Last C$0.59 CAD
Change Today -0.03 / -4.84%
Volume 2.0K
LHR On Other Exchanges
Symbol
Exchange
Venture
As of 10:27 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

lakeview hotel investment co (LHR) Snapshot

Open
C$0.59
Previous Close
C$0.62
Day High
C$0.59
Day Low
C$0.59
52 Week High
11/28/14 - C$0.79
52 Week Low
04/17/14 - C$0.22
Market Cap
11.8M
Average Volume 10 Days
6.6K
EPS TTM
--
Shares Outstanding
19.6M
EX-Date
03/2/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LAKEVIEW HOTEL INVESTMENT CO (LHR)

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lakeview hotel investment co (LHR) Details

Lakeview Hotel Real Estate Investment Trust operates as a closed-end mutual fund trust. It owns directly and indirectly the Lakeview Inn & Suites, Fredericton. The trust has also a 49% interest in the Lakeview Flag. It intends to invest in a portfolio of hotel properties, commercial and office properties, and extended stay properties in Canada and the United States. The trust was created under the laws of the Province of Manitoba in February 2004 and is headquartered in Winnipeg, Manitoba.

Founded in 2004

lakeview hotel investment co (LHR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: --
Chief Financial Officer, Chief Financial Offi...
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

lakeview hotel investment co (LHR) Key Developments

Lakeview Hotel Investment Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Lakeview Hotel Investment Corp. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $113,085 or $0.006 basic and diluted income before income tax per share/unit on total revenue of $10,787,017 against net income of $1,218,379 or $0.062 basic and diluted income before income tax per share/unit on total revenue of $11,041,890 for the corresponding period last year. Funds from operations were $1,138,396 or $0.058 per basic and diluted share compared to $2,028,716 or $0.104 per basic and diluted share a year ago. Adjusted funds from operations were $1,534,802 or $0.078 per basic and diluted share compared to $1,805,604 or $0.092 per basic and diluted share a year ago. Distributable income was $1,636,004 or $0.084 per basic and diluted share compared to $1,906,819 or $0.097 per basic and diluted share a year ago. For the nine months, the company reported net income of $1,863,535 or $0.095 basic and diluted income before income tax per share/unit on total revenue of $29,533,615 against net income of $6,683,411 or $0.342 basic and diluted income before income tax per share/unit on total revenue of $30,933,941 for the corresponding period last year. Funds from operations were $3,603,284 or $0.184 per basic and diluted share compared to $3,240,828 or $0.166 per basic and diluted share a year ago. Adjusted funds from operations were $3,648,113 or $0.187 per basic and diluted share compared to $2,647,599 or $0.135 per basic and diluted share a year ago. Distributable income was $3,869,590 or $0.198 per basic and diluted share compared to $2,970,332 or $0.152 per basic and diluted share a year ago.

Lakeview Hotel Investment Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Lakeview Hotel Investment Corp. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of CAD 9,057,935 compared to CAD 9,945,346 a year ago. Net income was CAD 549,863 or CAD 0.028 per basic and diluted share compared to CAD 5,780,347 or CAD 0.296 per basic and diluted share a year ago. Funds from operations were CAD 1,138,525 or CAD 0.058 per basic and diluted share compared to CAD 518,663 or CAD 0.027 per basic and diluted share a year ago. For the six months, the company reported total revenue of CAD 18,746,598 compared to CAD 19,892,051 a year ago. Net income was CAD 1,750,450 or CAD 0.090 per basic and diluted share compared to CAD 5,465,032 or CAD 0.279 per basic and diluted share a year ago. Funds from operations were CAD 2,464,888 or CAD 0.126 per basic and diluted share compared to CAD 1,212,112 or CAD 0.062 per basic and diluted share a year ago.

Lakeview Hotel Investment Corp. Announces Major Refinancing

Lakeview Hotel Investment Corp. announced that it has refinanced all first mortgage loans on thirteen properties in Alberta and British Columbia. The $48 million facility is being provided by a syndicate of lenders led by Alberta Treasury Branches and including Business Development Bank of Canada (BDC) and Roynat Capital. This financing comes subsequent to and replaces a facility that was put in place last month on the same thirteen properties. The financing announced provides generally much more favorable conditions than the previous financing including a five year term and a significantly lower interest rate of 6.08%.

 

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