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REIT 1 Ltd (RIT1) Fair Value & Analysis

Real Estate · Il · Market cap 4.4B ILA

R1 REIT 1 Ltd RIT1 · TA
Price21.60 ILA
Fair Value18.24 ILA
Upside-15.6%
Quality59/100
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Mixed Growth
Highly profitable · 94.8% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 65/100
Evidence: High Range 12.29 ILA – 45.79 ILA Share as image

Fair value as of: Jul 19, 2026

From 16 valuation models · updated 21 days ago

Share price −5.7% over the past month.

A solid business, but screening 16% overvalued on our models.

What matters now

  • The model range is unusually wide (12.29 ILA to 45.79 ILA). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

28.75 ILA 11.85 ILA Fair Value 18.24 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 11.85 ILA – 28.75 ILA · fair‑value band 12.29 ILA – 45.79 ILA · the 21.60 ILA price screens above the 18.24 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

REIT 1 Ltd (RIT1) currently trades at 21.60 ILA, while our model-based Fair Value estimate is 18.24 ILA, implying the stock looks roughly 15.6% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, REIT 1 Ltd generated revenue of 503M ILA at a net margin of 94.8%. Revenue declined 12.8% year over year. It earns a return on equity of 10.8%. Net debt stands at 4.7B ILA. Fundamentals as of Jul 19, 2026

Our scenario range runs from 12.29 ILA (bear case) to 45.79 ILA (bull case); at 21.60 ILA, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at -16%, RIT1 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 0.9900 ILA 12.00 ILA 29.61 ILA 80
Residual Income 20.12 ILA 22.55 ILA 37.00 ILA 76
Rev-Margin DCF 7.82 ILA 19.29 ILA 74
All 16 models by family
DCF Models
FCF DCF 1.13 ILA 13.23 ILA 33.33 ILA 38
5Y Revenue Exit 7.99 ILA 20.69 ILA 39
5Y EBITDA Exit 6.83 ILA 25.01 ILA 47.87 ILA 41
10Y Revenue Exit 8.03 ILA 21.77 ILA 36
10Y EBITDA Exit 4.66 ILA 20.19 ILA 43.89 ILA 37
Dividend Discount
Gordon GGM 7.34 ILA 14.63 ILA 22.16 ILA 70
DDM Multi-Stage 7.34 ILA 12.65 ILA 15.45 ILA 61
Multiples
P/S Multiple 12.29 ILA 16.38 ILA 20.48 ILA 58
P/B Multiple 31.34 ILA 41.79 ILA 52.24 ILA 55
EV/EBIT 20.75 ILA 32.65 ILA 44.54 ILA 53
EV/EBITDA 11.91 ILA 20.86 ILA 29.81 ILA 54
EV/Revenue 2.71 ILA 8.00 ILA 43
Asset-Based
NCAV (Graham) 11.37 ILA 15.23 ILA 22.74 ILA 50
Growth DCF
Growth DCF 0.9900 ILA 12.00 ILA 29.61 ILA 80
Rev-Margin DCF 7.82 ILA 19.29 ILA 74
Economic Profit
Residual Income 20.12 ILA 22.55 ILA 37.00 ILA 76

Widest divergence: Economic Profit (22.55 ILA) versus Growth DCF (7.82 ILA). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 503M ILA
Revenue growth (YoY) -12.8%
Net margin 94.8%
Return on equity 10.8%
Free cash flow 267M ILA FY2025
P/E ratio 9.2
More key figures
Operating margin 81.3%
EPS (TTM) 2.39 ILA
Dividend yield 0.0%
EPS growth (YoY) -25.4%
Net debt 4.7B ILA FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 42

Profitability 40
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 63
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

REIT 1 Ltd., established in 2006 as Israel's first Real Estate Investment Trust (REIT), was created following the approval of REIT structures by Israeli authorities to enable broad public participation in large-scale commercial property investments.

