Patrimoine & Commerce announced audited consolidated earnings results for the six months ended June 30, 2016. For the period, the company's gross rental income was €20.5 million compared with €16.6 million a year ago. The increase was primarily driven by the acquisitions and projects delivered at the end of the previous year (La Ville-du-Bois (91), Epagny (74), La Rochelle (17), and Ecully (69)); the leasing of projects delivered at the beginning of 2016 (Salon-de-Provence (13), the first part of Cognac (16), and Champniers (16)); and the acquisitions made in the 1st half of 2016 (Clermont-Ferrand Lempdes (63), Loches (37), and Provins (77)). Recurring net income was €12.6 million or €1.02 per share compared with €10.0 million or €0.82 per share a year ago. EBITDA was €17.3 million compared with €14.0 million a year ago. Restated EBITDA was €17.5 million compared with €14.2 million a year ago. As on June 30, 2016, the company's NAV was €23.7 per share and net debt was €282.7 million.