Madison Pacific Properties Inc.
TSX : MPC
TSX : MPC.C

May 14, 2008 17:48 ET

Madison Pacific Properties Inc. (TSX: MPC and MPC.C) Announces First Quarter Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2008) - Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C) a Vancouver-based real estate company announces the results of operations for the 3 months ended March 31, 2008.

For the first quarter 2008 the Company is reporting net income of $1,210,000 (2007: $1,008,000); cash flow from continuing operations before changes in non-cash working capital of $1,697,000 (2007: $1,645,000); and earnings per share of $0.02 (2007: $0.02).

The Company owns over $160 million in real estate assets comprising 1,530,000 rentable sq. ft. of industrial and commercial space of which 98.1% is fully leased.

Contact Information

  • Madison Pacific Properties Inc.
    Mr. Alan Firth
    President & CEO
    (604) 732-6540
    or
    Madison Pacific Properties Inc.
    Mr. Bill Ramsey
    Investor Information
    (604) 732-6540
    (604) 732-6550 (FAX)