Revenue distribution by industry:

• Retail: 70%
• Office real estate: 20%
• Leisure and entertainment: 10%

TOP 3 markets and their percentage shares:

• Israel: 50%
• USA: 30%
• Serbia: 20%

BIG Shopping Centers Ltd generates the majority of its revenue from the retail sector, which is typical for a company specializing in shopping centers. The main markets are Israel, the USA, and Serbia, with Israel having the largest share of revenue. This reflects BIG's strong presence and market position in these regions. The diversification into office real estate and leisure offerings demonstrates a strategic expansion of the business model.

Production of Products: Not applicable

BIG Shopping Centers Ltd (TASE:BIG) is a real estate company specializing in the ownership, development, and management of shopping centers and commercial properties. The company does not produce physical products but offers real estate spaces for rent.

BIG Shopping Centers operates and develops its projects mainly in Israel and the USA. The business model focuses on the management and leasing of retail spaces, not on the production of goods.

Revenue Growth: 10.5% (2024) Expansion in the USA: 5 new shopping centers planned by 2026

BIG Shopping Centers Ltd is pursuing a strategy of international expansion, particularly in the USA. The company plans to expand its presence through the acquisition and development of new shopping centers. This strategy aims to capitalize on the stable economic situation and high consumer demand in the USA.

In addition, BIG is investing in the modernization and digitalization of its existing centers to enhance the customer experience and increase visitor numbers. This includes the use of new technologies to optimize operations and improve efficiency.

Another focus is on sustainable investments to reduce the ecological footprint and lower costs in the long term. These measures are intended not only to promote growth but also to strengthen the company's competitiveness.

Main Imported Materials: Building materials, electronics, furnishings

Countries of Origin: China, Germany, Italy, USA

BIG Shopping Centers Ltd imports a variety of materials necessary for the construction and outfitting of their shopping centers. This includes building materials such as steel and concrete, which are often sourced from China and Germany. Electronic components and systems needed for the infrastructure of the shopping centers are frequently from the USA and China.

Furnishing materials, including furniture and decorative elements, are often imported from Italy, known for its design and quality. This diversification of sources allows BIG Shopping Centers to procure high-quality materials at competitive prices and to benefit from the respective strengths of the countries of origin.

Market share: 20% in the Israeli retail real estate market (2024)

EBITDA margin: 65% (2024)

BIG Shopping Centers Ltd has a significant competitive advantage in the Israeli retail real estate market. With a market share of approximately 20%, the company is one of the leading players in this sector.

The high EBITDA margin of 65% demonstrates the efficiency and profitability of the company compared to its competitors. This margin indicates that BIG Shopping Centers is able to effectively control its costs while generating high revenues.

Additionally, the company benefits from strong brand recognition and a diversified real estate strategy that includes both shopping centers and mixed-use real estate projects. This allows BIG to hedge against economic fluctuations and generate stable income.

Overall, these factors position BIG Shopping Centers Ltd as a strong competitor with sustainable advantages in the market.

Institutional Investor Share: approx. 60% (estimate 2025)

Insider Buys/Sells: No significant transactions reported (2025)

The institutional investor share in BIG Shopping Centers Ltd is estimated to be around 60%. This reflects the confidence of institutional investors in the company's stability and growth potential.

In 2025, no significant insider transactions were reported, indicating that the management is currently not making any major changes to their stake in the company. This could suggest stable corporate governance and a balanced confidence in future developments.

Market share of BIG Shopping Centers Ltd: 8% (2025, estimated)

Main competitors and their market shares:

1. Azrieli Group Ltd: 12%
2. Melisron Ltd: 10%
3. Gazit-Globe Ltd: 9%
4. BIG Shopping Centers Ltd: 8%
5. Alony Hetz Properties and Investments Ltd: 7%

Moat of BIG Shopping Centers Ltd:

BIG Shopping Centers Ltd has a moderate moat, mainly characterized by their strategic location selection and management of shopping centers in high-growth regions. This enables them to have a stable customer base and consistent rental income.

Compared to competitors, Azrieli Group Ltd has a stronger moat due to its more diversified portfolio and larger presence in prime locations. Melisron Ltd and Gazit-Globe Ltd also have significant advantages through their established brands and international expansion strategies.

Overall, the moat of BIG Shopping Centers Ltd is solid, but not as pronounced as that of their largest competitors, who excel through greater diversification and international presence.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Occupancy Rate: 97% (2024)

BIG Shopping Centers Ltd recorded a revenue growth of 8.5% in 2024, attributed to strong demand for retail space and successful expansion into new markets. The profit growth of 10.2% during the same period indicates that the company is operating efficiently and managing its costs well.

The high occupancy rate of 97% suggests that the company's properties are in high demand, securing a stable source of income. These metrics indicate solid financial health and positive business development.

Additionally, in recent years, BIG Shopping Centers Ltd has invested in strategic projects and modernizations to strengthen its market position and ensure future growth. These factors could make the stock an attractive investment, especially for investors interested in stable and long-term returns.

Dividend Yield: Estimate 4.5% (2025)
Dividend History: Regular payouts in recent years

BIG Shopping Centers Ltd has regularly distributed dividends to its shareholders in the past. The dividend yield is estimated to be around 4.5% for the year 2025, based on the latest available financial reports and the company's previous payout policy.

The company has a solid dividend history, indicating a reliable payout. The stability of dividend payments is supported by the strong market position and stable business model in real estate development and management. Analysts believe that BIG Shopping Centers will continue to be able to pay dividends in the future, barring significant market changes.