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Bullboard - Stock Discussion Forum Madison Pacific Properties Inc T.MPC.C


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

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 Apr 14, 2023 10:12am

Q2

I will wait for the statement on Sedar. But, quick initial look. The q2 increase in ascribed portfolio value is a change from q1, where the adjustment was 300k. One thing that I should mention is a ...more  
Post by undervalueon Apr 13, 2023 1:57pm

Loftus Village

I was looking at the Mission BC planning department. In Oct last year, Polygon filed plans for Loftus Villate Stage 1a. This is across the Creek from Nelson and Grove. With the initial developments ...more  
Post by undervalueon Mar 30, 2023 4:57pm

Sold out.

Nelson and Grove sold out. 4 show homes on the map remain.
Post by VALUEFANon Mar 28, 2023 1:28pm

Nelson Grove updates

On the development map, 1 lot unsold. 4 show homes left. 60 lots sold for the jv. 
Post by undervalueon Mar 25, 2023 10:25am

3 left

Nelson and Grove is effectively sold out. 3 left of the 65 ex the show homes. The show homes will sell quickly given they have the best lots. The jv should be making very good money.  Next step ...more  
Comment by LTIH1324on Mar 21, 2023 12:19pm

RE:RE:RE:RE:RE:Land trade

Ugh. I keep messsing up... thats with a land lift to a conservative market value on the land.... so based on MPC cost base $450k a door cash out wouldnt surpirse me. 
Comment by LTIH1324on Mar 21, 2023 12:13pm

RE:RE:RE:RE:Land trade

True. My mistake. Forsure they will earn margin. The total cash out to the JV partners on a per door basis should be north of $350k in my opinion in todays dollars (to go up over the course of the ...more  
Comment by undervalueon Mar 20, 2023 3:22pm

RE:Nelson Grove update

8 left, ex the show homes.
Comment by undervalueon Mar 20, 2023 9:46am

RE:RE:RE:Land trade

The jv owns over 7000 doors in central. Mpc owns 50 percent.   I think they will earn margin on construction as well.
Comment by LTIH1324on Mar 17, 2023 3:09pm

RE:RE:Land trade

*7000+ doors. 
Comment by LTIH1324on Mar 17, 2023 3:07pm

RE:Land trade

MPC has way more than 3700 doors in Central ---> 7000k plus doors in Silverdale. Now I dont think 430k raw land value per door is close to market, but it doesnt matter..... The land is worth a ton ...more  
Post by undervalueon Mar 14, 2023 12:57am

Land trade

Western investor reports a recent land trade in Mission.  3.5 million for .8 of an acre.  Development potential 4 duplex lots. Price per door 430k. Mpc has 3700 doors in Silverdale central ...more  
Post by undervalueon Mar 10, 2023 11:22am

Nelson Grove update

According to site map, 11 left ex the show homes. One month of inventory.
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