FFO of euro 1,3 mio

The consolidated Funds from Operations for the first half of 2013 amounted to euro 1,3m compared to euro 1,5m during the same period of 2012.

The consolidated profits after tax amounted to euro 11K versus losses of  euro 3,0m of the first half of the previous year.

The losses from the fair value adjustments of investment properties for the first half of 2013 amounted to euro 1,2m compared to euro 4,6m in the same period last year.

The Company's key fundamentals have as follows:

-     Total rental income amounted to euro2,3 mversus euro 2,4, showing a decrease of euro0,1 mwhich is  mainly attributed to the re-negotiation of the rents for existing leases.

-     The operating expenses amounted to euro0,8 mshowing a 15% decrease  as a result of the cost reduction efforts .

-     The property portfolio value on 30.6.2013 was euro78,1 mcompared to euro79,3 mas of  31.12.2012. The property portfolio value on 30.6.2012 was euro74,1 m.

-     The bank debt consists of long term loans and amounts to euro7,4 m

-     The cash & cash equivalents on 30.06.2013 amounted to euro4,7 m.

-     The Net Asset Value (NAV) on 30.06.2013 amounted to €80,3 mor € 1,46 per share, versus euro85.8 mor euro 1,56 per share on 31.12.2012.

The company s policy aims to maintain long term profitability, based on the quality and further development of its portfolio in order to continue to provide to its shareholders high dividend yields.

The outlook for REIT s is expanded through the revision of the regulatory framework, and it is expected to play a key role in the Greek real estate market, as it is being formed.