INVESTUS REAL ESTATE INC. DISCLOSES FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31, 2011

QUEBEC CITY, QC, June 29, 2011 /CNW/ -- 
QUEBEC CITY, QC, June 29, 2011 /CNW Telbec/ - Investus Real Estate Inc.
 (TSXV: IVT), a real estate company investing in industrial properties
 in primary and secondary markets, mainly in Eastern Canada, announces
 its unaudited interim consolidated financial results for the quarter
 ended March 31, 2011.






Operating Results                                                  

                                                             

Quarters ended March 31                              2011      2010

                                                             

Operating revenues                                455,429   429,106

Net operating income((1))                         354,716   356,993

Financial expense                                 155,306   162,242

Administrative expenses                            57,277    55,278

Net income                                        142,141   133,786

Net income per share (basic and diluted)            0.005     0.005

(1) Non-IFRS financial measure. See the relevant             
section of the MD&A.





Operating revenues totalled $455,429 for the three-month period ended
 March 31, 2011, compared with $429,106 for the corresponding period of
 the previous year, an increase of 6.1% attributable to the recovery of
 realty taxes.


First-quarter net operating income amounted to $354,716, down from
 $356,993 for the corresponding period of 2010.


The financial expense for the first quarter of 2011 stood at $155,306,
 compared with $162,242 for the corresponding period of 2010, a slight
 reduction of 4.3% attributable to the repayment of principal.


Administrative expenses amounted to $57,277, compared with $55,278 for
 the same period of fiscal 2010, an increase of 3.6%.


Net income for the first quarter of 2011 totalled $142,141 or $0.005 per
 share, compared with $133,786 or $0.005 per share for the corresponding
 period of the previous year.


Subsequent Event
On June 1, 2011, SDA, a company controlled by directors of Investus,
 tendered a takeover bid to acquire all the outstanding common shares of
 Investus for consideration of $0.20 per share. This transaction is
 valued at approximately $5,900,000. If it is approved by at least
 66 2/3% of Investus shareholders, the transaction is expected to close
 no later than June 30, 2011.


Forward-Looking Statements
This press release may contain forward-looking statements with respect
 to Investus and its operations, strategy, financial performance and
 financial condition. These statements generally can be identified by
 the use of terms such as "may", "expect", "plan", ""anticipate",
 "estimate", "intend", "believe" or "continue" or the negative thereof
 or similar variations, as well as the use of the conditional and future
 tense. The actual performance and results of Investus discussed herein
 could differ materially from those expressed or implied by such
 statements. Such statements are qualified in their entirety by the
 inherent risks and uncertainties surrounding future expectations. Some
 of the risk factors that could affect future results and cause actual
 results to differ materially from those expressed in the
 forward-looking statements contained herein include the impact of
 economic conditions, industry conditions, government legislation,
 environmental risks, competition from other industry players, stock
 market volatility and the ability to access sufficient capital from
 internal and external sources. A full description of these risk factors
 can be found in the Initial Public Offering Final Prospectus of
 Investus Real Estate Inc. (formerly Capital Wapiti Inc.) dated April 5,
 2007 and the Filing Statement dated October 15, 2007, which are
 available electronically at www.sedar.com under Investus Real Estate Inc. The cautionary statements qualify all
 forward-looking statements attributable to Investus and the persons
 acting on its behalf. Unless otherwise indicated, all forward-looking
 statements speak only as of the date of this press release.


Additional Financial Information
The Company's interim consolidated financial statements, which are
 prepared for the first time in accordance with International Financial
 Reporting Standards (IFRS), and the Interim Management's Discussion and
 Analysis ("MD&A") for the first quarter ended March 31, 2011, will be
 filed on SEDAR at www.sedar.com and are available on the Company's website at www.investus.ca.


About Investus Real Estate Inc.
Investus is a Canadian corporation that invests exclusively in
 industrial properties in primary and secondary markets, mainly in
 Eastern Canada. The Company owns four properties covering an area of
 slightly over 199,000 square feet and purchased for a total of
 $17.2 million.


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p Serge Beaudet, President and Chief Executive Officerbr/ bInvestus Real Estate Inc. /b- [phone], ia font-style="italic" href="mailto:[e-mail]"[e-mail]/a/ii /i /p p Roger Harvey, Chief Financial Officerbr/ bInvestus Real Estate Inc. /b- [phone], ia font-style="italic" href="mailto:[e-mail]"[e-mail]/a/ii /i /p 

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