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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
|
|||||||||||||
2021
|
2020
|
2021
|
2020
|
|||||||||||||
$
|
$
|
$
|
$
|
|||||||||||||
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
|||||||||||||
GAAP Operating income
|
2,278
|
5,498
|
1,163
|
3,789
|
||||||||||||
Adjustments:
|
||||||||||||||||
Real estate depreciation and amortization
|
1,981
|
1,759
|
1,001
|
888
|
||||||||||||
General and administrative
|
1,583
|
1,512
|
847
|
712
|
||||||||||||
Gain on sale of operating properties
|
-
|
(2,317
|
)
|
-
|
(2,317
|
)
|
||||||||||
Non-GAAP Net Operating Income NOI
|
5,842
|
6,452
|
3,011
|
3,072
|
Six months ended
|
Three months ended
|
|||||||||||||||
June 30
|
June 30
|
June 30
|
June 30
|
|||||||||||||
2021
|
2020
|
2021
|
2020
|
|||||||||||||
$
|
$
|
$
|
$
|
|||||||||||||
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
|||||||||||||
GAAP Net (loss) income attributable to Optibase LTD
|
(1,359
|
)
|
1,894
|
(537
|
)
|
1,777
|
||||||||||
Adjustments :
|
||||||||||||||||
Real estate depreciation and amortization
|
1,981
|
1,759
|
1,001
|
888
|
||||||||||||
Pro-rata share of real estate depreciation and amortization from unconsolidated associates
|
1,463
|
1,644
|
737
|
817
|
||||||||||||
Non-controlling interests share in the above adjustments
|
(652
|
)
|
(598
|
)
|
(332
|
)
|
(303
|
)
|
||||||||
Non-GAAP Fund From Operation (FFO)
|
1,433
|
4,699
|
869
|
3,179
|
||||||||||||
Gain on sale of operating properties
|
-
|
(2,317
|
)
|
-
|
(2,317
|
)
|
||||||||||
Non-GAAP Recurring Fund From Operation (Recurring FFO)
|
1,433
|
2,382
|
869
|
862
|
Six months ended
|
Three months ended
|
|||||||||||||||
June 30
|
June 30
|
June 30
|
June 30
|
|||||||||||||
2021
|
2020
|
2021
|
2020
|
|||||||||||||
$
|
$
|
$
|
$
|
|||||||||||||
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
|||||||||||||
Fixed income real estate rent
|
6,936
|
7,895
|
3,491
|
3,788
|
||||||||||||
Cost and expenses:
|
||||||||||||||||
Cost of real estate operation
|
1,094
|
1,443
|
480
|
716
|
||||||||||||
Real estate depreciation and amortization
|
1,981
|
1,759
|
1,001
|
888
|
||||||||||||
General and administrative
|
1,583
|
1,512
|
847
|
712
|
||||||||||||
Total cost and expenses
|
4,658
|
4,714
|
2,328
|
2,316
|
||||||||||||
Gain on sale of operating properties
|
-
|
2,317
|
-
|
2,317
|
||||||||||||
Operating income
|
2,278
|
5,498
|
1,163
|
3,789
|
||||||||||||
Other Income
|
332
|
148
|
171
|
148
|
||||||||||||
Financial expenses, net
|
(854
|
)
|
(1,164
|
)
|
(255
|
)
|
(563
|
)
|
||||||||
Income before taxes on income
|
1,756
|
4,482
|
1,079
|
3,374
|
||||||||||||
Taxes on income
|
(740
|
)
|
(105
|
)
|
(420
|
)
|
(447
|
)
|
||||||||
Equity share in losses of associates, net
|
(945
|
)
|
(942
|
)
|
(478
|
)
|
(535
|
)
|
||||||||
Net income
|
71
|
3,435
|
181
|
2,392
|
||||||||||||
Net income attributable to non-controlling interests
|
1,430
|
1,541
|
718
|
615
|
||||||||||||
Net income (loss) attributable to Optibase LTD
|
(1,359
|
)
|
1,894
|
(537
|
)
|
1,777
|
||||||||||
Net income (loss) per share :
|
||||||||||||||||
Basic and Diluted
|
$
|
(0.26
|
)
|
$
|
0.37
|
$
|
(0.10
|
)
|
$
|
0.34
|
||||||
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
|
June 30,
2021
|
December 31,
2020
|
|||||||
Unaudited
|
Audited
|
|||||||
Assets
|
||||||||
Current Assets:
|
||||||||
Cash and cash equivalents
|
29,096
|
28,820
|
||||||
Restricted cash
|
681
|
835
|
||||||
Trade receivables, net
|
163
|
216
|
||||||
Other accounts receivables and prepaid expenses
|
2,338
|
569
|
||||||
Bonds related deposits
|
2,292
|
2,564
|
||||||
Total current assets
|
34,570
|
33,004
|
||||||
Long term investments:
|
||||||||
Long-term deposits
|
97
|
98
|
||||||
Right-of-use assets
|
203
|
272
|
||||||
Investments in companies and associates
|
6,111
|
9,269
|
||||||
Total Long term investments
|
6,411
|
9,639
|
||||||
Real estate properties, net
|
182,568
|
192,054
|
||||||
Total assets
|
223,549
|
234,697
|
||||||
Liabilities and shareholders' equity
|
||||||||
Current Liabilities:
|
||||||||
Current maturities of long term loans and bonds
|
4,763
|
6,447
|
||||||
Accounts payable and accrued expenses and other
|
4,377
|
4,144
|
||||||
Operating lease liabilities
|
146
|
166
|
||||||
Liabilities attributed to discontinued operations
|
2,061
|
2,061
|
||||||
Total current liabilities
|
11,347
|
12,818
|
||||||
Long term liabilities:
|
||||||||
Deferred tax liabilities
|
14,549
|
15,095
|
||||||
Land lease liability, net
|
6,723
|
7,054
|
||||||
Operating lease liabilities
|
83
|
146
|
||||||
Long term loans, net of current maturities
|
106,900
|
112,923
|
||||||
Total long term liabilities
|
128,255
|
135,218
|
||||||
Shareholders’ equity:
|
||||||||
Shareholders’ equity of Optibase Ltd
|
58,461
|
61,464
|
||||||
Non-controlling interests
|
25,486
|
25,197
|
||||||
Total shareholders' equity
|
83,947
|
86,661
|
||||||
Total liabilities and shareholders’ equity
|
223,549
|
234,697
|
1 Year Optibase Chart |
1 Month Optibase Chart |
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