Azrieli Group Ltd (AZRGF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to Azrieli Group Q2 twenty twenty six Conference Call for Global Investors. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. With us today are Ms. Anna Azrieli, CEO and Mr. Ariel Goldstein, CFO. This conference call will be accompanied by a slide presentation. It can be found on Azrieli's site www.azrieligroup.com on the Investor Relations page and the media room presentations and the financial reports can be found on the website as well. I would like to remind everyone that forward looking statements for the respective company's business, financial condition and results of its operations are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. Please note that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Dana Azrieli, CEO. Please go ahead. Good morning or good afternoon and thank you for joining the Azrieli Group's conference call to review second quarter of twenty twenty six. I am very pleased to be with you this afternoon. We are wrapping up a strong quarter for the Azrieli Group. Our operating results were solid with real growth across all key business segments. The NOI increased this quarter compared to last year, but the financial statements do not reflect the full impact as exchange rates negatively affected shekel denominated revenue from the data center business, which continued to grow in constant currencies by approximately 4%. In our Offices segment, we saw certain decline, which reflects the one time termination payment we received last year following METTA's departure from the Azrieli Sirona Tower. Ex...