Azrieli Group Ltd. reported earnings results for the first quarter ended March 31, 2017. For the quarter, NOI was ILS 338 million against ILS 319 million a year ago. FFO was ILS 253 million against ILS 228 million a year ago. Net debt totaled ILS 7.2 billion. EPRA NAV per share was ILS 147, compared with ILS 140 on March 31, 2016. Net profit in the quarter totaled ILS 241 million, compared with ILS 674 million in the same quarter last year. Adjusted net profit in the quarter totaled ILS 253 million compared with ILS 242 million in the same quarter last year. During first quarter of 2017, the Group invested a total of ILS 255 million in investment properties, development, construction of new properties and the upgrading and betterment of existing properties.