Gazit Globe Ltd. announced consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the period, the company reported net operating rental income of ILS 3,194 million against ILS 3,196 million a year ago. Operating income was ILS 3,480 million against ILS 1,652 million a year ago. Income before taxes on income was ILS 2,205 million against ILS 915 million a year ago. Net income from continuing operations was ILS 1,771 million or ILS 2.63 per diluted share against ILS 994 million or ILS 1.35 per diluted share a year ago. Net income attributable to equity holders of the company was ILS 787 million or ILS 3.96 per diluted share against ILS 620 million or ILS 3.45 per diluted share a year ago. Nominal FFO (EPRA Earnings) were ILS 401 million against ILS 431 million a year ago. FFO according to the management approach (Adjusted EPRA Earnings) was ILS 586 million or ILS 3.00 per diluted share against ILS 627 million or ILS 3.51 per diluted share a year ago. Consolidated cash flow from operating activities totaled ILS 1,909 million compared to ILS 1,514 million in 2015. For the three months, the company reported nominal FFO (EPRA Earnings) was ILS 80 million against ILS 110 million a year ago. FFO according to the management approach (Adjusted EPRA Earnings) was ILS 165 million or ILS 0.84 per diluted share against ILS 146 million or ILS 0.82 per diluted share a year ago. Rental income totaled ILS 1,208 million compared to ILS 1,225 million in the same quarter last year. Excluding the effect of foreign exchange rate fluctuations, the rental income decreased by 0.1% compared to the same quarter last year. NOI for the quarter totaled ILS 789 million compared to ILS 804 million in the same quarter last year. Excluding the effect of foreign exchange rate fluctuations, NOI decreased by 0.6% compared to the same quarter last year. Consolidated cash flow from operating activities totaled ILS 742 million, compared to ILS 344 million in the same quarter last year.