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Lanesborough Real Estate Investment Trust V.LRT.UN

Lanesborough Real Estate Investment Trust is a Canada-based real estate investment trust. The investment properties of the Company are separated into three operating segments: Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties. Fort McMurray Properties includes eight properties. Other Investment Properties include two properties. Held for Sale and/or Sold Properties includes sold properties: five properties. The property portfolio of the Company consists of approximately 11 rental properties, encompassing 10 multi-unit residential properties, including the unsold condominium units at Lakewood Townhome.


TSXV:LRT.UN - Post by User

Post by estebancaballoon May 27, 2015 11:51am
131 Views
Post# 23769613

Incredible but true?

Incredible but true?LRT has a market cap of about $8 million. The profit from the sale of the properties on the 'for sale' list could possibly exceed that amount. With the very low CAD these properties are looking very cheap to international investors. All imho.
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