WCM Beteiligungs- und Grundbesitz-AG reported audited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported rental income of EUR 32,613,000 compared to EUR 10,445,000 a year ago. Net operating income was EUR 29,796,000 compared to EUR 9,560,000 a year ago. Consolidated net profit was EUR 18,561,000 compared to EUR 57,675,000 a year ago. FFO I was EUR 18,028,000 compared to EUR 7,930,000 a year ago. Earnings per share diluted were EUR 0.12 compared to EUR 0.72 a year ago. FFO I per share was EUR 0.14 compared to EUR 0.10 a year ago.

The company provided earnings guidance for the year 2017. The company plans to continue with its portfolio expansion in 2017 and projects a FFO I between EUR 23 million and EUR 24 million including the already executed transactions. Rental income is expected to grow to EUR 42 million and EUR 44 million.