TERREÏS announced consolidated earnings results for the fiscal year 2016. For the year, the company is once again characterized by a double-digit growth of EPRA NAV (+21.4%) and an improvement of the financial structure (LTV 39%). At the end of 2016, EPRA NAV amounts to EUR 45.08 per share, up 21.4% over the year, and replacement NAV to EUR 50.71 per share, up 22.9%. This increase reflects and validates the strategy of focusing on Paris CBD assets, as well as the mechanical effect of annual repayment of redeemable loans, a key element of TERREÏS' business model. EPRA earnings stand at EUR 29.9 million (EUR 1.17 per share), to be compared to EUR 33.5 million (EUR 1.31 per share) in 2015. The decrease is mainly due to the vacancy of the Saint-Raphaël office building in Ivry, which is on sale. As of December 31, 2016, net debt stood at EUR 761 million (EUR 746 million at the end of 2015) and LTV ratio was 39% (44% at the end of 2015).