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 |
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| 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, 2017 | Year ended December 31, 2016 | Year ended December 31, 2015 | |
|---|---|---|---|
| Net earnings per unit | $0.071 | $0.069 | $0.081 |
| Net asset value per unit | $0.993 | $1.001 | $1.01 |