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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Optibase Ltd | NASDAQ:OBAS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.59 | 12.59 | 12.60 | 0 | 01:00:00 |
|
OPTIBASE LTD.
(the “Registrant”) By: /s/ Amir Philips —————————————— Amir Philips Chief Executive Officer |
Six months ended
|
Three months ended
|
|||||||||||||||
June 30
|
June 30
|
June 30
|
June 30
|
|||||||||||||
2019
|
2018
|
2019
|
2018
|
|||||||||||||
$
|
$
|
$
|
$
|
|||||||||||||
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
|||||||||||||
GAAP Operating income
|
3,098
|
2,905
|
1,559
|
1,242
|
||||||||||||
Adjustments:
|
||||||||||||||||
Real estate depreciation and amortization
|
2,151
|
2,152
|
1,073
|
1,055
|
||||||||||||
General and administrative
|
1,339
|
1,826
|
646
|
1,050
|
||||||||||||
Non-GAAP Net Operating Income NOI
|
6,588
|
6,883
|
3,278
|
3,347
|
Six months ended
|
Three months ended
|
|||||||||||||||
June 30
|
June 30
|
June 30
|
June 30
|
|||||||||||||
2019
|
2018
|
2019
|
2018
|
|||||||||||||
$
|
$
|
$
|
$
|
|||||||||||||
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
|||||||||||||
Fixed income real estate rent
|
8,107
|
8,417
|
4,027
|
4,111
|
||||||||||||
Cost and expenses:
|
||||||||||||||||
Cost of real estate operation
|
1,519
|
1,534
|
749
|
764
|
||||||||||||
Real estate depreciation and amortization
|
2,151
|
2,152
|
1,073
|
1,055
|
||||||||||||
General and administrative
|
1,339
|
1,826
|
646
|
1,050
|
||||||||||||
Total cost and expenses
|
5,009
|
5,512
|
2,468
|
2,869
|
||||||||||||
Operating income
|
3,098
|
2,905
|
1,559
|
1,242
|
||||||||||||
Other Income
|
448
|
310
|
128
|
149
|
||||||||||||
Financial expenses, net
|
(1,366
|
)
|
(1,503
|
)
|
(661
|
)
|
(776
|
)
|
||||||||
Income before taxes on income
|
2,180
|
1,712
|
1,026
|
615
|
||||||||||||
Taxes on income
|
(768
|
)
|
(740
|
)
|
(425
|
)
|
(358
|
)
|
||||||||
Equity share in losses of associates, net
|
(707
|
)
|
(1,662
|
)
|
(246
|
)
|
(842
|
)
|
||||||||
Net income (loss)
|
705
|
(690
|
)
|
355
|
(585
|
)
|
||||||||||
Net income attributable to non-controlling interests
|
1,084
|
1,068
|
543
|
501
|
||||||||||||
Net loss attributable to Optibase LTD
|
(379
|
)
|
(1,758
|
)
|
(188
|
)
|
(1,086
|
)
|
||||||||
Net loss per share :
|
||||||||||||||||
Basic and Diluted
|
$
|
(0.07
|
)
|
$
|
(0.34
|
)
|
$
|
(0.04
|
)
|
$
|
(0.21
|
)
|
||||
Number of shares used in computing earnings losses per share
|
||||||||||||||||
Basic
|
5,186
|
5,184
|
5,186
|
5,186
|
||||||||||||
Diluted
|
5,186
|
5,184
|
5,186
|
5,186
|
||||||||||||
Amounts in thousands
|
June 30,
2019
|
December 31,
2018
|
|||||||
Unaudited
|
Audited
|
|||||||
Assets
|
||||||||
Current Assets:
|
||||||||
Cash and cash equivalents
|
14,515
|
13,836
|
||||||
Restricted cash
|
32
|
31
|
||||||
Trade receivables, net
|
763
|
427
|
||||||
Other accounts receivables and prepaid expenses
|
450
|
320
|
||||||
Total current assets
|
15,760
|
14,614
|
||||||
Long term investments:
|
||||||||
Other long term deposits and other assets
|
4,336
|
2,477
|
||||||
Investments in companies and associates
|
13,487
|
14,377
|
||||||
Total Long term investments
|
17,823
|
16,854
|
||||||
Property and other assets, net:
|
||||||||
Real estate properties, net
|
211,753
|
212,349
|
||||||
Other assets, net
|
153
|
141
|
||||||
Total property and other assets
|
211,906
|
212,490
|
||||||
Total assets
|
245,489
|
243,958
|
||||||
Liabilities and shareholders' equity
|
||||||||
Current Liabilities:
|
||||||||
Current maturities of long term loans and bonds
|
5,941
|
5,788
|
||||||
Accounts payable and accrued expenses and other
|
4,868
|
4,103
|
||||||
Liabilities attributed to discontinued operations
|
2,061
|
2,061
|
||||||
Total current liabilities
|
12,870
|
11,952
|
||||||
Long term liabilities:
|
||||||||
Deferred tax liabilities
|
13,787
|
13,752
|
||||||
Land lease liability, net
|
6,128
|
6,134
|
||||||
Other long term liabilities
|
461
|
206
|
||||||
Loan from controlling shareholder
|
2,523
|
2,476
|
||||||
Long term loans, net of current maturities
|
129,920
|
130,806
|
||||||
Long term bonds, net of current maturities
|
4,132
|
5,239
|
||||||
Total long term liabilities
|
156,951
|
158,613
|
||||||
Shareholders’ equity:
|
||||||||
Shareholders’ equity of Optibase Ltd
|
54,569
|
53,559
|
||||||
Non-controlling interests
|
21,099
|
19,834
|
||||||
Total shareholders' equity
|
75,668
|
73,393
|
||||||
Total liabilities and shareholders’ equity
|
245,489
|
243,958
|
||||||
Amounts in thousands
|
1 Year Optibase Chart |
1 Month Optibase Chart |
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