RE:RE:RE:superficial analysisYes, the reasons you mention re: MRG.UN are my thoughts as well.
Their management agreement contains a clause of (amongst other things) something like (going off of memory) x% (20?) of FFO above 65c (don't recall) goes to the management company. At the time of inception of the REIT that was likely not a big factor. But with many years passage and inflation doing what it does, that clause alone can be read as management sucking 20% of the REITs profitability growth... thereby automatically making the REIT worth that much less.
Just musing on the above. The place to be RE MRG, is in MRC, its parent/manager. Better to own the vampire than the victim ;-)
I own a lot of MRC, same size +/- as HR.UN, they represent my #2,#3 portfolio positions.
Nice to chat and trade ideas on this board.
GLTA