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CVE:LRT.UN

0.02
0.00 (0.00%) 1d
0
Showing 1 to 15 of 16 entries
COMMENT

Loved the REIT sector a few years ago. He watched this one a little bit but it didn’t fit into his qualifications. When you have a sector that is in a recovery mode and you have some that are not only laggards but are real dogs, you have to take a really strong look at financial statements to see why.

property mngmnt / investment
DON'T BUY
Convertible debenture maturing 12/11. You don't get the balance sheet protection that you think you are getting. This is a company that you do not want to get the equity of.
property mngmnt / investment
COMMENT
Basically a bet on Fort McMurray. Heavy concentration of decent quality apartments there. Had high-cost debt and in the process of selling assets to cover this. Lots of upside leverage if Fort McMurray comes back, which he thinks it is. High risk/high reward. No distribution at this point. (He owns some warrants, but no equity.)
property mngmnt / investment
DON'T BUY
Apartments. They have problems because of a lack of money. Have a line of credit based on some Saskatchewan property, which is holding the dam.
property mngmnt / investment
SELL
Totally destroyed themselves. Have huge debts and huge problems.
property mngmnt / investment
COMMENT
There is much too much debt and much too much structure into the higher cost in the oil sands. They will be lucky to survive.
property mngmnt / investment
DON'T BUY
Got itself in serious trouble. Had much too much debt.
property mngmnt / investment
DON'T BUY
One of the problems is a lot of debt and a high payout ratio. A huge portion of their assets is in Alberta and in the oil sands area. He would be careful on this one.
property mngmnt / investment
VAGUE
Higher risk then most.
property mngmnt / investment
DON'T BUY
Focused on multi-residential. Some development risk.
property mngmnt / investment
HOLD
Multi-residential. Focused on secondary properties in western Canada. Highly levered to the oil sands. Over distributing, but can see this disappearing by the end of 2007.
property mngmnt / investment
BUY
Multi-residential. Has a lot of exposure to western Canada and 30 to 40% of the revenue comes from Fort McMurray. This area has almost zero vacancy.
property mngmnt / investment
WEAK BUY
One of the most extreme of the western plays. High yield. Probably overpaying its distributions. He feels it will earn its income and it will be a safe investment. Quite a bit of debt. Potentially, Alberta has a lot of risks.
property mngmnt / investment
HOLD
Sold his holdings at around $6. Heavily weighted to Alberta. Will revisit in January. Reasonable yield.
property mngmnt / investment
BUY
Multi-residential REIT. Heavy exposure to western Canada, particularly Fort McMurray. Started in 2005 with high yield and payout ratios well in excess of 100%. Management has increased free cash flow and reduced payout ratio to 150%. Buy for growth, not yield.
property mngmnt / investment
Showing 1 to 15 of 16 entries

Lanesborough REIT(LRT.UN-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Lanesborough REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Lanesborough REIT(LRT.UN-X) Frequently Asked Questions

What is Lanesborough REIT stock symbol?

Lanesborough REIT is a Canadian stock, trading under the symbol LRT.UN-X on the TSX Venture Exchange (LRT.UN-CV). It is usually referred to as TSXV:LRT.UN or LRT.UN-X

Is Lanesborough REIT a buy or a sell?

In the last year, there was no coverage of Lanesborough REIT published on Stockchase.

Is Lanesborough REIT a good investment or a top pick?

Lanesborough REIT was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Lanesborough REIT.

Why is Lanesborough REIT stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Lanesborough REIT worth watching?

0 stock analysts on Stockchase covered Lanesborough REIT In the last year. It is a trending stock that is worth watching.

What is Lanesborough REIT stock price?

On 2021-11-26, Lanesborough REIT (LRT.UN-X) stock closed at a price of $0.015.