Portfolio & Performance Of The Trust

As of December 31, 2016  the Trust's portfolio consisted of 118 mortgages with a cost of $125.74 million, 97% of which were in first position.  49.3% of the portfolio was secured by real estate in the USA.  The loans in the Trust have terms of one or two years and are typically subject to a prepayment bonus in favour of the Trust.

  December 31, 2016 December 31, 2015 December 31, 2014
Category # of mortgages Original cost # of mortgages Original cost # of mortgages Original cost
Commercial / industrial / mixed use 58 $62,545,726 62 $62,328,128 58
$66,609,953
Residential (single family or multi-unit) 45 $44,553,985 37 $32,255,356 31 $21,032,767
Construction 12 $16,490,800 10 $18,737,130 8 $16,991,942
Land 3 $2,150,000 3 $2,150,000 3 $2,020,000
Total 118 $125,740,511 112 $115,470,614 100 $106,654,662
  Year ended December 31, 2016 Year ended December 31, 2015 Year ended December 31, 2014
Net earnings per unit $0.073 $0.081 $0.082
Net asset value per unit $1.00 $1.01 $1.01