WCM Beteiligungs- und Grundbesitz-AG announced earnings results for the nine months ended September 30, 2017. For the period, the company reported rental income of EUR 34,647,000 compared with EUR 23,849,000 for the same period a year ago. Net rental income was EUR 31,751,000 compared with EUR 22,261,000 for the same period a year ago. Consolidated net profit for the period was EUR 16,990,000 or EUR 0.09 per diluted share compared with EUR 16,928,000 or EUR 0.12 per diluted share for the same period a year ago. FFO I was EUR 17,729,000 or EUR 0.13 per share compared with EUR 12,888,000 or EUR 0.10 per share for the same period a year ago. FFO II was EUR 17,828,000 or EUR 0.13 per share compared with EUR 13,687,000 or EUR 0.11 per share for the same period a year ago.

For the full year of 2017, the board reiterates its 2017 guidance made in the 2016 annual report regarding funds from operations of between EUR 23 million and EUR 24 million, subject to the effects of the takeover. Rental income for 2017 will probably come in at the upper end or slightly above the communicated range of EUR 42 million to EUR 44 million.