LMP Real Estate Income Fund Inc. Announces Financial Position As Of March 31, 2012

LMP Real Estate Income Fund Inc. (NYSE:RIT) announced today the financial position of the Fund as of March 31, 2012.
             
Current Q Previous Q Prior Yr Q
March 31, 2012 December 31, 2011 March 31, 2011
Total Assets (a) $ 173,200,156 $ 159,654,488 $ 174,396,828
Total Net Assets (a) $ 132,075,869 $ 122,340,559 $ 129,118,910
NAV Per Share of Common Stock (b) $ 11.55 $ 10.70 $ 11.30
Market Price Per Share $ 10.26 $ 9.25 $ 10.38
Premium / (Discount) (11.17)% (13.55)% (8.14)%
Outstanding Shares 11,431,201 11,431,201 11,431,201
 
Total Net Investment Income (c) $ 1,334,197 $ 1,490,319 $ 1,292,582
Total Net Realized/Unrealized Gain/(Loss) (c) $ 10,458,729 $ 9,731,804 $ 3,367,643
Net Increase (Decrease) in Net Assets From Operations (c) $ 11,792,926 $ 11,222,123 $ 4,660,225
 

Earnings per Common Share Outstanding
Total Net Investment Income (c) $ 0.12 $ 0.13 $ 0.11
Total Net Realized/Unrealized Gain/(Loss) (c) $ 0.91 $ 0.85 $ 0.29
Net Increase (Decrease) in Net Assets From Operations (c) $ 1.03 $ 0.98 $ 0.40
 
Undistributed/(Overdistributed) Net Investment Income (d) $ (307,427) $ 415,992 $ (132,129)
Undistributed/(Overdistributed) Net Investment Income
Per Share (d) $ (0.03) $ 0.04 $ (0.01)
 
Loan Outstanding (d) $ 37,000,000 $ 37,000,000 $ 45,000,000
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.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov . To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

LMP Real Estate Income Fund Inc. is a non-diversified, closed-end management investment company. Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., serves as the Fund's investment manager.

For more information, please call 1-888-777-0102 or consult the Fund’s web site at www.leggmason.com/cef.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

Copyright Business Wire 2010

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