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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 BobTheKnob2on Jul 12, 2022 8:51pm
149 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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