Same property NOI growth of 3.1 % compared to the same period in 2017; Increase of approx. 7.4% in the Proportionate NOI; LTV (expanded solo) reduced from 53.4% to 52.1%; Occupancy increased by 1.4% compared with same period in 2017 to 96.3%
TEL-AVIV, Israel, Aug. 21, 2018 (GLOBE NEWSWIRE) — Gazit Globe (NYSE/TSX/TASE: GZT), a leading global real estate company focused on the ownership, management and development of retail and mixed use properties in urban markets, announced today its financial results for the second quarter and six months (“Period”) ended June 30, 2018.
A PDF including full results is available at: http://resource.globenewswire.com/Resource/Download/5f02121a-6ff1-4d18-b236-a485daa5a953
CONFERENCE CALL/WEB CAST INFORMATION
Gazit-Globe will host a conference call and webcast in English on Tuesday, August 21st, 2018 at 5:00 pm Israel Time / 10:00 am US Eastern Time, to review the 2nd quarter ended June 30, 2018 financial results. Shareholders, analysts and other interested parties can access the conference call by dialing: United States 1 888 668 9141, Canada 1 866 485 2399, United Kingdom 0 800 917 5108, International / Israel +972 3 9180610
A presentation and replay of the call will be available on the company’s website under “Investor Relations” at: www.gazitglobe.com
Webcast link: http://veidan-stream.com/gazitglobeq2-2018.html
About Gazit Globe
Gazit Globe is a leading global real estate company focused on the ownership, management and development of retail and mixed use properties in North America, Brazil, Israel, Northern, Central and Eastern Europe, located in urban growth markets. Gazit Globe is listed on the New York Stock Exchange (NYSE: GZT), the Toronto Stock Exchange (TSX: GZT) and the Tel Aviv Stock Exchange (TASE: GZT) and is included in the TA-35 index in Israel. As of June 30, 2018 Gazit Globe owns and operates 104 properties, with a gross leasable area of approximately 2.5 million square meters and a total value of approximately NIS 38.2 billion. In addition, as of June 30, 2018 the Company owned 32.5% of First Capital Realty Inc.
FOR ADDITIONAL INFORMATION
A comprehensive copy of the Company’s financial report is available on Gazit Globe website at www.gazitglobe.com
Gazit Globe Headquarters, Tel-Aviv, Israel, Tel: +972 3 6948000
FORWARD LOOKING STATEMENTS
This release may contain forward-looking statements within the meaning of applicable securities laws. In the United States, these statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of known and unknown risks and uncertainties, many of which are outside our control that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks detailed in our public filings with the SEC and the Canadian Securities Administrators. Except as required by applicable law, we undertake no obligation to update any forward-looking or other statements herein, whether as a result of new information, future events or otherwise.