Gazit Globe

Symbol: GZTGF
Exchange: OTCMKTS
Founded: 1982 (37 years)
HQ: Miami, FL, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail

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See GZTGF on SEC.gov

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Overall Score: 5.4

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 6, 2019


Open Price: N/A
Closing Price: N/A
Price Change: -0.04 (-0.387%)
Lowest Price: $10.3
Highest Price: $10.3

52-Week Low: $6.78
52-Week High: $11.01
52-Week Change: 32.22%

5 Day Price Change: N/A
1 Month Price Change: 3.40%
3 Month Price Change: 7.88%
6 Month Price Change: 20.23%
YTD Price Change: 47.29%
1 Year Price Change: 32.73%
2 Year Price Change: -2.54%
5 Year Price Change: -10.94%

Dividend of Trading Day December 6, 2019


Dividend Yield: N/A
Annualized Dividend: $0.38*
Dividend Yield (TTM): 4.285%
Annualized Dividend (TTM): $0.4413
Ex Dividend Date: 2019-09-06
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Funds From Operations (FFO)


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Key Stats of Trading Day December 6, 2019


Total Cash: $543,520,439
Current Debt: $687,228,206
Revenue: $792,987,845
Gross Profit: $552,115,353
Total Revenue: $792,987,845
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $449,758,460
Revenue Per Share: $4
Revenue Per Employee: $1,032,536
Employee: 768
Debt to Equity Ratio (D/E): 3.02
Profit Margin: -0.09%
Enterprise Value (EV): $8,877,906,294
Enterprise Value to Revenue (EV/R): 11.20
Price to Sales (P/S): 2.40
Price to Book (P/B): 0.76
Peg Ratio: N/A
P/E Ratio: 11.53
P/E High: 25.44
P/E Low: 15.67
Forward P/E Ratio: N/A
Market Capitalization: $1,899,917,400
Beta: 0.42
Latest Volume: 480.00
Avg. Total Volume: 983
Avg. 10 Volume: 449.60
Avg. 30 Volume: 983.47
TTM EPS: 0.89
TTM Dividend Rate: 0.44
Shares Outstanding: 184,458,000
Float: 74,801,592.62
50-Day Moving Avg.: 10.03
200-Day Moving Avg.: 8.86

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Properties Owned by GZTGF


Properties owned:
104
Types:
3
States:
3
Countries:
15
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
GZTGF Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by GZTGF, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 423,211,922 411,602,249 178,819,899 487,321,871
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 138,385,408 140,752,268 98,089,190 56,198,568
Long-term Investments 1,049,254,848 1,016,668,770 1,004,863,130 1,868,736,201
Property, Plant & Equipment Net 56,102,192 58,600,048 58,688,195 45,226,467
Goodwill 0 0 0 167,257,644
Intangible Assets 184,993,383 0 190,667,750 16,859,570
Other Assets 176,649,980 621,048,350 1,240,993,570 303,204,660
Net Tangible Assets 2,261,925,312 2,339,515,779 2,353,038,423 2,321,803,706
Total Assets 12,095,344,957 12,721,257,237 13,078,099,384 13,170,268,281
Accounts Payable 0 0 0 0
Liabilities (Other) 582,311,990 561,046,390 568,145,810 545,393,720
Current Liabilities (Other) 0 0 0 19,535,693
Total Current Liabilities 0 0 0 0
Current Long-term Debt 649,634,616 640,955,545 235,028,311 346,557,838
Long-term Debt 5,904,539,962 6,264,036,674 6,924,104,867 6,834,281,127
Total Liabilities 7,928,246,735 8,371,395,326 8,723,325,113 8,632,367,699
Minority Interest 13,616,258 18,083,760 20,038,578 22,408,682
Common Stock 184,449,820 67,852,687 67,229,669 65,297,384
Retained Earnings 1,609,989,067 1,457,150,468 1,475,195,283 1,441,627,082
Treasury Stock 0 40,655,535 37,472,275 15,253,897
Capital Surplus 1,339,547,730 1,344,156,117 1,339,358,287 1,300,595,437
Shareholder Equity 2,261,925,312 2,339,515,779 2,353,038,423 2,489,061,350

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 196,868,390 196,417,459 198,464,275 198,978,297
Cost of Revenue 51,344,638 52,303,799 57,919,726 61,016,411
Gross Profit 145,523,752 144,113,660 140,544,549 137,961,886
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 75,173,088 77,342,852 83,173,825 91,254,633
Operating Income 117,440,220 82,628,880 51,331,700 96,114,340
Income Expense Net (Other) 78,577,154 -99,878,005 50,508,198 -48,327,151
EBIT 117,440,220 82,628,880 51,331,700 96,114,340
Interest Income 62,691,519 99,599,788 48,586,690 135,262,045
Pretax Income 196,017,374 -17,249,125 101,839,898 47,787,189
Income Tax 49,075,261 -14,467,008 85,918,836 12,689,254
Minority Interest 13,616,258 18,083,760 20,038,578 22,408,682
Net Income 134,460,543 -23,091,571 11,529,045 43,197,459
Net Income Basic 134,460,543 -23,091,571 11,529,045 43,197,459

Cash Flow

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Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 134,460,543 -23,091,571 11,529,045 43,197,459
Depreciation 2,073,070 1,980,878 2,470,510 12,864,445
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 223,078 224,389,656 -256,384,002 232,026,606
Cash Flow 103,672,931 40,225,923 53,253,208 89,861,525
Capital Expenditures -2,165,895 -3,141,962 -6,039,024 -4,803,671
Investments 217,053,958 665,299,369 -301,676,679 -184,780,113
Investing Activity (Other) 0 0 0 5,266
Total Investing Cash Flows 205,510,505 662,420,776 -308,813,707 -201,472,078
Dividends Paid -22,493,057 -42,002,631 -20,038,578 -20,923,669
Net Borrowings -248,747,720 -382,014,006 80,154,313 405,470,112
Cash Flow Financing -290,232,278 -474,217,364 9,882,039 339,080,430
Financing Cash Flows (Other) -18,128,769 -27,928,863 -28,548,112 -27,205,893
Exchange Rate Effect -18,728,080 -4,039,678 -10,705,542 4,556,729

About Gazit Globe


Gazit-Globe Symbol changed from (NYSE:GZT) to (OTC:GZTGF). Gazit-Globe is an owner, developer, and operator of supermarket-anchored shopping centers and retail-based, mixed-use properties located in urban growth markets in North America, Brazil, Israel, Northern, Central and Eastern Europe. The Group continues to look for opportunities within its core business, in geographies in which it already operates as well as other regions. The Company’s shares are listed on the Tel Aviv Stock Exchange Ltd. (“TASE”), the New York Stock Exchange (“NYSE”), and the Toronto Stock Exchange (“TSX”), under the ticker symbol “GZT”.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
3 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
6 Dividend to Economic FFO Payout Ratio Health: Analysis of the REIT’s Dividend to Economic FFO Payout Ratios during the last four quarters. 8.9
1 Dividend to Economic FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Economic FFO Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
8 Economic FFO Trend: Analysis of the REIT’s Economic FFO trend during the last two years. 8.7
8 Economic FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
6 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
1 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
4 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
5.4 Overall REITRating™ Score 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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