Optibase Ltd (OBAS) Swings to Q1 Loss

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Optibase Ltd. Announces First Quarter Results

May 19, 2015 3:00 PM EDT

HERZLIYA, Israel--(BUSINESS WIRE)-- Optibase Ltd. (NASDAQ: OBAS) today announced financial results for the first quarter ended March 31, 2015.

Revenues from fixed income real estate totaled $3.3 million for the quarter ended March 31, 2015, compared to revenues of $3.5 million for the first quarter of 2014.

Net Loss attributable to Optibase Ltd shareholders for the quarter ended March 31, 2015 was ($139,000) or ($0.03) per basic and diluted share, compared to a net income of $214,000 or $0.04 per basic and diluted share for the first quarter of 2014.

Weighted average shares outstanding used in the calculation for the periods were approximately 5.1... More