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Bullboard - Stock Discussion Forum Madison Pacific Properties Inc MDPCF


Primary Symbol: T.MPC Alternate Symbol(s):  T.MPC.C

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately... see more

Bullboard (TSX:MPC)

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Post by undervalueon Mar 04, 2022 12:58pm

More Vancouver industrial comments

A close observer estimates that the portfolio marks are at least 20% under current market. The accounting is very conservative compared to current market conditions. Vancouver industrial land will ...more  
Post by undervalueon Feb 28, 2022 5:48pm

More from Mission

Kooky Mission rancher sells for $1.3M, 78% over assessed value (PHOTOS) Amir Ali | Feb 28 2022 ...more  
Post by undervalueon Feb 23, 2022 11:37am

Vancouver Industrial from the Globe yesterday.

Vancouver’s shortage of industrial land went from bad to worse during the pandemic, as a sudden increase in the popularity of online shopping sent companies scrambling for distribution space. Now ...more  
Post by undervalueon Feb 17, 2022 4:48pm

From Western Investor today.

This property is at the south end of Surrey. The trade that caused all the stink last August was the buy of half of a Burnaby building of 44,000 ft.. MPC held the other half  (has to be a ...more  
Post by undervalueon Feb 10, 2022 11:01am

Director buy at new high for the "c". Got to be positive.

der name: DeLucchi, Graziano   Insider's Relationship to Issuer: 4 - Director of Issuer   Ceased to be Insider:  ...more  
Post by undervalueon Feb 08, 2022 11:55am

The beat goes on.

BC typically attracts 17% of Canada’s new immigrants and of this provincial figure, 78% go to Metro Vancouver. Rennie anticipates a new record of over 70,000 permanent residents will go to BC in ...more  
Post by undervalueon Feb 01, 2022 12:10pm

Rising rates or land shortage.

The risk of rising rates knocking back values in industrial and other asset classes exists. We would argue that Silverdale long term is worth as much as the share price easily. I think land shortage ...more  
Post by undervalueon Jan 27, 2022 3:49pm

Margins

The 2022 Altus cost guide is out today. Construction costs for wood frame row townhouses in Vancouver are $135 to 210 a foot. Single detached, 150 to 275. Archer Green prices for the larger 1500 sp ...more  
Post by undervalueon Jan 19, 2022 5:16pm

East Van comparable.

MPC has 50% of of 33,000 sq feet on Adanac a couple blocks south. Paid $7 million in 2020. MPC building is 100% leased . East Vancouver 0.4-acre industrial site trades for $10.6 million The East ...more  
Post by undervalueon Jan 19, 2022 5:02pm

Yaletown Comparable $1205, MPC has 116k ft nearby.

Yaletown office strata of 3,534 square feet trades at $4.26 million Full floor in the trendy Brickworks building on Hamilton Street is close to Yaletown Roundhouse SkyTrain station in Vancouver.  ...more  
Comment by undervalueon Jan 18, 2022 12:01pm

RE:Book

Silverdale JV lands increased last year. Plus 22 acres.  On the mls, a few trades have taken place. The asks were around 700k an acre. At that comparable, MPC has over $8 pre tax per share, just ...more  
Post by undervalueon Jan 17, 2022 6:26pm

Book

Book at q end is a very conservative $6.99. In addition, the jv line had income of 2.7 million. The jv accounts are difficult to pull apart. But, reporting income when there are such large front end ...more  
Comment by undervalueon Jan 13, 2022 9:56am

RE:Silverdale continued

Need to correct one sloppy detail.  The jv does not control all the units. About 70 to 75 %. Other land holders are in the mix. If you want to spec  there are small parcels for sale on the ...more  
Post by undervalueon Jan 12, 2022 3:43pm

Silverdale continued

Archer Green will be launching due to demand another phase in the upcoming weeks. The detached home sites upslope should be coming on as well. (65 lots) From the Dec. 22 council meeting, the Central ...more