Madison Pacific Properties Inc. (TSX:MPC)(TSX:MCP.C) Announces the Results for the Year Ended August 31, 2013

Madison Pacific Properties Inc. (the Company) (TSX:MPC)(TSX:MPC.C), a
Vancouver-based real estate company, announces the results of operations for the
year ended August 31, 2013.


The results reported are pursuant to International Financial Reporting Standards
(IFRS) for public companies.


For the year ended August 31, 2013, the Company is reporting net income of $12.0
million; cash flows from operating activities, before changes in non-cash
operating balances, of $8.1 million; and income per share of $0.20. Included in
net income is a pre-tax net gain on fair value adjustment on investment
properties of $6.6 million. 


In 2012, the Company changed its year end from December 31 to August 31. For the
eight months ended August 31, 2012 the Company reported net income of $15.1
million; cash flows from operating activities, before changes in non-cash
operating balances, of $5.1 million; and income per share of $0.26. Included in
net income was a pre-tax net gain on fair value adjustment on investment
properties of $12.9 million. The Company did not dispose of any properties in
the eight month period. 


The Company currently owns approximately $370 million in investment properties,
comprising 2.2 million rentable sq. ft. of industrial and commercial space, of
which, over 99% of the available space, excluding property that is under
development, is leased. 


For a review of the risks and uncertainties to which the Company is subject, see
the August 31, 2013 annual MD&A.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Madison Pacific Properties Inc.
Mr. Marvin Haasen
President & CEO
[phone]
[phone] (FAX)


Madison Pacific Properties Inc.
Mr. Dino Di Marco
Investor Information
[phone]