Portfolio & Performance Of The Trust

As of December 31, 2017  the Trust's portfolio consisted of 117 mortgages with a cost of $154.88 million, 96% of which were in first position.  38% 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, 2017 December 31, 2016 December 31, 2015
Category # of mortgages Original cost # of mortgages Original cost # of mortgages Original cost
Commercial / industrial / mixed use 52 $77,586,537 58 $62,545,726 62
 $62,328,128
Residential (single family or multi-unit) 52 $63,626,185 45 $44,553,985 37 $32,255,356
Construction 10 $11,487,068 12 $16,490,800 10 $18,737,130
Land 3 $2,180,000 3 $2,150,000 3 $2,150,000
Total 117 $154,879,790 118 $125,740,511 12 $115,470,614
  Year ended December 31, 2016 Year ended December 31, 2015 Year ended December 31, 2014
Net earnings per unit $0.071 $0.069 $0.081
Net asset value per unit $0.993 $1.001 $1.01