BFW Liegenschaften AG announced earnings results for the full year 2015. For the year, the company reported rental income and total operating income of CHF 19,147,000 against CHF 16,349,000 a year ago. EBIT was CHF 19,535,000 against CHF 14,143,000 a year ago.

Net asset value was CHF 36.58 against CHF 35.92 a year ago. Excluding the fair value changes in the interest rate swaps and receiver swaptions, which had led to a negative effect (before taxes) of CHF 2.9 million in 2015 against CHF 7.6 million a year ago. The net earnings including changes in fair value of investment properties and deferred taxes amounted to very solid CHF 12.6 million against CHF 9.1 million a year ago.

Net earnings per share excluding the changes in fair value amounted to CHF 2.42 against CHF 1.75 a year ago.