MPC Madison Pacific Properties Inc

Madison Pacific Properties Inc. (TSX:MPC)(TSX:MPC.C) a Vancouver-based real
estate company announces the results of operations for the nine months ended
September 30, 2008.


The Company is reporting net income from continuing operations of $3,007,000 for
the nine months ended September 30, 2008 compared to $4,196,000 for the same
period in 2007. Cash flow from operations before changes in non-cash working
capital for the nine months ended September 30, 2008 is $4,954,000 compared to
$5,416,000 for the same period in 2007. Earnings per share were $0.05 per share
for the nine months ended September 30, 2008 compared to $0.08 per share for the
same period in 2007.


For the three months ended September 30, 2008 net income from continuing
operations was $1,000,000 compared to $1,166,000 for the same period in 2007.
Cash flow from operations before changes in non-cash working capital for the
three months ended September 30, 2008 is $1,643,000 compared to $2,078,000 for
the same period in 2007. Earnings per share were $.01 per share for the three
months ended September 30, 2008 compared to $.02 per share for the same period
in 2007.


The Company owns real estate assets comprising 1,542,440 rentable sq. ft. of
commercial and industrial space of which 97.4% is leased.

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