Madison Pacific Properties Inc. Announces First Quarter Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/10/12 -- Madison Pacific Properties Inc. (TSX: MPC)(TSX: MPC.C) (the Company), a Vancouver-based real estate company, announces the results of operations for the three months ended March 31, 2012.
The Company is reporting net income attributable to shareholders of the Company of $5.7 million for the period (2011: $2.7 million); cash flows from operating activities, before changes in non-cash operating balances, of $1.8 million (2011: $1.4 million); and income per share of $0.10 (2011: $0.05).
The net income for 2012 includes a pre-tax gain on fair value adjustment on investment property of $5.0 million (2011: $1.7 million).
The Company owns over $285 million in investment properties comprising of 1.63 million rentable sq. ft. of industrial and commercial space. As at March 31, 2012 over 99% of the available space, excluding property that was under development was leased.
For a review of the risks and uncertainties to which the Company is subject see the December 31, 2011 annual MD&A.
Contacts:
Madison Pacific Properties Inc.
Mr. Alan Firth
President & CEO
(604) 732-6540
(604) 732-6550 (FAX)
Madison Pacific Properties Inc.
Mr. Bill Ramsey
Investor Information
(604) 732-6540
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Datum: 10.05.2012 - 16:39 Uhr
Sprache: Deutsch
News-ID 1113305
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VANCOUVER, BRITISH COLUMBIA
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Kategorie:
Commercial Real Estate
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