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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
|
|||||||||||||
2020
|
2019
|
2020
|
2019
|
|||||||||||||
$ | $ | $ | $ | |||||||||||||
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
|||||||||||||
GAAP Operating income
|
5,498
|
3,098
|
3,789
|
1,559
|
||||||||||||
Adjustments:
|
||||||||||||||||
Real estate depreciation and amortization
|
1,759
|
2,151
|
888
|
1,073
|
||||||||||||
General and administrative
|
1,512
|
1,339
|
712
|
646
|
||||||||||||
Gain on sale of operating properties
|
(2,317
|
)
|
-
|
(2,317
|
)
|
-
|
||||||||||
Non-GAAP Net Operating Income NOI
|
6,452
|
6,588
|
3,072
|
3,278
|
Six months ended
|
Three months ended
|
|||||||||||||||
June 30
|
June 30
|
June 30
|
June 30
|
|||||||||||||
2020
|
2019
|
2020
|
2019
|
|||||||||||||
$
|
$
|
$
|
$
|
|||||||||||||
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
|||||||||||||
Fixed income real estate rent
|
7,895
|
8,107
|
3,788
|
4,027
|
||||||||||||
Cost and expenses:
|
||||||||||||||||
Cost of real estate operation
|
1,443
|
1,519
|
716
|
749
|
||||||||||||
Real estate depreciation and amortization
|
1,759
|
2,151
|
888
|
1,073
|
||||||||||||
General and administrative
|
1,512
|
1,339
|
712
|
646
|
||||||||||||
Total cost and expenses
|
4,714
|
5,009
|
2,316
|
2,468
|
||||||||||||
Gain on sale of operating properties
|
2,317
|
-
|
2,317
|
-
|
||||||||||||
Operating income
|
5,498
|
3,098
|
3,789
|
1,559
|
||||||||||||
Other Income
|
148
|
448
|
148
|
128
|
||||||||||||
Financial expenses, net
|
1,164
|
1,366
|
563
|
661
|
||||||||||||
Income before taxes on income
|
4,482
|
2,180
|
3,374
|
1,026
|
||||||||||||
Taxes on income
|
105
|
768
|
447
|
425
|
||||||||||||
Equity share in losses of associates, net
|
942
|
707
|
535
|
246
|
||||||||||||
Net income
|
3,435
|
705
|
2,392
|
355
|
||||||||||||
Net income attributable to non-controlling interests
|
1,541
|
1,084
|
615
|
543
|
||||||||||||
Net income (loss) attributable to Optibase LTD
|
1,894
|
(379
|
)
|
1,777
|
(188
|
)
|
||||||||||
Net income (loss) per share :
|
||||||||||||||||
Basic and Diluted
|
$
|
0.37
|
$
|
(0.07
|
)
|
$
|
0.34
|
$
|
(0.04
|
)
|
||||||
Number of shares used in computing earnings losses per share
|
||||||||||||||||
Basic
|
5,186
|
5,186
|
5,186
|
5,186
|
||||||||||||
Diluted
|
5,186
|
5,186
|
5,186
|
5,186
|
||||||||||||
Amounts in thousands.
|
June 30,
2020
|
December 31,
2019
|
|||||||
$
|
$
|
|||||||
Unaudited
|
Audited
|
|||||||
Assets
|
||||||||
Current Assets:
|
||||||||
Cash and cash equivalents
|
27,423
|
12,564
|
||||||
Restricted cash
|
990
|
32
|
||||||
Trade receivables, net
|
468
|
536
|
||||||
Other accounts receivables and prepaid expenses
|
1,062
|
628
|
||||||
Property held for sale
|
14,865
|
29,727
|
||||||
Total current assets
|
44,808
|
43,487
|
||||||
Long term investments:
|
||||||||
Other long term deposits and other assets
|
2,472
|
2,678
|
||||||
Right-of-use assets
|
315
|
376
|
||||||
Investments in companies and associates
|
10,566
|
11,657
|
||||||
Total Long term investments
|
13,353
|
14,711
|
||||||
Real estate properties, net
|
181,482
|
181,109
|
||||||
Total assets
|
239,643
|
239,307
|
||||||
Liabilities and shareholders' equity
|
||||||||
Current Liabilities:
|
||||||||
Current maturities of long term loans and bonds
|
7,982
|
28,803
|
||||||
Other accounts payable and accrued expenses
|
24,463
|
5,170
|
||||||
Liabilities attributed to discontinued operations
|
2,061
|
2,061
|
||||||
Total current liabilities
|
34,506
|
36,034
|
||||||
Long term liabilities:
|
||||||||
Deferred tax liabilities
|
13,533
|
13,801
|
||||||
Land lease liability, net
|
6,199
|
6,110
|
||||||
Operating lease liabilities
|
192
|
257
|
||||||
Long term loans, net of current maturities
|
107,293
|
108,406
|
||||||
Long term bonds, net of current maturities
|
1,415
|
2,845
|
||||||
Total long term liabilities
|
128,632
|
131,419
|
||||||
Shareholders’ equity:
|
||||||||
Shareholders’ equity of Optibase Ltd
|
54,453
|
51,844
|
||||||
Non-controlling interests
|
22,052
|
20,010
|
||||||
Total shareholders' equity
|
76,505
|
71,854
|
||||||
Total liabilities and shareholders’ equity
|
239,643
|
239,307
|
||||||
Amounts in thousands
|
1 Year Optibase Chart |
1 Month Optibase Chart |
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