BFW Liegenschaften AG Reports Earnings Results for the Year Ended December 31, 2017
BFW Liegenschaften AG reported earnings results for the year ended December 31, 2017. For the year, the company reported rental income of CHF 20,764,000 compared to CHF 20,381,000 a year ago. The positive change was mainly due to rental income from the conversion project in Weinfelden, which was completed at 1 September 2017. Total operating income was CHF 21,037,000 compared to CHF 20,381,000 a year ago. EBIT was CHF 22,603,000 compared to CHF 27,266,000 a year ago. Earnings including effects from changes in fair value of real estate investments were CHF 18,007,000 compared to CHF 18,164,000 a year ago. Earnings excluding effects from changes in fair value of real estate investments were CHF 15,864,000 compared to CHF 18,711,000 a year ago. Earnings per share including the changes in fair value of real estate investments amounted to CHF 3.75 compared to CHF 3.50 a year ago. Earnings per share excluding the fair value changes in the interest rate swaps and receiver swaptions were CHF 3.30 compared to CHF 3.60 a year ago.