REIT 1 (TASE: RIT1) is Israel's first REIT, with about 750,000 sqm of property, an ilAA/Stable rating and NIS 522M of 2025 revenue. See its portfolio and deals.
REIT 1 (TASE: RIT1) is Israel's first real estate investment trust, established in 2006, with a portfolio of nearly 750,000 square meters of income-producing property. S&P Maalot rates it ilAA/Stable, according to Simply Wall St's company profile. It reported 2025 revenue of NIS 522 million, and its market capitalization was about NIS 5.3 billion in February 2026.
What is REIT 1 at a glance?
| Item | Detail | Source |
|---|---|---|
| Established | 2006, Israel's first REIT | Simply Wall St |
| Portfolio | About 59 yielding assets, 750,000 sqm, valued around ILS 9 billion | ROIC.ai |
| Occupancy | 96% | ROIC.ai |
| Rating | ilAA/Stable, S&P Maalot | Simply Wall St |
| 2025 revenue | NIS 522.1 million | Simply Wall St |
| 2024 NOI and adjusted FFO | NOI ILS 482 million; adjusted FFO ILS 342 million | REIT 1 presentation |
| Indices | TA-125 and Tel-Div | Simply Wall St |
How big is the REIT 1 portfolio?
REIT 1 owns about 59 yielding assets totaling 750,000 square meters, mainly in central Israel, with a combined value of around ILS 9 billion and 96% occupancy, according to ROIC.ai. The mix covers office buildings such as Rothschild 3 and HaBarzel 7 in Tel Aviv, shopping centers, industrial and logistics sites such as Terminal 2 in Lod and West Design in Rishon LeZion, geriatric hospitals, parking structures and hotels.
The company sold 45,000 square meters of offices to the State of Israel on January 1, 2025, per its company presentation. For the Tel Aviv submarkets behind many of these assets, see Olam's guide to Tel Aviv neighborhoods.
How does REIT 1 make money and pay investors?
REIT 1 reported 2024 net operating income of ILS 482 million and adjusted funds from operations of ILS 342 million, and it guided to 2025 NOI of ILS 498 million to ILS 508 million, according to its company presentation. It also committed to a minimum total dividend of ILS 168 million for 2025. The same presentation showed an issuer rating of ilAA/Negative at the time, which has since moved to Stable per Simply Wall St.
REITs generally distribute most of their taxable income, which is why distributions are central to the investment case. Dividend yield figures vary by data provider, so Olam does not state a single yield.
What has REIT 1 done recently?
REIT 1 agreed in November 2025 to buy a 45% stake in the former Sypholux factory site on Yigal Alon Street in Tel Aviv for NIS 127.7 million, according to ROIC.ai. The company's CEO is Shmuel Rufa, per Simply Wall St.
How does REIT 1 compare with operating-company peers?
This section is Olam's analysis. REIT 1 sells distribution yield, while operating landlords such as Amot Investments and Melisron sell reinvestment optionality, because they are not built around a mandatory payout. Olam covers the wider sector in its Israeli real estate guide, and the bond side of TASE-listed property in how TASE bond issuance works.
REIT 1 FAQ
Is REIT 1 the first REIT in Israel?
Yes. REIT 1 was established in 2006 as Israel's first real estate investment trust, according to Simply Wall St and the company's own presentation.
What is REIT 1's credit rating?
S&P Maalot rates REIT 1 ilAA/Stable, according to Simply Wall St.
How much property does REIT 1 own?
About 59 yielding assets totaling 750,000 square meters, valued around ILS 9 billion, per ROIC.ai.
What was REIT 1's revenue in 2025?
NIS 522.1 million for the year ended December 31, 2025, according to Simply Wall St.
How we report: Olam stories draw on public filings, company disclosures and named sources, checked by our editors. Read our methodology · Corrections
