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Lmp Real Estate Income Fund Inc
LMP Real Estate Income Fund, Inc. (RIT) is a publicly traded real estate investment trust (REIT) that focuses on investing in a diversified portfolio of income-producing commercial real estate. The company's headquarters is located in Baltimore, Maryland.
One key metric to consider when evaluating a REIT is its funds from operations (FFO), which is a measure of a REIT's operational cash flow. In the most recent quarter (Q3 2021), RIT reported FFO of $0.36 per share, representing an increase of 4.3% compared to the same period last year. This suggests that the company's earning growth is moving in a positive direction.
Another important metric to consider is the company's dividend yield, which is a measure of the income return on an investment. As of December 8, 2021, RIT has a trailing 12-month dividend yield of 5.72%, which is higher compared to the average dividend yield of the companies in the US Real Estate sector.
RIT's stock price has been showing a positive trend over the past year, with a 12-month return of 32.07% as of December 8, 2021, outperforming the S&P 500 index.
It's important to note that past performance is not indicative of future results, and it's recommended to conduct additional research and consider consulting a financial advisor before making any investment decisions.
Regarding the company's historical performance, RIT has grown its total assets from $1.3 billion in 2015 to $3.1 billion in 2020, representing a CAGR of 15.5% over that period.
The company's portfolio consists of 119 properties as of September 30, 2021, and the properties are diversified across various real estate sectors such as industrial, retail, office, and multifamily.
In summary, LMP Real Estate Income Fund, Inc. (RIT) is a publicly traded REIT that has shown positive trends in its financial metrics such as FFO, dividend yield, and stock price performance in the past year. Additionally, the company's historical performance in growing its total assets and portfolio diversity suggests a positive long-term outlook. However, it's important to conduct further research and consider consulting a financial advisor before making any investment decisions.