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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

Lanesborough Real Estate Investment Trust > The smart thing for 2668921 Manitoba to do
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Comment by Isyckleon Dec 30, 2021 4:03pm
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Post# 34272029

RE:RE:RE:RE:The smart thing for 2668921 Manitoba to do

RE:RE:RE:RE:The smart thing for 2668921 Manitoba to do With the current balance sheet, i think everything would go to Shelter and Manitoba with the loans that were needed, even though it was artificial.

If liquidated right, Debenture holders would get crumbs.

Leaving the trust unit holders with nothing.

But remember, the only reason why right hand loaned to left hand, is because of the cumulative fair value discount, nothing more.

They have money, and at market price buildings should at least worth 80%-100% of the actual long term debt, if you consider the huge rise in real estate prices.

In the long run, long term debt will melt, and with more revenues, fair value will have no choice but rise again, putting the balance sheet in the positive.

 We have to be patient.
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