TSXV:LRT.UN - Post by User
Comment by
Isyckleon Dec 29, 2021 10:34pm
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Post# 34269696
RE:RE:The smart thing for 2668921 Manitoba to do
RE:RE:The smart thing for 2668921 Manitoba to do Since the change in accounting method, the accounting as been diminishing the assets value as negative" Fair value adjustments" been going on since 2017.
The asset value doesn't reflect the market price of the assets, but the pure financial performance of buildings and unit as money making machines.
Few years back, fire broke out where they hold most of the real estate, making the tenants leave for a while with construction and everything. Also, job market in Fort isnt as good as it used to,
therefore revenues were less than they were before.
The trust makes money, assets at market price are valuable, but on paper it seems like a bad investment.
Keyword: On Paper