Shares issued:  Class A - 155,578,911  Class B - 31,514,782

Halifax, Nova Scotia,  August 8, 2008  (TSX: HII.A &  HII.B and  NYSE
Euronext Amsterdam:  HII)  - Richard  Homburg,  Chairman and  CEO  of
Homburg Invest Inc. ("Homburg Invest" or "the Company") is pleased to
announce Homburg  Invest has  released the  June 30,  2008  financial
results prepared under  both Canadian  Generally Accepted  Accounting
Principles (GAAP)  and  International Financial  Reporting  Standards
(IFRS).  The complete June 30,  2008 financial results and MD&A  will
be available for viewing and  downloading from the corporation's  web
site at www.homburginvest.com.

The Company  is pleased  to announce  a substantial  increase in  the
results both under IFRS  and Canadian GAAP for  the six months  ended
June 30, 2008.

Increase in IFRS results:

* Property revenue increased 60.2% to $152.1 million compared to June
  30, 2007.
* Property net operating income (note) increased 42.4% to $112.2
  million compared to June 30, 2007
* Funds from operations per share (note) increased 72.2% to $0.31
  compared to June 30, 2007
* Funds from operations (note) increased 137.0% to $56.1 million
  compared to June 30, 2007

Increase in Canadian GAAP results:
* Property revenue increased 59.3% to $151.2 million compared to June
  30, 2007
* Property net operating income (note) increased 41.3% to $111.4
  million compared to June 30, 2007
* Funds from operations per share (note) increased 70.0% to $0.34
  compared to June 30, 2007
* Funds from operations (note) increased 138.8% to $62.2 million
  compared to June 30, 2007

The Company prepares it's quarterly and annual statements under  both
GAAP and  IFRS.   This  reflects  the  Board's  view  that  the  IFRS
presentation most  accurately reflects  the financial  position of  a
real estate investment company,  while at the  same time the  Company
continues to comply  with requirements to  produce its results  under
GAAP.  This  also  reflects  the  Company's  desire  to  provide  its
shareholders  with  as  much  information  as  possible  in   today's
environment  of  continuing  concerns   with  respect  to   financial
disclosure in the market place.

The most significant differences between IFRS and GAAP statements are
that while the IFRS statements  reflect the investment properties  at
fair value and are without depreciation charges, the GAAP  statements
record  the  fixed  assets   at  historical  cost  less   accumulated
depreciation.  In addition, deferred charges relating to leasing fees
have been recorded as an asset  in the GAAP financial statements  and
will be charged  to expense over  the period of  the related  lease.
These charges are written off in the period incurred under IFRS.

Financial Highlights - IFRS
Second Quarter ended June 30, 2008


                                      Six Months  Six Months
                                           Ended       Ended
                                         June 30     June 30
(000's)                                     2008        2007 Increase

Property revenue                        $152,103     $94,961    60.2%
Property net operating income           $112,212     $78,796    42.4%
Other revenue                           $134,615     $47,384
Unrealized valuation changes            ($4,011)     $25,093
Net earnings                             $34,563     $48,578
Earnings per share - basic and
diluted                              $0.19/$0.18 $0.38/$0.35
Funds from operations                    $56,084     $23,665   137.0%
Funds from operations per share -
basic and diluted                    $0.31/$0.30 $0.18/$0.17    72.2%


Financial Highlights - IFRS
Second Quarter ended June 30, 2008


                                   Three Months Three Months
                                          Ended        Ended
                                        June 30      June 30
(000's)                                    2008         2007 Increase

Property revenue                        $77,290      $54,925    40.7%
Property net operating income           $56,972      $42,976    32.6%
Other revenue                           $49,672      $27,076
Unrealized valuation changes           ($3,389)      $16,538
Net earnings                            $16,709      $29,598
Earnings per share - basic and
diluted                             $0.09/$0.09  $0.22/$0.20
Funds from operations                   $25,828       $9,114   183.4%
Funds from operations per share
- basic and diluted                 $0.14/$0.13  $0.07/$0.06   100.0%


Property revenue for  the second quarter  is up 40.7%  over the  same
quarter in 2007  to $77.3 million.    At the same  time property  net
operating income (NOI) increased to $57.0 million from $43.0 million,
an increase of 32.6%.
The positive aspects  of the  growth in our  portfolio also  manifest
themselves in our  funds from  operations ("FFO")  which improved  to
$25.8 million in the  second quarter of 2008,  up 183.4% from  2007's
quarter two.   On an  annualized basis  this is  a FFO  of $0.62  per
share, which is  a FFO payout  ratio (note) of  77.4%.  When the  50%
participation in our  dividend reinvestment program  is factored  in,
the cash outflow on  our annual $0.48 dividend  is $0.24, a FFO  cash
payout ratio of 38.7%.

