Investus Real Estate Inc. discloses financial results for the third quarter
of 2009

QUEBEC CITY, Nov. 27 /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 third quarter ended September 30, 2009.

    
    Operating Results:

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                                                               Cumulative
                                         Quarter               (9 Months)
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    Periods ended September 30      2009        2008        2009        2008
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    Rental revenue from income
     properties                  468,424     381,830   1,315,758   1,060,379
    Net operating income(1)      366,986     368,835   1,094,396     933,766
    Administrative expenses       66,026     306,428     422,221     897,957
    Corporate reorganization
     costs                         1,608           -     318,565           -
    Net loss                      (1,863)   (288,641)   (604,058)   (813,491)
    Net loss per share
     (basic and diluted)               -       0.010      (0.021)     (0.028)
    Funds from operations
     (FFO)(1)                    143,861    (154,303)   (208,769)   (473,756)
    Recurring funds from
     operations (FFO)(1)         145,469    (154,303)    109,796    (473,756)
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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 properties amounted to $468,424 for the three-month period ended September 30, 2009, up from $381,830 for the corresponding period of the previous year, an increase of 22.7% attributable to the recovery of realty taxes.

Net operating income totalled $366,986, compared with $368,835 for the corresponding period of 2008.

Administrative expenses amounted to $66,026, down from $306,428 for the same period of fiscal 2008. The expense decreased considerably due 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.

The net loss for the third quarter of 2009 amounted to $1,863 or $0.000 per share, compared with a loss of $288,641 or $0.010 per share for the corresponding period of the previous year.

However, after deducting corporate reorganization costs, the recurring net loss for the first nine months of 2009 totalled $285,493, compared with a loss of $813,491 for the corresponding period of 2008, which reflects the positive impact of the measures taken by the Company's management.

As shown in the above table, recurring funds from operations amounted to $145,469 for the three-month period ended September 30, 2009, compared with negative funds of $154,303 for the same period of 2008. This can be explained by the major reduction in the Company's administrative expenses as part of its corporate restructuring.

"We are pleased to see that the turnaround measures taken last spring by management have yielded the hoped-for results, as the Company reached the break-even point during the third quarter. And we remain on the lookout for future opportunities that may arise as soon as the markets pick up sufficiently,", indicated Serge Beaudet, President and Chief Executive Officer of Investus Real Estate Inc.

    
    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 factors and risks 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.

%SEDAR: 00025027EF

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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