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.