LRT_u – Lanesborough Real Estate Investment Trust

Not Compliant

Lanesborough Real Estate Investment Trust is not Shariah Compliant because it fails the financial ratios.

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.

AAOIFI ✗

Debt ÷ Market cap (MC)5286.58
Non-Compliant Assets ÷ MC1182.77

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