The Israel Real Estate Index (IREI™) measures unlevered total returns of directly held, income-producing property from one annual valuation to the next, for standing assets only. The Index tracks the performance of 1,037 real estate investments across eight constituent platforms, with a total market value of ₪129.8bn as at December 2025.
Returns are time-weighted, calculated using the Modified Dietz method and chain-linked across periods. The Index was developed by Ron Cohen VAS with academic advisory input and is maintained and operated by Ron Cohen VAS. For full results, methodology and attribution analysis, contact [email protected].
MSCI Global: standing investments, USD. Source: MSCI Global Annual Property Index Factsheet, December 2025. Reproduced with the kind permission of MSCI Inc.
Israeli real estate assets only. Excludes overseas holdings. Data sourced from annual reports published with TASE.
Annualised returns, volatility and risk metrics. Returns calculated using Modified Dietz time-weighted return, chain-linked across periods. Standing income-producing assets only – land, development and construction assets excluded. Consolidated basis, Israeli assets only. Volatility = standard deviation of annual total returns.
Coverage. The Index tracks 1,037 directly held, income-producing assets across eight constituent platforms – some ₪129.8bn of market value at December 2025 – Israeli assets only, with overseas holdings excluded.
Return measure. Unlevered total return from one annual valuation to the next, for standing assets only; land, development and construction are excluded. Returns are time-weighted, calculated using the Modified Dietz method and chain-linked across periods.
Sectors. Office, Industrial/Logistics, Retail and Other, classified by the market value of standing assets. Sector return splits income return (NOI yield) from capital growth.
Attribution. Platform-level timing and selection effects on a Brinson–Fachler basis, measuring each platform's contribution to relative return.
Global comparison. Benchmarked against the MSCI Global Annual Property Index (standing investments, USD), from the MSCI Global Annual Property Index Factsheet, December 2025, reproduced with the kind permission of MSCI Inc.
For full Index results, methodology and attribution analysis, please contact us.
[email protected]Source: constituent platforms' annual reports published with TASE (gross asset value and NOI); MSCI Global Annual Property Index Factsheet, December 2025 (reproduced with the kind permission of MSCI Inc.); Israel Real Estate Index (IREI™), Ron Cohen VAS.
Disclaimer. While we have made every attempt to ensure that the information included in the Index has been obtained from reliable sources, we are not responsible for any errors or omissions, or for the results obtained from the use of the information in the Index. All information included in the Index is provided “as is” with no guarantee of completeness, accuracy or timeliness of the results obtained from using the information in the Index. We make no representations or warranties of any kind, express or implied, with respect to the Index. In no event will Ron Cohen VAS or its related affiliates or owners be liable for any decision made or action taken in reliance on the information in the Index, or for any consequential, special or similar damages. Nothing included in the Index should be considered investment advice or a recommendation to make (or refrain from making) any kind of investment decision, and may not be relied on as such. © Ron Cohen VAS 2026.
