Sustainable Real Estate Dividend Fund (T:MSRE.UN)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| Company Contact | |
| Address: | 8 Spadina Avenue, Suite 3100 TORONTO ON M5V 0S8 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| N/A | ||
| Business Overview |
| Sustainable Real Estate Dividend Fund (the Fund) is a Canada-based closed-ended investment trust. The investment objectives of the Fund are to provide holders of units with stable monthly cash distributions and enhanced long-term total return through capital appreciation of the Fund's investment portfolio. The Fund utilizes an investment strategy comprised primarily of dividend paying securities of international issuers focused on, involved in, or that derive a significant portion of their revenue from business models that are creating and transforming the green property and related sectors by employing or developing sustainable property management practices or materials (Sustainable Real Estate Issuers). Middlefield Limited is both the manager and trustee of the Fund (the Manager). Middlefield Capital Corporation (MCC) is the advisor to the Fund. |
| Financial Overview |
| For the six months ended 30 June 2023, Sustainable Real Estate Dividend Fund revenues increased from -C$3.8M to C$1.1M. Net income totaled C$745K vs. loss of C$4M. Revenues reflect Change in Net Unrealized Gain (Loss) on increase from -C$4.1M to C$1.7M, Income from Investments increase of 93% to C$360K, Realized Foreign Exchange G/L - Capital increase from -C$23K to C$12K. Net Income reflects Legal Fees decrease of 71% to C$7K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $1.95M as of Jun 30, 2023 |
| EBITDA (TTM): | $1.29M as of Jun 30, 2023 |
| Net annual income (TTM): | $1.24M as of Jun 30, 2023 |
| Free cash flow (TTM): | -$1.55M as of Jun 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 2,259,894 as of Mar 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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