Optibase Ltd (OBAS) Reports Q4 EPS of $0.02

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Optibase Ltd. Announces Fourth Quarter Results

April 1, 2016 9:00 AM EDT

HERZLIYA, Israel, April 1, 2016 /PRNewswire/ -- Optibase Ltd. (NASDAQ: OBAS) today announced financial results for the fourth quarter ended December 31, 2015.

Revenues from fixed income real estate totaled $4.1 million for the quarter ended December 31, 2015, compared to revenues of $3.3 million for the fourth quarter of 2014.

Net income attributable to Optibase Ltd shareholders for the quarter ended December 31, 2015 was $114,000 or $0.02 per basic and diluted share, compared to a net income of $2.8 million or $0.54 per basic and diluted share for the fourth quarter of 2014.

For the year ended December 31, 2015, revenues totaled $15.3 million compared... More