Azrieli Group Ltd. Announces Third Quarter Results for 2012

Azrieli Group Ltd. Announces Third Quarter Results for 2012 PR Newswire TEL AVIV, Israel, November 21, 2012 TEL AVIV, Israel, November 21, 2012 /PRNewswire/ -- Reports a 10% increase in NOI, totaling NIS 275 million in Q3/2012 The FFO from real estate activity, totaling NIS 180 million, a 10% increase compared with third quarter 2011 Azrieli Group Ltd. (TASE: AZRG IT) reported today its results for the quarter ending September 30, 2012. Third Quarter Financial Highlights NOI for the thirdquarter increased by approx. 10%, totaling NIS 275 million, compared with NIS 250 million in the same quarter in 2011. Increased same-property net operating income (NOI) of 6.1% over the third quarter of 2011. [1]Funds from Operations (FFO) from real estate activity (relating to the Group's income-producing real estate business only) totaled NIS 180 million in Q3/2012, compared with NIS 164 million in the same quarter in 2011, a 10% increase. Quarter closed with an occupancy rate of 100% in all Israel segments including malls and shopping centers and offices and others, and for the assets in the USA segment at approx. 88%. [2]Net profit (attributed to the shareholders) of NIS 194million in Q3/2012 compared with a net profit of NIS 179 million in the same quarter in 2011. [2]Comprehensive profit (attributed to the shareholders) totaled an amount of NIS 284million in Q3/2012 compared with a comprehensive loss of NIS 36 million in the same quarter in 2011.