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Last C$0.32 CAD
Change Today +0.01 / 3.28%
Volume 3.5K
As of 10:21 AM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

lanesborough real estate-uts (LRT-U) Snapshot

Open
C$0.32
Previous Close
C$0.31
Day High
C$0.32
Day Low
C$0.32
52 Week High
07/21/14 - C$1.44
52 Week Low
06/18/15 - C$0.25
Market Cap
6.3M
Average Volume 10 Days
12.1K
EPS TTM
C$-1.03
Shares Outstanding
20.1M
EX-Date
09/28/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LANESBOROUGH REAL ESTATE-UTS (LRT-U)

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lanesborough real estate-uts (LRT-U) Details

Lanesborough Real Estate Investment Trust operates as an unincorporated closed-end real estate investment trust, which invests in a portfolio of retail, residential, industrial, and office properties in Canada. The portfolio of the trust consisted of 4 commercial properties and 14 multifamily residential projects, as of May 4, 2005. The trust was established in 2002 under the laws of the Province of Manitoba and is headquartered in Winnipeg, Canada.

Founded in 2002

lanesborough real estate-uts (LRT-U) Top Compensated Officers

Founder, Chief Executive Officer and Trustee
Total Annual Compensation: C$500.0K
Chief Financial Officer and Secretary
Total Annual Compensation: C$21.4K
Compensation as of Fiscal Year 2014.

lanesborough real estate-uts (LRT-U) Key Developments

Lanesborough REIT Reports Earnings Results for the First Quarter Ended March 31, 2015

Lanesborough REIT reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating results rentals from investment properties of $8,731,719 against $8,908,725 a year ago. Net operating income was $4,752,982 against $4,504,067 a year ago. Loss and comprehensive loss was $3,812,046 against $2,404,013 a year ago. Cash used in operating activities was $292,138 against cash provided by operating activities $718,641 a year ago. Negative funds from operations were $1,915,224 against $2,475,248 a year ago. Negative adjusted funds from operations were $1,610,594 against $2,107,868 a year ago.

Lanesborough REIT, Annual General Meeting, Jun 25, 2015

Lanesborough REIT, Annual General Meeting, Jun 25, 2015., at 11:00 Central Daylight. Location: The Boardroom at the offices of Shelter Canadian Properties Limited. Agenda: To receive the audited financial statements of the trust for the year ended December 31, 2014, together with the auditors' report thereon; to consider and, if deemed advisable, to pass, a resolution to fix the number of trustees of the trust for the ensuing year at four and to elect the three persons identified in the accompanying management information circular dated May 18, 2015 to serve (together with Arni C. Thorsteinson who was separately appointed as a Trustee pursuant to an agreement between the Trust and Shelter) as Trustees for the ensuing year; to appoint the auditor of the trust for the ensuing year and to authorize the Trustees to fix the remuneration of the auditor; to approve the consideration payable pursuant to the new credit facility of the Trust with 2668921 Manitoba Ltd.; and to transact such other or further business as may properly come before the meeting or any other adjournment thereof.

Lanesborough Real Estate Investment Trust Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Lanesborough Real Estate Investment Trust reported earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net operating income was $5.2 million against $6.0 million last year. Loss before gain on sale of investment properties, fair value adjustments and fair value adjustment of Parsons Landing was $1 million against $0.3 million last year. Loss for the period before discontinued operations was $16.6 million against $0.7 million last year. Comprehensive loss was $18.3 million against $0.5 million last year. The increase in the loss mainly reflects a decrease in net operating income of $0.86 million, partially offset by a decrease in interest expense of $0.70 million. The decrease in net operating income is mainly due to a decrease in the net operating income of the Fort McMurray portfolio. The decrease in interest expense mainly reflects a reduction in interest charges related to the change in fair value of the interest rate swap liability. Rentals from investment properties were $9.5 million against $10.1 million last year. For the year, rentals from investment properties were $38.3 million against $40.3 million last year. Net operating income was $21.8 million against $24.2 million last year. Loss before discontinued operations was $20.9 million against income before discontinued operations of $14.7 million last year. Loss and comprehensive loss was $22.2 million against income and comprehensive income of $15.5 million last year. Cash used in operating activities was $0.8 million against cash provided by operating activities of $1.6 million last year. Funds from operations was negative at $4.0 million against $0.9 million last year. Adjusted funds from operations was negative at $6.1 million against $3.9 million last year. Loss before gain on sale of investment properties, fair value adjustments –investment properties and fair value adjustment of Parsons Landing was $4.4 million against $1.4 million last year.

 

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