INVESTUS REAL ESTATE INC. DISCLOSES FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2010

QUEBEC CITY, Aug. 26 /CNW/ -- QUEBEC CITY, Aug. 26 /CNW Telbec/ - Investus Real Estate Inc. (TSX Venture: IVT), a real estate company investing in industrial properties in primary and secondary markets, mainly in Eastern Canada, announces its unaudited financial results for the second quarter ended June 30, 2010.

Operating Results:


    
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                                          Quarter       Cumulative (6 Months)
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    Periods ended June 30              2010       2009       2010       2009
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    Rental revenue from income-
     producing properties           475,127    464,293    913,902    847,333
    Net operating income(1)         367,992    355,619    734,653    727,409
    Administrative expenses         106,095    111,900    161,373    356,194
    Corporate reorganization costs        -    316,957          -    316,957
    Net loss                        (34,452)  (414,984)   (26,249)  (602,195)
    Net loss per share (basic and
     diluted)                        (0.001)    (0.014)    (0.001)    (0.020)
    Funds from operations (FFO)(1)  100,799   (290,201)   244,253   (352,630)
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    (1) Non-GAAP financial measure. See the relevant section of the MD&A.
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Rental revenue from income-producing properties totalled $475,127 for the three-month period ended June 30, 2010, compared with $464,293 for the corresponding period of the previous year.
Net operating income amounted to $367,992, up from $355,619 for the corresponding period of 2009.
Administrative expenses decreased to $106,095, down from $111,900 for the same period of 2009. The administrative expenses are stabilized subsequent to the reorganization decisions of last year.
Corporate reorganization costs incurred in 2009 consist primarily of severance benefits paid to an employee and an officer. This expense is of a non-recurring nature.
The net loss for the second quarter of 2010 amounted to $34,452 or $0.001 per share, compared with a loss of $414,984 or $0.014 per share for the corresponding period of the previous year.
The recurring net loss for the three-month and six-month periods ended June 30, 2010 stood at $34,452 and $26,249 respectively, compared with $98,027 and $285,238 for the corresponding period of 2009. The reduction in the net loss is attributable to the impact of the measures taken by the Company's management to turn around the situation.

Forward-Looking Statements:

This press release contains forward-looking statements that, by their very nature, are subject to risk, uncertainties and assumptions. Although the directors of Investus Real Estate Inc. believe that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Some of the risk factors which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements contained herein include the impact of general economic conditions, industry conditions, governmental regulation, environmental risk, competition from other industry participants, stock market volatility, the ability to access sufficient capital from internal and external sources and the risk of fluctuation and variation in actual operating results, which variation may be material. 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 new business name.
The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made at the date hereof.

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. Further information about the Company is available at www.investus.ca and on SEDAR's website at www.sedar.com.



Serge Beaudet, President and Chief Executive Officer, Investus Real Estate Inc., [phone], [e-mail]; Roger Harvey, Chief Financial Officer, Investus Real Estate Inc., [phone], [e-mail]

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