Gazit-Globe Q2 Profit Declines, FFO Edges Down - Quick Facts

(RTTNews) - Israeli real estate company Gazit-Globe (GZT, GZT.TO) reported that second-quarter net income attributable to equity holders declined to 130 million Israeli New Sheqels, or 0.70 Sheqel per share from 146 million Sheqels, or 0.80 Sheqel per share in the prior-year quarter.

FFO, according to the management approach, edged down to 162 million Sheqels or 0.91 Sheqel per share from 163 million Sheqels or 0.92 Sheqel per share in the year-ago quarter.

Rental income for the quarter increased 23 percent to 1.51 billion Sheqels from 1.23 billion Sheqels in the same quarter last year.

NOI for the quarter increased 25 percent to 1.04 million Sheqels from last year's 832 million Sheqels.

The company also declared a quarterly cash dividend of 0.46 Sheqel per share, payable on October 14 to shareholders of record as of September 30, 2015, which represents an annualized dividend per share of 1.84 Sheqel.