Orava Residential Real Estate Investment Trust Plc reported earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of EUR 3.3 million against of EUR 3.3 million for the same period a year ago. Loss was EUR 1.8 million against of EUR 978,000 a year ago. Loss per share was EUR 0.18 against of EUR 0.10 a year ago. EPRA earnings were EUR 257,000 against EPRA loss of EUR 47,000 a year ago. EPRA earnings per share were EUR 0.03. Net assets per share of the company amounted to EUR 9.55 on 31 March 2018, whereas they were EUR 9.72 at the beginning of 2018.

The company estimates that its EPRA earnings for 2018 will be approximately the same as in year 2017.