Homburg Invest Inc. announced unaudited consolidated earnings results for the second quarter ended June 30, 2012. For the quarter, the company reported property revenue of CAD 30.4 million compared to CAD 31.9 million a year ago. Total revenues and other gains at negative was CAD 55.2 million against total revenues and other gains of CAD 0.9 million a year ago.

Net operating income was CAD 25.0 million compared to CAD 25.2 million a year ago. Net loss was CAD 104.4 million compared to CAD 40.2 million a year ago. Basic and diluted loss per share was CAD 5.18 compared to CAD 1.99 a year ago.

Funds from operations, net of the sale of properties developed for resale was CAD 7.0 million against Funds from operations, net of the sale of properties developed for resale at negative of CAD 1.8 million a year ago. Negative Funds from operations per share was CAD 0.35 against CAD 0.09 a year ago.