Morguard Corp T.MRC

Alternate Symbol(s): MRCBF

Morguard Corporation is a Canada-based real estate company. The Company’s principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust.

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Post by Northforce13on Feb 09, 2022 3:54pm

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Post# 34414035

adding

Keep adding around 132 here

I sold out of BEI.UN 3 weeks ago +/-, have been ramping up MRC, MRC is now my largest position /top pick at about 30-35% of total portfolio.

It appears undervalued across the board on all metrics, including peer comparisons. In addition, nearly half their net porfolio value is in apartment buildings, which I like.

My third largest portfolio position is MRG.UN, MRC's sister, pure apartment play, which has run up a bit of late.

GLTA

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