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Lanesborough Real Estate Investment Trust V.LRT.UN

Lanesborough Real Estate Investment Trust (The Trust) is a Canada-based closed-end real estate investment trust. The investment properties of the Trust operate through three segments: Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties. Its Fort McMurray Properties include 10 properties. Its Other Investment Properties includes three properties. It’s Held for Sale and/or Sold Properties includes four properties. The Trust's property portfolio consists of 13 rental properties, encompassing 12 multi-unit residential properties, including the unsold condominium units at Lakewood Townhomes.


TSXV:LRT.UN - Post by User

Lanesborough Real Estate Investment Trust
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Comment by alertmeippon Apr 01, 2010 7:55pm
418 Views
Post# 16951071

RE: IMHO

RE: IMHOThe earning release was pretty lousy.Vac rate is north of 20%, still burning cash.

They pay Shelter based on book value not rental income so the expense does not come down while the rental incomes tanks.

The only positive news is the estimated current value is still above book value (purchase price).... so worst case scenario should still give us more than 60 cents even if u cut 10% from that estimated value.

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Dealroom for high-potential pre-IPO opportunities