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Bullboard - Stock Discussion Forum Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures T.MR.DB.B

Alternate Symbol(s):  T.MR.UN

Melcor Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company’s principal business is to acquire, own and manage office, retail, and industrial properties in select markets across Western Canada. Its portfolio consists of interests in approximately 38 properties representing approximately 3.1 million square feet of gross leasable area located Alberta... see more

TSX:MR.DB.B - Post Discussion

Post by Hull534 on Dec 08, 2022 1:15pm

So many tailwinds in the west

Alberta and Saskatchewan are ringing up some great numbers in exports in energy and agriculture , GDP growth and population growth and direct immigration . Calgary and Edmonton are growing and diversifying .  Lots of jobs where workers can afford to buy a home . This will have some strong ancilliary spending too.  The Melcor reit is small and way undervalued as a whole compared to individual building purchases . The whole portfolio would make a great purchase by a mid tier pensionfund looking to secure cashflow for thier liabilities.

It is easy to watch the news and not look at the the local region and just assume status  status quo.Times change.
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