Advance Terrafund REIT has invested 5,204,584 leva in agricultural lands since the beginning of 2007, BSE-Sofia announced.

The average price of the portfolio with all costs for all properties since the fund was launched stands at 205 leva. In the end of March 2007 Advance Terrafund REIT owned 146.303 mln sq m of lands.

As of 31 March 2007 Advance Terrafund REIT had signed contracts for the lease of 50.028 mln sq m of land representing 41% of the lands bought by the trust as of the end of 2006.

The average agreed lease and rent payment so far is 11.10 leva/1000 sq m. The expected revenues from the lease and rent contracts signed so far are 555,229 leva.

Advance Terrafund’s operating revenues stood at 8,750,603 leva in the end of 2006. These are revenues from checking accounts and deposits interests, revenues from operations involving the investment properties and revenues from property revaluation. As of 31 December 2005 these revenues wre in the amount of 833,000 leva.

Advance Terrafund REIT operating profit stood at 7,347,884 leva as of the moment of the drawing up of the current document. As of 31 December 2005 operating profit stood at 430,000 leva. The company’s operations are corporate tax-exempt.

On the day this document was prepared the company had a profit of about 0.40 leva/share versus 1.14 leva/share in 2005.