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OVERVIEW
Established in 1989, Alony Hetz Properties & Investments Ltd. (TASE: ALHE) is one of Israel’s largest holding real-estate investment companies. The Company focuses on income-generating commercial real estate in Israel and overseas, primarily long-term leasing to quality tenants. The Company has a reputation for its highly efficient management practices, and for its outstanding record of investments. Alony Hetz has strong and stable financial resources, and is rated il A stable by Ma’alot (the principle Israeli rating agency of S&P) and il A1 stable by Midroog (the principle Israeli rating agency of Moody’s).
Alony-Hetz enjoys exceptionally strong relations with Israel’s financial community. This is an outgrowth of the Company’s strong growth year after year, and its high degree of transparency towards investors and capital markets. One of Alony-Hetz’s strengths lies in creating sophisticated financing structures, which may incorporate straight and convertible bonds, options and other instruments. Alony Hetz has a track record of creating shareholder value far above the expectations of the Tel Aviv Stock Exchange. Alony Hetz has a long-standing policy of distributing dividends on a quarterly basis.
Investment Strategy
Alony Hetz’s strategy is to manage large and diversified revenue-generating property portfolio, maintaining a balance between high-return investments in developing areas and conservative investments in mature markets. Leveraging expertise, financial resources and access to deal flow, the company identifies highly profitable properties, leasing them in long term contracts to quality tenants.
Alony Hetz was one of the first Israeli companies to make major real estate investments outside of Israel in Western countries.
Value of Portfolio Investments in NIS Billion as June 2011
Value to Shareholders
Alony Hetz is committed to a continuous increase in shareholders’ equity through capital issues, maintaining its clear and declared policy of dividend distributions. In addition, the company contributes 1.4% of its net income to support and educational activities for troubled youth.
Control of the Company
Alony Hetz is controlled by the Hetz Family (21%) & the Wertheim group (25%).
The Wertheim Group are the owners of the Central Bottling Company (Coca-Cola Israel) & the Israeli Beverage Company (Carlsberg). Also, the Wertheim Group are part of the controlling block of Mizrahi-Tefahot bank, which is the fourth largest bank in Israel, and of Keshet Broadcasting, which is the leading T.V. broadcasting company in Israel.
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