TSXV:LRT.UN

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Lanesborough Real Estate Investment Trust

Executive Summary

LREIT is a real estate investment trust, which is listed on the TSX Venture Exchange under the symbols LRT.UN (Trust Units) and LRT.DB.G (Series G Debentures).


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Lanesborough Real Estate Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LRT.UN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

LRT.UN

-1.3%

CA REITs

2.1%

CA Market


1 Year Return

0%

LRT.UN

-21.0%

CA REITs

-9.6%

CA Market

Return vs Industry: LRT.UN exceeded the Canadian REITs industry which returned -20.7% over the past year.

Return vs Market: LRT.UN exceeded the Canadian Market which returned -10.8% over the past year.


Shareholder returns

LRT.UNIndustryMarket
7 Day0%-1.3%2.1%
30 Day-50.0%-3.6%3.2%
90 Day-50.0%1.7%12.4%
1 Year0%0%-16.7%-21.0%-6.4%-9.6%
3 Year-85.7%-85.7%4.2%-11.7%7.0%-3.3%
5 Year-98.3%-98.3%21.1%-8.9%26.6%7.2%

Price Volatility Vs. Market

How volatile is Lanesborough Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Lanesborough Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Lanesborough Real Estate Investment Trust is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Lanesborough Real Estate Investment Trust has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of LRT.UN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Lanesborough Real Estate Investment Trust regulatory filings.
  • Explore potentially undervalued companies in the Real Estate industry.

Future Growth

How is Lanesborough Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.9%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lanesborough Real Estate Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Lanesborough Real Estate Investment Trust performed over the past 5 years?

14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LRT.UN is currently unprofitable.

Growing Profit Margin: LRT.UN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LRT.UN is unprofitable, but has reduced losses over the past 5 years at a rate of 14.7% per year.

Accelerating Growth: Unable to compare LRT.UN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LRT.UN is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (24.2%).


Return on Equity

High ROE: LRT.UN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Lanesborough Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: LRT.UN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: LRT.UN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: LRT.UN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: LRT.UN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: LRT.UN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: LRT.UN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.2% each year


Next Steps

Dividend

What is Lanesborough Real Estate Investment Trust current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LRT.UN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LRT.UN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LRT.UN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LRT.UN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: LRT.UN is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LRT.UN's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Gino Romagnoli (59yo)

3.5yrs

Tenure

CA$70,000

Compensation

Mr. Gino Romagnoli, C.G.A., CPA, has been the Chief Executive Officer of Lanesborough Real Estate Investment Trust since January 1, 2017 and served as its Senior Manager of Investor Services until January  ...


CEO Compensation Analysis

Compensation vs Market: Gino's total compensation ($USD51.40K) is below average for companies of similar size in the Canadian market ($USD175.78K).

Compensation vs Earnings: Gino's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Gino Romagnoli
Chief Executive Officer3.5yrsCA$70.00kno data
Gary Benjaminson
CFO & Secretary5.92yrsCA$64.00kno data
Richard Blair
COO & Senior VPno datano datano data
Larry Beeston
General Manager of Condominium & Manitoba High Rise Rental Properties3.58yrsno datano data
Elliot Katz
Regional Manager of Western Canada15.5yrsno datano data
Mathew Sheedy
Branch Manager of Wood Buffalo Branch3.58yrsno datano data

3.6yrs

Average Tenure

65yo

Average Age

Experienced Management: LRT.UN's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Charles Loewen
Independent Chairman of the Board & Lead Trustee18.25yrsCA$49.00k0.29% CA$300.0
Arni Thorsteinson
Vice Chairman3.5yrsno data4.9% CA$5.0k
Earl Coleman
Independent Trustee18.25yrsCA$51.50k0.32% CA$333.0

18.3yrs

Average Tenure

Experienced Board: LRT.UN's board of directors are seasoned and experienced ( 18.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Lanesborough Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lanesborough Real Estate Investment Trust
  • Ticker: LRT.UN
  • Exchange: TSXV
  • Founded: 2002
  • Industry: Residential REITs
  • Sector: Real Estate
  • Market Cap: CA$102.786k
  • Shares outstanding: 20.56m
  • Website: https://www.lreit.com

Location

  • Lanesborough Real Estate Investment Trust
  • 2600 Seven Evergreen Place
  • Winnipeg
  • Manitoba
  • R3L 2T3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LRT.UNTSXV (TSX Venture Exchange)YesTrust UnitsCACADNov 2000

Biography

LREIT is a real estate investment trust, which is listed on the TSX Venture Exchange under the symbols LRT.UN (Trust Units) and LRT.DB.G (Series G Debentures). 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/15 00:09
End of Day Share Price2020/07/08 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.