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LMP Real Estate Income Fund Inc. Announces Financial Position As Of March 31, 2011

Stocks in this article: RIT

LMP Real Estate Income Fund Inc. (NYSE: RIT) today announced the financial position of the Fund as of March 31, 2011.

  Current Q   Previous Q   Prior Yr Q
March 31, 2011 December 31, 2010 March 31, 2010
Total Assets (a) $ 174,396,828 $ 172,500,629 $ 147,881,631
Total Net Assets (a) $ 129,118,910 $ 126,516,301 $ 111,486,191
NAV Per Share of Common Stock (b) $ 11.30 $ 11.07 $ 9.75
Market Price Per Share $ 10.38 $ 10.10 $ 9.03
Premium / (Discount) -8.14 % -8.76 % -7.38 %
Outstanding Shares 11,431,201 11,431,201 11,431,201
 
Total Net Investment Income (c) $ 1,292,582 $ 250,003 $ 1,258,702
Total Net Realized/Unrealized Gain/(Loss) (c) $ 3,367,643   $ 7,852,369   $ 9,600,004  
Net Increase (Decrease) in Net Assets From Operations (c) $ 4,660,225   $ 8,102,372   $ 10,858,706  
 

Earnings per Common Share Outstanding

Total Net Investment Income (c) $ 0.11 $ 0.02 $ 0.11
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.29   $ 0.69   $ 0.84  
Net Increase (Decrease) in Net Assets From Operations (c) $ 0.40   $ 0.71   $ 0.95  
 
Undistributed/(Overdistributed) Net Investment Income (d) $ (132,129 ) $ 632,905 $ (280,473 )
Undistributed/(Overdistributed) Net Investment Income
Per Share (d) $ (0.01 ) $ 0.06 $ (0.02 )
 
Loan Outstanding (d) $ 45,000,000 $ 45,000,000 $ 36,000,000
Footnotes:
(a)   The difference between total assets and total net assets is due primarily to the Fund’s use of borrowings, which are included in total assets; total net assets do not include borrowings.
(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the date indicated above.

This financial data is unaudited.

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