G City (GZTGF) 2022年年度报告「OTC」.pdf

1、 2220 GAZITRESULTS Chaim Katzman Founder and CEO Dear Shareholders,We are concluding an action-filled year,during which we completed a significant stage in our strategy to transform the Company into a wholly owned operational company,with the merger of G City Europe(formerly Atrium);we presented goo

2、d operating results and continued to move forward with the plan for improving and diversifying our property portfolio,as well as focusing on the urban supermarket shopping center sector in capital and key cities around the world,while all along generating additional mixed-use building rights in our

3、existing properties.The Groups exclusive properties,located in diverse cities worldwide,from Tel Aviv to Warsaw and Stockholm,to Miami and Sao Paulo,show strong results that are reflected in the NOI growth from similar properties that increased in 2022 by 14.3%compared to last year and by 14%in the

4、fourth quarter of 2022.We are witnessing strong demand for space in our properties,where occupancy rates at the end of the year reached 94.7%,an increase of 0.3%compared to last year.Average rent per sq.m increased over the past year,in all the countries in which we operate,by 7%and the demand for p

5、rime space in key locations continues to be strong.In the next few days,we will launch one of the Lego flagship stores in G Citys Cinema City complex in Rishon Lezion,when during the year we opened the Adidas flagship store in Sao Paulo and shortly afterwards the Adidas flagship store in Warsaw,as w

6、ell as the first Uniqlo store in Warsaw.All of these further prove the exclusivity of and demand for our properties.With regard to rental agreements,almost all of the rental agreements in our properties are index-linked,which of course will continue to contribute to our NOI and cash flow growth,also