Sector: Real Estate | Industry: Residential REITs |
Company Contact | |
Address: | 2600 Seven Evergreen Place WINNIPEG MB R3L 2T3 |
Tel: | 1-204-4759090 |
Website: | lreit.com/index_downloadflash.asp |
IR: | See website |
Key People | ||
Gino Romagnoli Chief Executive Officer, Manager - Investor Services | Arni Clayton Thorsteinson Vice Chairman of the Board of Trustee | Gary W. Benjaminson Chief Financial Officer, Secretary |
Business Overview |
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. |
Financial Overview |
For the fiscal year ended 31 December 2023, Lanesborough Real Estate Investmnt Trust revenues decreased 23% to C$13.1M. Net loss before extraordinary items totaled C$1.8M vs. income of C$26.2M. Revenues reflect Rentals from investment properties decrease of 26% to C$13.2M. Net loss reflects Gain on extinguishment of Series G Deben decrease from C$19.8M (income) to C$0K, Fair value adjustments decrease of 63% to C$5.7M (income). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $177.46M as of Dec 31, 2023 |
Annual revenue (TTM): | $13.15M as of Dec 31, 2023 |
EBITDA (TTM): | $2.43M as of Dec 31, 2023 |
Net annual income (TTM): | -$1.78M as of Dec 31, 2023 |
Free cash flow (TTM): | -$5.79M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $174.06M as of Dec 31, 2023 |
Shares outstanding: | 680,473,620 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |