Keystone Reit (KSTN) AI Stock Analysis

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Keystone Reit

(TASE:KSTN)

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Rating:65Neutral

Price Target:ILA 1,840.00▲(7.48% Upside)

Action:reiterated

Date:08/29/26

The score is driven primarily by mixed financial performance: moderate leverage and strong reported returns are offset by a steep TTM revenue decline and weak cash-flow conversion, raising earnings-quality concerns. Technicals are modestly supportive (above short-term averages) but not strongly bullish due to a negative MACD. Valuation is a clear positive with a very low P/E and a moderate dividend yield.

Positive Factors

Moderate LeverageModerate and improving leverage gives Keystone REIT a stronger financial foundation than its 2022 position. Debt represents a manageable share of equity, preserving more flexibility to maintain assets, support operations, and pursue growth through changing property-market conditions.

Negative Factors

Revenue DeclineA sharp trailing revenue contraction points to weaker top-line momentum and creates uncertainty around the durability of Keystone REIT’s recurring income base. If the decline persists, it could reduce funds available for property investment, debt service, and distributions.

Keystone Reit (KSTN) vs. iShares MSCI Israel ETF (EIS)

Market Cap: ILS 3.69B
Dividend Yield: 2.75%
Average Volume (3M): 510.69K
Price to Earnings (P/E): 4.0
Beta (1Y): 1.01
Revenue Growth: -24.85%
EPS Growth: 114.61%
Country: Israel
Employees: ―
Sector: General
Sector Strength: 55
Industry: REIT - Specialty

Keystone Reit Business Overview & Revenue Model

Company Description

Established in 2022, Keystone REIT Ltd. is an Israeli company primarily engaged in the asset management and custody banking sector.

Keystone Reit Financial Statement Overview

Summary

Mixed fundamentals: the balance sheet is relatively solid with moderate leverage (debt-to-equity ~0.50) and strong reported ROE, but TTM revenue fell sharply (-28.29%) and cash conversion is weak (operating cash flow coverage of earnings ~0.15). The large gap between very high reported margins and much lower cash generation adds earnings-quality risk.

Income Statement

62Positive

Balance Sheet

74Positive

Cash Flow

44Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	158.48M	236.66M	282.19M	863.00K	873.00K	826.00K
Gross Profit	94.67M	196.03M	282.19M	-30.20M	-14.90M	-4.45M
EBITDA	1.06B	1.22B	232.54M	601.07M	158.16M	85.14M
Net Income	814.28M	941.76M	193.36M	443.88M	94.74M	62.50M
Balance Sheet
Total Assets	5.10B	4.99B	3.49B	3.13B	2.72B	1.51B
Cash, Cash Equivalents and Short-Term Investments	340.13M	313.94M	378.89M	80.90M	140.12M	536.75M
Total Debt	1.55B	1.55B	1.13B	1.05B	1.17B	458.90M
Total Liabilities	1.98B	1.94B	1.35B	1.27B	1.25B	494.48M
Stockholders Equity	3.11B	3.04B	2.15B	1.86B	1.47B	1.01B
Cash Flow
Free Cash Flow	22.15M	119.91M	169.63M	210.05M	127.83M	37.70M
Operating Cash Flow	22.15M	119.91M	169.63M	210.05M	127.83M	37.73M
Investing Cash Flow	57.80M	-520.14M	-23.31M	-80.88M	-1.57B	-367.11M
Financing Cash Flow	67.27M	335.29M	151.66M	-188.39M	1.04B	846.66M

Keystone Reit Technical Analysis

Technical Analysis SentimentNegative

Last Price1712.00

Price Trends

50DMA1965.34Negative

100DMA1986.13Negative

200DMA1824.17Negative

Market Momentum

MACD-60.08Positive

RSI29.45Positive

STOCH8.50Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:KSTN, the sentiment is Negative. The current price of 1712.00 is below the 20-day moving average (MA) of 1857.32, below the 50-day MA of 1965.34, and below the 200-day MA of 1824.17, indicating a bearish trend. The MACD of -60.08 indicates Positive momentum. The RSI at 29.45 is Positive, neither overbought nor oversold. The STOCH value of 8.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:KSTN.

Keystone Reit Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IL:KSTN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IL:MNRT	68Neutral	ILS 1.47B	7.13	―	7.50%	12.90%	15.19%
IL:KSTN	65Neutral	ILS 3.69B	4.04	―	2.75%	-24.85%	114.61%
IL:RIT1	63Neutral	ILS 3.98B	9.31	11.88%	4.43%	6.36%	-16.47%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IL:ACKR	51Neutral	ILS 1.76B	38.81	―	2.83%	-11.25%	-65.58%
IL:ELCRE	38Underperform	ILS 1.28B	-6.04	―	―	5.23%	29.87%

* General Sector Average

Performance Comparison

IL:KSTN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IL:KSTN	KEYSTONE REIT LTD	1712.00	764.96	80.77%
IL:RIT1	REIT 1	1965.00	-610.19	-23.69%
IL:ELCRE	Electra Real Estate Ltd.	1536.00	-3102.89	-66.89%
IL:BLSR	Blue Square Real Estate Ltd	30000.00	-8807.18	-22.69%
IL:MNRT	Menivim - The New REIT Ltd.	174.20	-58.99	-25.30%
IL:ACKR	Ackerstein Group Ltd	611.60	-379.70	-38.30%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 29, 2026

Keystone Reit AI Stock Analysis