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Gazit Globe Reports Its Results for the Second Quarter and the First Six Months of 2019

/EIN News/ -- Continuous Improvement in the Operational and Financial Parameters

  • Increase of 7.0% in the proportionate NOI in six months ended June 30, 2019 ("Period") compared to the same period in 2018;
  • Same property NOI growth in the period of 4.1% excluding Russia (growth of 3.7% including Russia), compared to the same period in 2018;
  • Private subsidiaries: the NOI in the period increased by 28.1% to NIS 214 million (US$ 60 million) compared to the same period in 2018;
  • Increase of 26.2% in the FFO per share excluding Regency and First Capital in the period compared to same period in 2018;
  • Increase of 14% in the operating cash flow per share (expanded solo) in the period compared with the same period in 2018 to NIS 1.06 per share.             

TEL-AVIV, Israel, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Gazit Globe (TASE: GZT), a leading global real estate company focused on the ownership, management and development of mixed use properties in urban markets, announced today its financial results for the second quarter and six months ended June 30, 2019.

A PDF including full results is available at: http://ml.globenewswire.com/Resource/Download/c08cdb2c-9d53-4dc9-8dd2-a058603ea03c

CONFERENCE CALL/WEB CAST INFORMATION

Gazit Globe will host a conference call and webcast in English on Wednesday, August 21, 2019 10:00 am US EST/ 5:00 pm Israel Time, to review the second quarter and six months period ended June 30, 2019 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, Brazil (Landline only)   0 800 764 6063, 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/gazitglobeq2-2019.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, Israel, Brazil, Northern, Central and Eastern Europe, located in urban growth markets. Gazit Globe is listed on the Tel Aviv Stock Exchange (TASE: GZT) and is included in the TA-35 index in Israel. As of June 30, 2019, Gazit Globe owns and operates 102 properties, with a gross leasable area of approximately 2.5 million square meters and a total value of approximately NIS 40 billion. In addition, as of June 30, 2019 the Company owns approximately 9.9% 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

Investors Contact: IR@gazitgroup.com, Media Contact: PR@gazitgroup.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.

 

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