Shareholders' equity increased from $886.3 million at December 31,
2007 to $886.7 million at June 30, 2008.


Financial Highlights - GAAP
Second Quarter ended June 30, 2008


                                      Six Months  Six Months
                                           Ended       Ended
                                         June 30     June 30
(000's)                                     2008        2007 Increase

Property revenue                        $151,241     $94,961    59.3%
Property net operating income           $111,350     $78,795    41.3%
Other income                            $141,054     $50,047
Realized gains on sale of property          $Nil      $2,179
Net earnings                             $18,543     $18,092
Earnings per share - basic and
diluted                              $0.10/$0.10 $0.14/$0.13
Funds from operations                    $62,166     $26,036   138.8%
Funds from operations per share -
basic and diluted                    $0.34/$0.33 $0.20/$0.19    70.0%


Financial Highlights - GAAP
Second Quarter ended June 30, 2008


                                   Three Months Three Months
                                          Ended        Ended
                                        June 30      June 30
(000's)                                    2008         2007 Increase

Property revenue                        $76,879      $54,925    40.0%
Property net operating income           $56,561      $42,976    31.6%
Other income                            $48,731      $29,666
Net earnings                             $9,325       $9,490
Earnings per share - basic and
diluted                             $0.05/$0.05  $0.07/$0.07
Funds from operations                   $28,532      $11,485   148.4%
Funds from operations per share
- basic and diluted                 $0.15/$0.15  $0.09/$0.08    66.7%



Homburg Invest, with its head office in Halifax, Nova Scotia, owns
and develops a diversified portfolio of quality real estate including
office, retail, industrial and residential apartment and townhouse
properties throughout Canada, the United States and Western Europe.

                                -30-

For further information, please contact:

Mr. Richard Homburg,
Chairman and CEO
Homburg Invest Inc.
902-468-3395

or

J. Richard Stolle
President and COO
Homburg Invest Inc.
31-20-573-3855

This news release may  contain statements which  by their nature  are
forward looking and  express the Company's  beliefs, expectations  or
intentions regarding  future performance,  future events  or  trends.
Forward looking statements  are made  by the Company  in good  faith,
given management's  expectations  or  intentions  however,  they  are
subject to market conditions, acquisitions, occupancy rates,  capital
requirements, sources of funds, expense levels, operating performance
and other  matters.  Therefore, forward  looking  statements  contain
assumptions which are subject  to various factors including:  unknown
risks and uncertainties:  general economic  conditions; local  market
factors; performance of other third parties; environmental  concerns;
and interest rates, any of which  may cause actual results to  differ
from the  Company's good  faith beliefs,  expectations or  intentions
which have  been  expressed in  or  may  be implied  from  this  news
release. Therefore, forward looking statements are not guarantees  of
future performance  and  are  subject to  known  and  unknown  risks.
Information and statements  in this document,  other than  historical
information,  should  be   considered  forward-looking  and   reflect
management's current views of future events and financial performance
that involve a number of risks and uncertainties. Factors that  could
cause actual  results  to  differ materially  include,  but  are  not
limited  to,   the  following:   general  economic   conditions   and
developments within  the real  estate industry,  competition and  the
management of growth. The Toronto Stock Exchange has neither approved
nor disapproved of the information contained herein.

Note

Non GAAP and Non IFRS Financial Measures

This news release includes measures widely accepted within the real
estate industry which are not defined under CDN GAAP or IFRS.  These
measures include Funds from Operations, Funds from Operations per
share, Property Net  Operating Income, and Payout Ratio.  As these
are not defined measures under CDN GAAP or IFRS, other issuers' may
have different calculations from those used by the Company.

The Company considers these amounts to be measures of operating and
financial performance.

a) Funds from Operations ("FFO") and FFO per share are presented by
the Company as net income (loss) from continuing operations adjusted
for amortization, stock based compensation, deferred and capital
income taxes, unrealized and realized valuation changes, and
unrealized foreign exchange gains; divided by the weighted average
number of shares outstanding
b) FFO payout ratio are presented by the Company as dividends per
share divided by funds from operations per share
c) FFO Cash payout ratio are presented by the Company as cash
dividends per share divided by fund from operations per share
d) Property Net operating income ("N0I") are presented by the Company
as Property Revenue less Property Operating Expenses


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