Gazit Globe Reports Fourth Quarter and 2018 Annual Results
18 Marzo 2019 - 5:43AM
Improvement in All Operational Parameters
in the Period
Gazit Globe (TASE: GZT), a leading global real estate company
focused on the ownership, management and development of retail and
mixed use properties in urban markets, announced today its
financial results for the fourth quarter and year ended December
31, 2018 ("Period").
A PDF including full results is available
at: http://ml.globenewswire.com/Resource/Download/d32e4324-2fc6-4e08-b7e3-c215ecc7992b
CONFERENCE CALL/WEB CAST INFORMATION
Gazit Globe will host a conference call and webcast
in English on Monday, March 18th, 2019 09:00 am US
EST/ 3:00 pm Israel Time, to review the fourth quarter and
year ended December 31, 2018 financial results. Shareholders,
analysts and other interested parties can access the conference
call by dialing: United States 1 888 668 9141, Canada 1 888 604
5839, United Kingdom 0 800 917 5108, Brazil (Landline
only) 0 800 764 6063, International / Israel +972 3
9180687
A presentation and replay of the call will be available on the
company’s website under "Investor Relations" at:
www.gazitglobe.com
Webcast link:
http://veidan-stream.com/gazitglobeq4-2018.html
About Gazit Globe
Gazit Globe is a leading global real estate
company focused on the ownership, management and development of
retail and mixed use properties in North America, Brazil, Israel,
northern, central and Eastern Europe, located in urban growth
markets. Gazit Globe is listed on the Tel Aviv Stock Exchange
(TASE: GZT) and is included in the TA-35 index in Israel. As of
December 31, 2018 Gazit-Globe owns and operates 103 properties,
with a gross leasable area of approximately 2.5 million square
meters and a total value of approximately NIS 41 billion. In
addition, the Company owns 31.3% of First Capital Realty Inc and as
of December 31, 2018. On February 28, 2019 Gazit Globe announced
that the Company and its wholly-owned subsidiary entered into
agreements related to its stake in First Capital Realty which are
subject to certain conditions including the approval of the
majority of FCR’s shareholders excluding Gazit, to sell most of its
stake in FCR for aggregate consideration of approximately CAD $1.2
billion (approximately NIS 3.3 billion). If completed, Gazit’s
ownership interest in FCR would be reduced from approximately 31.3%
currently to approximately 9.9%.
FOR ADDITIONAL INFORMATION
A comprehensive copy of the Company’s financial report is
available on Gazit-Globe website at www.gazitglobe.com
Investors Contact: IR@gazitgroup.com, Media Contact:
PR@gazitgroup.com
Gazit Globe Headquarters, Tel-Aviv, Israel, Tel: +972 3
6948000
FORWARD LOOKING STATEMENTS
This release may contain forward-looking
statements within the meaning of applicable securities laws. In the
United States, these statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such statements involve a number of known and unknown
risks and uncertainties, many of which are outside our control that
could cause our future results, performance or achievements to
differ significantly from the results, performance or achievements
expressed or implied by such forward-looking statements. Important
factors that could cause or contribute to such differences include
risks detailed in our public filings with the SEC and the Canadian
Securities Administrators. Except as required by applicable law, we
undertake no obligation to update any forward-looking or other
statements herein, whether as a result of new information, future
events or otherwise.
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