GIEAG Immobilien AG reported consolidated earnings results for the year 2016. For the year, the company's revenues (HGB accounting) totaled EUR 12.8 million compared to EUR 65.4 million in 2015. Loss amounted to EUR 2.4 million due to start-up costs for project developments. Net income in 2015 totaled EUR 10.6 million, in particular due to the sale of properties. As a result of the increase in holdings of investment properties, rental income increased to EUR 7.7 million, up from EUR 7.5 million in the previous year.

The company expects that earnings will improve in 2017 and that these will return to being slightly positive.