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Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures T.MRG.DB.B

Alternate Symbol(s):  MNARF | T.MRG.UN

Morguard North American Residential Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and United States residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland. The objectives of the REIT are to generate stable and growing cash distributions to Unitholders on a tax-efficient basis; to enhance the value of its portfolio and the long-term value of its units through active asset and property management; and to expand the REIT's asset base, primarily through acquisitions and property improvements. The REIT's multi-suite residential property portfolio consists of about 16 Canadian properties and 27 United States properties, having a total of approximately 13,089 residential suites and 239,500 square feet of commercial area.


TSX:MRG.DB.B - Post by User

Comment by nini2022on Oct 27, 2021 2:22pm
120 Views
Post# 34055580

RE:RE:RE:RE:RE:Current book value as of Q3 $24.18 fully diluted

RE:RE:RE:RE:RE:Current book value as of Q3 $24.18 fully diluted I hope not! They'll underpay us. MRG is one of those odd ones that will hopefully make people like us feel pretty smart when it eventually catches up to the valuations in the space :) 

Obviously the other thing is the MRC ownership makes it very hard for larger funds to take a position in MRG.

For what its worth, anytime I mention this to people in the industry and they take the time to look at it they usually come away with the same thoughts we have. And most of them have actually purchased units.

Take care and good luck!
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