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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

Post by BobTheKnob2on Jul 12, 2022 8:51pm
126 Views
Post# 34819552

Best possible outcome for vote

Best possible outcome for vote

I look at the outcome of the vote, with more than 50% rejecting the 500 to 1 consolidation. Then I look at the share price. It is still where it was a month ago. Then I look at the S&P Select Sector performance year-to-date and today. 

Real Estate has a return of negative 22.82% YTD and down 0.12% today
TSX Venture has a return of negative 35.62% YTD and down 0.28% today

I think about this, the management here should be quite pleased with the cote how it turned out for unitholders and management alike. 

We are not down today. It is a pretty fantastic day in the world of Lanesborough unitholders.

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