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r&r real estate investment t (RRR-U) Details

R&R Real Estate Investment Trust, an open-ended real estate investment trust, acquires and owns hotel properties located in the United States. Its hotel properties include the Red Roof Inn hotel located at Anne Arundel County, Maryland. The company is based in Mississauga, Canada.

r&r real estate investment t (RRR-U) Top Compensated Officers

CEO & President
Total Annual Compensation: C$150.0K
Executive Chairman
Total Annual Compensation: --
CFO & Corporate Secretary
Total Annual Compensation: C$125.0K
Compensation as of Fiscal Year 2018.
r&r real estate investment t
R&R Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2018

R&R Real Estate Investment Trust announced earnings results for the full year ended December 31, 2018. For the full year, the company announced net income was USD 5.198 million compared to net loss of USD 1.513 million a year ago. Basic earnings per share was USD 0.16 compared to basic loss per share of USD 0.047 a year ago. Diluted earnings per share was USD 0.03 compared to USD 0 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0 a year ago.

R&R Real Estate Investment Trust Reports Earnings Results for the Third Quarter Ended September 30, 2018

R&R Real Estate Investment Trust announced earnings results for the third quarter ended 30-Sep-18. For the third quarter, the company announced total revenue was USD 4.323 million compared to USD 725,820 a year ago. Net income was USD 1.467 million compared to USD 480,224 a year ago. Basic earnings per share was USD 0.045 compared to USD 0.015 a year ago. Diluted earnings per share was USD 0.008 compared to USD 0.006 a year ago. For the nine months, total revenue was USD 10.927 million compared to USD 2.045 million a year ago. Net income was USD 5.041 million compared to USD 1.089 million a year ago. Basic earnings per share was USD 0.156 compared to USD 0.034 a year ago. Diluted earnings per share was USD 0.032 compared to USD 0.013 a year ago.

R&R REIT Announces Closing of $31.5 Million Portfolio Acquisition

R&R Real Estate Investment Trust announced that it has completed its previously announced acquisition of a portfolio of five economy extended-stay hotels comprising 656 rooms located in the United States. The company acquired the acquisition properties from entities controlled by Majid Mangalji, Executive Chairman and Trustee of the REIT and the large beneficial unitholder of the company (on a fully diluted basis), and Michael Klingher, President and Chief Executive Officer of the REIT. The total cost for the acquisition properties was approximately $32.1 million (including closing costs) and was satisfied by a combination of: the assumption of approximately $20.5 million aggregate principal amount of existing mortgage debt relating to the acquisition properties; the issuance to the Vendors of approximately $11 million (CAD 14.4 million) of Class B limited partnership units (the Class B LP Units) of newly-formed limited partnerships that hold the Acquisition Properties (economically equivalent to and exchangeable for units of the REIT), at a price of CAD 0.20 per Class B LP Unit, and special voting units in the REIT; and approximately $0.6 million in cash.

 

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Price/Cash Flow 0.5x
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