TEL AVIV, Nov 30 (Reuters) - Gazit-Globe GZT.TA , Israel's
largest real estate investment company, posted a wider net loss
in the third quarter due to one-off items, including for the
reorganisation of its Canadian subsidiary FCR.
Gazit-Globe posted on Monday a loss of 92 million shekels
($23.7 million) compared with a loss of 13 million a year
earlier. Other one-time items included a mortgage prepayment
penalty at its ProMed medical office subsidiary.
Rental income grew 29 percent to 1.55 billion shekels, while
net operating income rose 27 percent to 1.07 billion shekels,
helped by the consolidation of its Atrium European Real Estate
ATRS.VI subsidiary and the acquisition by its Citycon
subsidiary of Norwegian real estate firm Sektor Gruppen.
ID:nL5N0YG1LB
Gazit-Globe said it would pay a dividend of 0.46 shekel a
share for the third quarter, the same as in the second quarter.
Gazit-Globe operates in the United States through Equity One
EQY.N and in Canada through First Capital Reality Inc
FCR.TO . It is the largest shareholder in Finland's Citycon
CTY1S.HE , controls shopping mall developer and is expanding in
Brazil.
($1 = 3.88 shekels)