Investus Real Estate Inc. discloses financial results for the quarter ended
March 31, 2010

QUEBEC CITY, May 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 interim consolidated financial results for the quarter ended March 31, 2010.

    
    Operating Results:

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    Periods ended March 31                                  2010        2009
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    Rental revenue from income-producing properties      438,775     383,041
    Net operating income(1)                              366,662     371,791
    Administrative expenses                               55,278     244,294
    Net income (net loss)                                  8,203    (187,209)
    Net income (net loss) per share (basic and diluted)    0.000      (0.006)
    Funds from operations (FFO)(1)                       143,454     (62,427)
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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 $438,775 for the three-month period ended March 31, 2010, up from $383,041 for the corresponding period of the previous year, an increase of 14.6% attributable to the recovery of realty taxes.

Net operating income stood at $366,662 for the quarter, compared with $371,791 for the corresponding period of 2009, a decrease of 1.38%.

Administrative expenses declined to $55,278, down from $244,294 for the same period of fiscal 2009. 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 amounted to $8,203 or $0.000 per share for the first quarter of 2010, compared with a net loss of 187,209 or $0.006 per share for the corresponding period of the previous year.

As indicated in the above table, funds from operations stood at $143,454 for the three-month period ended March 31, 2010, compared with negative funds of $62,427 for the same period of 2009, due to a major reduction in the Company's administrative expenses as part of its corporate restructuring.

"We are pleased to see that the measures implemented by management last spring have yielded the hoped-for results, as we maintained the break-even point achieved during the fourth quarter of 2009 while generating positive cash flows. We remain on the lookout for any opportunity 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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