PIRAEUS REAL ESTATE INVESTMENT S.A. (PIRAEUS AEEAP) announces the completion of the annual briefing to analysts in relation to the company's results for the fiscal year 2005. The briefing to analysts also covered the company's results for the first quarter of 2006. The presentation was conducted by the Vice-Chairman and Managing Director of the company, Mr. H.Chortarias, who mentioned that the after tax profit of the company for 2005 amounted to Euro 9.2 million, increased by 37%, dividend per share equaled to Euro 0.15, while the rented premises return on the commercial value of the portfolio reached 6.5%. Net profit for the 1st quarter 2006 amounted to Euro 1.6 million, enhanced by 73% compared to the 1st quarter of 2005. The annualized rented premises return on the commercial value of the portfolio stood at 7.7%. Mr. Chortarias stated that the company's course is considered particularly positive, while referring to the real estate's sector prospects he mentioned that he is optimistic. It is noted that the today's full presentation can be reached through the web site of the company: www.piraeusaeeap.gr.