Investus Real Estate Inc. discloses financial results for the fourth quarter
and fiscal 2009

QUEBEC CITY, April 28 /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 audited financial results for the fiscal year ended December 31, 2009.

Operating Results:

    
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                                        Quarters              Fiscal Year
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    Periods ended December 31       2009        2008        2009        2008
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    Rental revenue from income
     producing properties        390,859     420,847   1,706,617   1,481,226
    Net operating income(1)      364,364     371,879   1,458,760   1,305,645
    Administrative expenses       62,533     770,837     484,754   1,668,794
    Corporate reorganization
     costs                             -           -     318,565           -
    Net income (net loss)          9,354    (748,351)   (594,704) (1,561,842)
    Net income (net loss) per
     share (basic and diluted)     0.000      (0.025)     (0.020)     (0.053)
    Funds from operations
     (FFO)(1)                    155,077    (612,929)    (53,692) (1,086,685)
    Adjusted funds from
     operations (AFFO)(1)        155,077    (612,929)    264,873  (1,086,685)
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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 declined to $390,859 for the three-month period ended December 31, 2009, down from $420,847 for the corresponding period of the previous year, a decrease of 7.1% attributable to the recovery of realty taxes recognized during different periods. For the fiscal year ended December 31, 2009, rental revenue totalled $1,706,617, up from $1,481,226 for the corresponding period of 2008, an increase of 15.2% resulting primarily from the acquisitions gradually completed in 2008 and the recovery of realty taxes.

Net operating income stood at $364,364 for the quarter, compared with $371,879 for the corresponding period of 2008. For the fiscal year ended December 31, 2009, net operating income totalled $1,458,760, up from $1,305,645 for 2008, an increase of 11.7% attributable to the acquisitions gradually completed in 2008.

Administrative expenses amounted to $62,533, compared with $770,837 for the same period of fiscal 2008. The expenses were considerably reduced subsequent to the major reorganization carried out in the second quarter of 2009, which notably includes an agreement with Corporation financière Alpha (CFA) inc. pursuant to which CFA has taken over the management of the Company's properties.

Net income for the fourth quarter of 2009 amounted to $9,354 or $0.000 per share, compared with a net loss of $748,351 or $0.025 per share for the corresponding period of the previous year. For the fiscal year ended December 31, 2009, the net loss totalled $594,704, compared with $1,561,842 for the fiscal year ended December 31, 2008.

However, after deducting corporate reorganization costs, the recurring net loss for fiscal 2009 was lowered to $276,139 from a loss of $1,561,842 for the corresponding period of 2008, which reflects the positive impact of the measures taken by the Company's management.

As indicated in the table on page 1, funds from operations stood at $155,077 for the three-month period ended December 31, 2009, compared with a negative amount of $612,929 for the same period of 2008. This is due to the major reduction in the Company's administrative expenses as part of its corporate restructuring.

"We are pleased that the measures management implemented last spring yielded the expected results. The Company reached the break-even point during the fourth quarter while also generating positive cash flows. We remain on the lookout for any opportunities that might arise in the future," indicated Serge Beaudet, President and Chief Executive Officer of Investus Real Estate.

    
    Forward-Looking Statements
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This press release may contain forward-looking statements with respect to Investus and its operations, strategy, financial performance and financial position. These statements can generally be identified by the use of terms such as "may", "will", "expect", "estimate", "intend", "believe" or "continue" or the negative thereof or similar variations, as well as the use of the conditional and the future. The actual performance and results of Investus could differ materially from those expressed in or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general factors related to economic and market conditions, competition, changes in government legislation and the factors described 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.

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.

SOURCE INVESTUS REAL ESTATE INC.

For further information: For further information: Serge Beaudet, President and Chief Executive Officer, Investus Real Estate Inc., (514) 892-2936, info@investus.ca; Roger Harvey, Chief Financial Officer, Investus Real Estate Inc., (418) 780-4744, info@investus.ca

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INVESTUS REAL ESTATE INC.

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