Buyback wave widens: 4 companies acquire securities for about ₪2.9 million

The wave of confidence in the capital market is widening: reports of buybacks carried out by Sella Capital, Harel, and G-City on October 9 are now joined by real estate company Anchor Properties, which acquired bonds a day earlier. In total, the four companies injected

Four public companies - Sella Capital, Harel Insurance, G-City, and Anchor Properties - carried out buybacks of their own securities on October 8 and 9 for a total volume of approximately ₪2.9 million. Sella Capital acquired shares for about ₪1.27 million, Harel acquired shares for about ₪990 thousand, G-City acquired shares and bonds for about ₪561 thousand, and Anchor Properties acquired bonds for about ₪76 thousand.

The wave of buybacks in the capital market, which initially focused on October 9, 2026, has proven to be broader and included activity a day earlier as well. To the reports of purchases made by REIT Sella Capital, insurance company Harel Insurance Investments, and real estate company G-City, a report has now been added from overseas income-producing real estate company Anchor Properties. In total, over the course of two days, the four companies together acquired their own shares and bonds for a combined volume of close to ₪2.9 million, in a move that testifies to management's confidence in the current market value of their securities and to a strategy of returning capital to investors.

Sella Capital: Continuing the execution of its buyback program

REIT Sella Capital Real Estate continued on October 9 to execute the buyback program it announced at the end of September. The company reported that it acquired 158,677 shares at an average price of ₪8.024 per share, for a total consideration of about ₪1.27 million. Upon completion of the purchase, the cumulative execution rate of the program stands at 27%. Following the move, Sella Capital now holds 3,371,568 dormant shares (treasury shares), constituting about 1.31% of the company's issued capital.

Harel Insurance Investments: Purchase of about ₪1 million

Simultaneously, Harel Insurance Investments and Financial Services also reported executing a buyback on the same day. The company acquired 5,300 of its own shares at an average price of ₪186.86 per share, and at a total cost of about ₪990 thousand. This purchase was carried out under a program approved in June 2026. Following this transaction, the cumulative execution rate of Harel's program stands at only 3.5%. As a result of the purchase, the number of dormant shares held by Harel increased to 21,466,165, constituting about 9.4% of the issued capital.

G-City: Dual move of share and bond purchases

G-City, which operates in the overseas income-producing real estate sector, executed a dual purchase move on October 9. First, the company acquired 26,106 of its own shares at an average price of ₪10.65 per share, for a total consideration of about ₪278 thousand. This purchase brings the execution rate of its buyback program to about 60.6%. Second, the company bought back series XIV bonds for a total consideration of about ₪283 thousand. The bond purchase is intended for their removal from circulation, thereby reducing the company's debt burden.

Anchor Properties: Joining in with a debt purchase

Joining the active trading day was Anchor Properties, another company from the overseas income-producing real estate sector. The company reported that on October 8, a day before the other companies, it bought back bonds (Series E) for a total consideration of about ₪76 thousand. Similarly to G-City's move, this bond purchase is also intended for their removal from circulation, thereby reducing the company's liabilities and improving its debt structure. The move was carried out under a purchase program approved by the company in June 2026.

Significance of the expanded move

Buybacks, whether of shares or bonds, are a managerial tool for returning value to shareholders and expressing confidence. Share purchases reduce the number of active shares in the market and increase earnings per share (EPS). Bond purchases, especially when traded below their par value, allow a company to reduce its liabilities at a lower cost. The fact that four significant companies in related sectors (real estate and finance) are executing similar moves on consecutive days strengthens the signal to the market. It points to a shared perception among senior management that the companies' securities are trading at a discount and that this is a good opportunity to invest in themselves.