WCM Beteiligungs- und Grundbesitz-AG announced earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported rental income was €10,849,000 against rental income of €7,764,000 a year ago. Net operating income was €9,966,000 against net operating income of €7,156,000 a year ago. Net income was €14,970,000 against net income of €1,730,000 a year ago. FFO I was €5,782,000 against FFO I of €4,381,000 a year ago. FFO I per share was €0.04 against FFO I per share of €0.04 a year ago. FFO II was €5,782,000 against FFO II of €4,864,000 a year ago. FFO II per share was €0.04 against FFO II per share of €0.04 a year ago. EPRA earnings were €4,576,000 against EPRA earnings of €2,116,000 a year ago. Diluted earnings per share were €0.08 against diluted earnings per share of €0.01 a year ago.
The company expects the 2017 FFO to range between €23 million to €24 million. Rental income is expected to rise to €42 million and €44 million. The Management Board and the Supervisory Board will also seek to propose to the shareholders at the 2018 AGM the payment of an attractive dividend for the current financial year, again.