Homburg Invest Inc. announced unaudited consolidated earnings results for the third quarter ended September 30, 2012. For the quarter, the company reported property revenues from continuing operations were CAD 29.4 million during the third quarter ended September 30, 2012, compared to CAD 31.6 million for the same quarter in 2011 for a decrease of CAD 2.2 million. Net operating income was CAD 24.2 million in the third quarter of 2012, compared to CAD 25.8 million in the third quarter of 2011 for a decrease of CAD 1.6 million.

Loss before taxes from continuing operations was CAD 22.1 million, CAD 1.06 per share compared to loss before taxes of CAD 70.3 million, CAD 0.98 per share in the same period in 2011, a favorable variance of CAD 48.2 million. Funds from operations net of the sale of properties developed for resale, was CAD 8.0 million compared loss from operations net of the sale of properties developed for resale of CAD 2.9 million for the same period in 2011, for a positive variance of CAD 10.9 million.