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The Nobel Reit Announces Filing of Results for the Quarter Ended March 31, 2014

MONTREAL, QUEBEC -- (Marketwired) -- 05/30/14 -- (TSX VENTURE: NEL.UN) - The Nobel Real Estate Investment Trust ("Nobel REIT") announces the filing of its interim consolidated financial statements and its management discussion and analysis report for the quarter ended March 31, 2014.

Highlights and selected financial information

The following table shows highlights and selected financial information for the three-month period ended March 31, 2014.


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                                                             As at December
                                             As at March 31              31
                                                       2014            2013
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                                                          $               $
Financial position
  Investment properties                          14,925,733      15,061,212
  Total assets                                   15,599,901      15,753,596
  Mortgage payable                               10,019,551      10,098,676
  Liability related to Class B Limited
   Partnership units                                400,125         545,625
  Unitholders' equity                             4,709,227       4,692,200
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                                                Three-month     Three-month
                                               period ended    period ended
                                             March 31, 2014  March 31, 2013
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                                                          $               $
Comprehensive loss
  Rental revenues from properties                   491,661               -
  Net operating income                              287,360               -
  Net profit (loss) before changes in fair
   values                                            25,989        (112,510)
  Net profit (loss) and comprehensive
   income (loss) for the period                      44,526        (112,510)
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The interim consolidated financial statements of Nobel REIT, which were prepared in accordance with IFRS, and the management discussion and analysis report for the quarter ended on March 31, 2014 have been filed on SEDAR at www.sedar.com.

About Nobel Real Estate Investment Trust

The REIT is a recently created unincorporated open-ended real estate investment trust governed by the laws of the Province of Quebec. The REIT has been created for the purpose of acquiring and owning income producing properties. The REIT will focus on acquiring commercial retail, mixed-used retail, industrial and suburban office properties in the primary and secondary markets in the Province of Quebec. The REIT currently owns two commercial properties located in Quebec, comprising 71,747 square feet of gross leasable area.

Contacts:
Louis Lemire, CPA, CA
Chief Financial Officer
(450) 655-4338

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