President
All amounts have been converted to Canadian dollars (CAD $) using an exchange rate of
FORWARD-LOOKING INFORMATION
Although management believes that the expectations reflected in the forward-looking information are reasonable, no assurance can be given that these expectations will prove to be correct, and since forward-looking information inherently involves risks and uncertainties, undue reliance should not be placed on such information.
Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such forward-looking statements. The estimates and assumptions, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth in this document as well as the following:
i. the ability to continue to receive financing on acceptable terms;
ii. the future level of indebtedness and the REIT's future growth potential will remain consistent with current expectations;
iii. the success of the asset recycling program;
iv. there will be no changes to tax laws adversely affecting the REIT's financing capability, operations, activities, structure, or distributions;
v. the REIT will retain and continue to attract qualified and knowledgeable personnel as the portfolio and business grow;
vi. the impact of the current economic climate and the current global financial conditions on operations, including the REIT's financing capability and asset value, will remain consistent with current expectations;
vii. there will be no material changes to government and environmental regulations that could adversely affect operations;
viii. conditions in the international and, in particular, the French, German, Spanish and other European real estate markets, including competition for acquisitions, will be consistent with past conditions;
ix. capital markets will provide the REIT with readily available access to equity and/or debt financing; and
x. the impact the COVID-19 pandemic and geopolitical conflict in the
The REIT cautions that this list of assumptions is not exhaustive. Although the forward-looking statements contained in this press release are based upon assumptions that management believes are reasonable based on information currently available to management, there can be no assurance that actual results will be consistent with these forward-looking statements.
When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not, or the times at or by which, such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements, including, but not limited to: the REIT's ability to execute its growth and capital deployment strategies; the REIT's ability to execute its asset recycling program; the impact of changing conditions in the European office market; the marketability and value of the REIT's portfolio; changes in the attitudes, financial condition and demand in the REIT's demographic markets; fluctuation in interest rates and volatility in financial markets; the duration and ultimate impact of the COVID-19 pandemic and related government interventions as well as the geopolitical conflict in the
If any risks or uncertainties with respect to the above materialize, or if the opinions, estimates or assumptions underlying the forward-looking statements prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements.
Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Certain statements included in this press release may be considered a ''financial outlook'' for purposes of applicable Canadian securities laws, and as such, the financial outlook may not be appropriate for purposes other than this press release. All forward-looking statements are based only on information currently available to the REIT and are made as of the date of this press release. Except as expressly required by applicable Canadian securities law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. All forward-looking statements in this press release are qualified by these cautionary statements.
About Inovalis REIT
Inovalis REIT is a real estate investment trust listed on the
About
Contact:
Chief Executive Officer
Tel: +33 1 5643 3323
E: david.giraud@inovalis.com
Khalil Hankach
Chief Financial Officer
Tel: +33 1 5643 3313
E: khalil.hankach@inovalis.com
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