Gazit-Globe (GZT) reported that its first-quarter Funds from operations increased to NIS 150 million (US$41 million), or NIS 0.90 per share (US$ 0.25), from NIS 126 million (U.S.$ 35 million), or NIS 0.76 per share (US$ 0.21), in the same quarter last year.
Net income attributable to the company's shareholders totaled NIS 345 million, or NIS 2.08 per share, compared to NIS 258 million, or NIS 1.51 per share, in the first quarter of 2012.
Rental income for the quarter increased 6% to NIS 1.340 billion, from NIS 1.259 billion in the first quarter of 2012.
The company said that its board of Directors declared a quarterly cash dividend of NIS 0.43 per share (US$ 0.12) payable on July 2, 2013 to shareholders of record as of June 17, 2013, which represents an annualized projected dividend per share of NIS 1.72 (US$ 0.47).
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