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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

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Post by agoldbloom on Jan 17, 2023 3:19pm

8% yield, western Canada exposure...

What's not to like?  Low volume because it's a small REIT however, that works both ways.  Being a small reit, and having a controlling shareholder means that the $0.04/month distribution will be steady... I'm thinking that this one gets take out by Morguard or is used as a vehicle to grow.  Whatever does happen... 8% distribution paid monthly is great!
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