Fonciere Des Murs announced consolidated and company earnings results for the period ended March 31, 2013. On consolidated basis, for the March 2013, the company's revenue stands at €44.6 million, up 0.8 % compared with March 31, 2012. The change in the consolidated revenue primarily results from: acquisition of 158 B&B hotels made in 2012 generating €4.2 million in rental income, Group Share; the positive impact of rental indexation representing €0.6 million, partially offset by the downturn in revenue of variable-rent hotels (-€0.5 million); the impact of sales of hotel, healthcare and retail assets (-€3.8 million). Total rental income was €44.2 million, up 1.1% compared with March 31, 2012. This increase in rental income shows the resilience of the business model of Foncière des Murs, French leader in premises holding and number one lessor of two of the biggest hotel operators in France (Accor and B&B).

On company basis, for the quarter, the company reported total rental income of €43.7 million against €48.3 million a year ago. Total revenue was €44.2 million against €48.7 million a year ago.

The company provided earnings guidance for 2013. The company confirmed its objective to continue to benefit from the development opportunities, by assisting its tenants in their development activities, thus bolstering existing partnerships.