Azrieli Group Ltd. reported unaudited consolidated earnings results for the first quarter of 2016. For the quarter, the company’s NOI increased by 7%, and totaled ILS 319 million, compared with ILS 298 million in the first quarter of 2015. Same Property NOI totaled ILS 304 million compared with ILS 295 million in the first quarter of 2015. FFO attributed to real estate activity totaled ILS 232 million, compared with ILS 205 million in the first quarter of 2015. Net profit totaled ILS 672 million, compared with ILS 188 million in the first quarter of 2015, mainly resulting from the revaluation of investment properties and a decrease in the income tax rate. EPRA NAV per share was ILS 140 compared to ILS 132 a year ago. Net debt totaled ILS 6.2 billion. Equity per share is ILS 115.65, compared with ILS 108.9 on March 31, 2015.