Last C$1.35 CAD
Change Today 0.00 / 0.00%
Volume 0.0
LRT-U On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 3:28 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

lanesborough real estate-uts (LRT-U) Snapshot

Open
C$1.36
Previous Close
C$1.35
Day High
C$1.36
Day Low
C$1.35
52 Week High
04/1/14 - C$1.50
52 Week Low
09/26/13 - C$0.64
Market Cap
27.1M
Average Volume 10 Days
40.1K
EPS TTM
C$0.77
Shares Outstanding
20.1M
EX-Date
09/28/09
P/E TM
1.8x
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$54.4K
Compensation as of Fiscal Year 2012.

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

Lanesborough REIT Auditor Raises 'Going Concern' Doubt

Lanesborough REIT filed its Annual on Mar 13, 2014 for the period ending Dec 31, 2013. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Lanesborough REIT Reports Earnings Results for the Year Ended December 31, 2013

Lanesborough REIT reported earnings results for the year ended December 31, 2013. For the year, the company reported operating results rentals from investment properties of $40,328,764 against $38,410,992 a year ago. Net operating income was $24,208,769 against $22,429,229 a year ago. Income before taxes and discontinued operations was $14,689,374 against $601,545 a year ago. Income and comprehensive income was $15,519,586 against $20,098,308 a year ago. Cash provided by operating activities was $1,625,477 against cash used in operating activities of $4,538,612 a year ago. Loss from operations was $887,528 against $7,138,217 a year ago. Adjusted loss from operations was $3,863,140 against $10,207,994 a year ago.

Lanesborough REIT Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Lanesborough REIT reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported rentals from investment properties of $10,417,760 compared to $9,206,783 a year ago. Net operating income was $6,405,204 compared to $5,355,272 a year ago. Income before taxes and discontinued operations was of $13,422,853 compared to loss before taxes and discontinued operations of $3,078,641 a year ago. Income and comprehensive income was of $13,505,324 compared to loss and comprehensive loss of $2,298,800 a year ago. Cash provided by operating activities was $3,280,950 against $488,083 a year ago. Funds from operations were $700,219 against funds used in operations of $2,644,953 a year ago. Adjusted funds used in operations were $481,765 against $3,341,145 a year ago. Distributable income was $714,151 against $733,513 a year ago. For nine months, the company reported rentals from investment properties of $30,212,858 compared to $28,978,605 a year ago. Net operating income was $18,185,494 compared to $17,134,762 a year ago. Income before taxes and discontinued operations was of $15,358,454 compared to $1,380,093 a year ago. Income and comprehensive income was of $16,028,750 compared to $3,912,535 a year ago. Cash provided by operating activities was $3,191,759 against cash used in operating activities of $5,111,689 a year ago. Funds used in operations were $544,062 against $5,173,307 a year ago. Adjusted funds used in operations were $2,909,604 against $6,614,948 a year ago. Distributable loss was $833,474 against distributable income of $400,635 a year ago.

 

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