings compounded at roughly 16 percent annually over the last five reported years.

Peer comparisons on TASE include Azrieli Group (AZRG), Melisron (MLSR), Electra Real Estate, and Mediterranean Towers. Azrieli remains the largest by portfolio scale and market cap; Amot is one of the top three Israeli commercial real-estate operators by asset base.

Why Amot Matters to Israeli Real Estate

Amot sits at the intersection of Israel's commercial office demand — driven by the concentration of the high-tech, financial, and defense sectors in the Tel Aviv metropolitan area — and the country's more recent absorption of defense-tech tenants across suburban office parks. Growth of the Israeli defense-tech tenant base (see Defense Tech Is Absorbing Israel's Office Towers) has been material to office occupancy dynamics at operators of Amot's scale.

For the parent-company and cross-border investment context, see the Alony Hetz profile. For adjacent Israeli capital-markets founder profiles, see Zvi Stepak on non-bank asset management and Joseph Hackmey on the insurance side.

Frequently Asked Questions

What is Amot Investments?
Israeli commercial real-estate investment company (TASE: AMOT), subsidiary of Alony Hetz Properties and Investments Ltd. Founded 1964, TASE-listed May 2006.

How large is Amot's portfolio?
176 yielding properties, 1.8 million sqm total (1.1M rental + 0.7M storage/parking), ~1,750 tenants, ~ILS 18B in assets, ~ILS 9.83B market cap.

Who owns Amot?
Alony Hetz Properties and Investments Ltd. holds approximately 54 percent. Nathan Hetz chairs the board (from August 2005).

What are Amot's credit ratings?
AA/Stable (S&P Maalot); Aa3/Stable (Moody's Midroog).

What indices does Amot belong to?
TA-35, TA-125, TA-Real Estate, Tel-Div, TA-AllShare.