Full company description

REIT 1 Ltd., established in 2006 as Israel's first Real Estate Investment Trust (REIT), was created following the approval of REIT structures by Israeli authorities to enable broad public participation in large-scale commercial property investments. REITs have been widely used globally since the 1960s, and REIT 1 owns and operates a portfolio of nearly 750,000 square meters located in attractive locations and submarkets throughout Israel. The company's shares trade on the Tel Aviv Stock Exchange under the ticker symbol RITI and are included in the Tel Aviv 125 and Tel-Div indices. REIT 1 is rated ilAA/Stable by Standard & Poor's Ma'alot.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

REIT 1 Ltd reported revenue of 510M ILA in FY2025 versus 329M ILA in FY2021, a compound +11.6%/yr. Reported net income was 497M ILA in FY2025, compounding −0.5%/yr from FY2021.

Growth Quality 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
510M ILS
Latest YoY
+15.9%
Avg. growth/yr (3Y)
+9.6%
Avg. growth/yr (5Y)
+10.6%
Avg. growth/yr (18Y)
+15.8%
Revenue +11.6%/yr
FY21 329M ILA
FY22 387M ILA
FY23 380M ILA
FY24 440M ILA
FY25 510M ILA
Net income −0.5%/yr
FY21 508M ILA
FY22 565M ILA
FY23 351M ILA
FY24 293M ILA
FY25 497M ILA

RIT1 screens 16% overvalued. Compare with Goodman Group →

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Cite: Fair Value Calculator (2026). "REIT 1 Ltd Fair Value". https://www.fairvalue-calculator.com/stock/RIT1

Peer Group

REIT - Diversified · 165 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Above median
Fair Value upside −16% · Below median
Return on equity (TTM) 11% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 95% · Top 25%
Operating margin (TTM) 81% · Top 25%
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.74× · Higher than median

Valuation Multiples vs REIT - Diversified median · lower = cheaper

P/E (TTM) 9.2× · Cheaper than median
P/B 0.31× · Cheaper than 75% of peers
P/S (TTM) 2.88× · Cheaper than median
P/FCF 5.4× · Cheaper than median
EV/EBITDA 6.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 13 · sector 13
FUTURE 0 · sector 13
PAST 43 · sector 20
HEALTH 63 · sector 72
DIVIDEND 1 · sector 97

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Goodman Group GMG A$29.11 A$7.37 -75%
VICI Properties Inc VICI $26.73 $41.74 +56%
W. P. Carey Inc WPC $76.69 $35.59 -54%
Charter Hall Group CHC A$21.90 A$11.46 -48%
Fibra Uno FUNO11 31.10 MXN 63.56 MXN +104%
COV COV €52.55 €62.39 +19%
The GPT Group GPT A$4.89 A$3.49 -29%
Mirvac Group MGR A$1.70 A$0.5700 -66%
KLCC Property Holdings 5235SS 8.85 MYR 6.91 MYR -22%
CRRUN CRRUN C$17.65 C$17.89 +1%

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Frequently asked questions

Is REIT 1 Ltd (RIT1) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 18.24 ILA versus a price of 21.60 ILA, about −16% (overvalued).
What is the fair value of RIT1?
Our model-based fair value for REIT 1 Ltd is 18.24 ILA (as of Jul 19, 2026), built from audited fundamentals. The current price is 21.60 ILA.
What is the quality score of RIT1?
REIT 1 Ltd has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of REIT 1 Ltd (RIT1)?
REIT 1 Ltd reported trailing-twelve-month revenue of about 503M ILS (latest available figure, as of Jul 19, 2026).
What is the net profit margin of RIT1?
The net profit margin of REIT 1 Ltd is about 94.8%, meaning it keeps roughly 94.8% of revenue as net income. Based on the latest reported figures.
Does REIT 1 Ltd pay a dividend?
REIT 1 Ltd currently shows a dividend yield of about 0.04% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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