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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 |
Nine months ended
|
Three months ended
|
|||||||||||||||
September 30
|
September 30
|
September 30
|
September 30
|
|||||||||||||
2020
|
2019
|
2020
|
2019
|
|||||||||||||
$
|
$
|
$
|
$
|
|||||||||||||
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
|||||||||||||
GAAP Operating income
|
14,056
|
4,629
|
8,558
|
1,531
|
||||||||||||
Adjustments:
|
||||||||||||||||
Real estate depreciation and amortization
|
2,718
|
3,238
|
959
|
1,087
|
||||||||||||
General and administrative
|
1,800
|
2,010
|
288
|
671
|
||||||||||||
Gain on sale of operating properties
|
(9,127
|
)
|
-
|
(6,810
|
)
|
-
|
||||||||||
Non-GAAP Net Operating Income NOI
|
9,447
|
9,877
|
2,995
|
3,289
|
Nine months ended
|
Three months ended
|
|||||||||||||||
September 30
|
September 30
|
September 30
|
September 30
|
|||||||||||||
2020
|
2019
|
2020
|
2019
|
|||||||||||||
$
|
$
|
$
|
$
|
|||||||||||||
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
|||||||||||||
Fixed income real estate rent
|
11,431
|
12,094
|
3,536
|
3,987
|
||||||||||||
Cost and expenses:
|
||||||||||||||||
Cost of real estate operation
|
1,984
|
2,217
|
541
|
698
|
||||||||||||
Real estate depreciation and amortization
|
2,718
|
3,238
|
959
|
1,087
|
||||||||||||
General and administrative
|
1,800
|
2,010
|
288
|
671
|
||||||||||||
Total cost and expenses
|
6,502
|
7,465
|
1,788
|
2,456
|
||||||||||||
Gain on sale of operating properties
|
9,127
|
-
|
6,810
|
-
|
||||||||||||
Operating income
|
14,056
|
4,629
|
8,558
|
1,531
|
||||||||||||
Other Income
|
301
|
578
|
153
|
130
|
||||||||||||
Financial expenses, net
|
1,758
|
2,036
|
594
|
670
|
||||||||||||
Income before taxes on income
|
12,599
|
3,171
|
8,117
|
991
|
||||||||||||
Taxes on income
|
1,665
|
1,142
|
1,560
|
374
|
||||||||||||
Equity share in losses of associates, net
|
1,569
|
1,270
|
627
|
563
|
||||||||||||
Net income
|
9,365
|
759
|
5,930
|
54
|
||||||||||||
Net income attributable to non-controlling interests
|
2,307
|
1,634
|
766
|
550
|
||||||||||||
Net income (loss) attributable to Optibase LTD
|
7,058
|
(875
|
)
|
5,164
|
(496
|
)
|
||||||||||
Net income (loss) per share :
|
||||||||||||||||
Basic and diluted
|
$
|
1.36
|
$
|
(0.17
|
)
|
$
|
1
|
$
|
(0.10
|
)
|
||||||
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.
|
September 30,
2020
|
December 31,
2019
|
|||||||
$
|
$
|
|||||||
Unaudited
|
Audited
|
|||||||
Assets
|
||||||||
Current Assets:
|
||||||||
Cash and cash equivalents
|
29,676
|
12,564
|
||||||
Restricted cash
|
912
|
32
|
||||||
Trade receivables, net
|
366
|
536
|
||||||
Other accounts receivables and prepaid expenses
|
840
|
628
|
||||||
Property held for sale
|
-
|
29,727
|
||||||
Total current assets
|
31,794
|
43,487
|
||||||
Long term investments:
|
||||||||
Other long term deposits and other assets
|
2,495
|
2,678
|
||||||
Right-of-use assets
|
283
|
376
|
||||||
Investments in companies and associates
|
9,890
|
11,657
|
||||||
Total long term investments
|
12,668
|
14,711
|
||||||
Real estate properties, net
|
185,560
|
181,109
|
||||||
Total assets
|
230,022
|
239,307
|
||||||
Liabilities and shareholders' equity
|
||||||||
Current Liabilities:
|
||||||||
Current maturities of long term loans and bonds
|
6,137
|
28,803
|
||||||
Other accounts payable and accrued expenses
|
6,412
|
5,170
|
||||||
Liabilities attributed to discontinued operations
|
2,061
|
2,061
|
||||||
Total current liabilities
|
14,610
|
36,034
|
||||||
Long term liabilities:
|
||||||||
Deferred tax liabilities
|
14,208
|
13,801
|
||||||
Land lease liability, net
|
6,759
|
6,110
|
||||||
Operating lease liabilities
|
159
|
257
|
||||||
Long term loans, net of current maturities
|
108,960
|
108,406
|
||||||
Long term bonds, net of current maturities
|
1,434
|
2,845
|
||||||
Total long term liabilities
|
131,520
|
131,419
|
||||||
Shareholders’ equity:
|
||||||||
Shareholders’ equity of Optibase Ltd
|
60,439
|
51,844
|
||||||
Non-controlling interests
|
23,453
|
20,010
|
||||||
Total shareholders' equity
|
83,892
|
71,854
|
||||||
Total liabilities and shareholders’ equity
|
230,022
|
239,307
|
||||||
Amounts in thousands
|
1 Year Optibase Chart |
1 Month Optibase Chart |
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