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Revenues up 1.1% - Like-for-like rental income remains stable


PR Newswire/Les Echos/

PRESS RELEASE

Paris, 25 April 2013


      Revenues up 1.1% - Like-for-like rental income remains stable

Rent stable on a like-for-like basis

In EUR millions   31 March  31 March  31 March  Change Group  Like-for-like
                   2012     2013   Group Share  Share (%)   change (%)

Hotels 25.9 32.7 28.6 10.5% -1.4% Healthcare 6.8 5.7 5.7 -16.3% 2.4% Retail 11.0 9.9 9.9 -10.3% 3.2% Total rental income 43.7 48.3 44.2 1.1% 0.2% Services 0.5 0.4 0.4 n.a. Total revenue 44.2 48.7 44.6 0.8%

Rental income for Foncière des Murs is stable on a like-for-like basis on 31 March 2013.

Consolidated revenue stands at EUR44.6 million, up 0.8 % compared with 31 March 2012. The change in the consolidated revenue primarily results from:

o Acquisition of 158 B&B hotels made in 2012 generating EUR4.2 million in

rental income, Group Share o The positive impact of rental indexation representing EUR0.6 million,

partially offset by the downturn in revenue of variable-rent hotels

(-EUR0.5 million) o The impact of sales of hotel, healthcare and retail assets (-EUR3.8


    million).

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).

EUR134 million in asset sales and sales agreement, at a price 1.8% higher than
the appraisal values

EUR134 million in asset sales and sales agreement (including sales agreement
already signed as of 31 December 2012) have been made, at a price 1.8% higher
than the appraisal values for 2012. These disposals and sale agreements covered
35 assets, including:
  o 11 hotels for EUR66 million hotels. The selling strategy of Accor hotels is
    being continued, in both ways of premises selling for 6 assets and joint

premises and business selling together with Accor for 5 assets. o 22 operating retail premises for EUR61 million. Theses sales of Qucik and

Courtepaille premises have been made as single units and as part of

portfolios, with various investors. o 2 retirement homes for EUR7 million

Outlook for 2013

Foncière des Murs confirms its objective to continue to benefit from the development opportunities, by assisting its tenants in their development activities, thus bolstering existing partnerships.

Next financial event:

16 July 2013: Publication of the H1 2012 results

CONTACTS


           Cécile Boyer               Sébastien Bonneton
    Tel: +33 (0)1 58 97 54 47    Tel: +33(0)1 58 97 52 44
       cecile.boyer@fdr.fr         sebastien.bonneton@fdr.fr

About Foncière des Murs Foncière des Murs, a subsidiary of Foncière des Régions, specialises in the ownership of business premises, especially in the hotel, healthcare, and retail sectors. As a listed real estate investment company (SIIC), Foncière des Régions is a real estate partner for major players in the business properties sector. Foncière des Murs owns a portfolio amounting to EUR3 billion and manages a EUR4 billion portfolio. www.foncieredesmurs.fr

About Foncière des Régions As a major player in the service sector real estate for Offices & Key Accounts, Foncière des Régions owns and manages a EUR9.3 billion portfolio that is primarily leased to key accounts who are leaders in their business sectors, including SUEZ Environnement, Thales, Dassault Systèmes, France Telecom, EDF, and Accor, etc. As companies' real estate strategy partner, Foncière des Régions works with clients to design innovative and sustainable solutions. www.foncieredesregions.fr

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-0- Apr/26/2013 09:23 GMT

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