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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 U.S. 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 Johnnycashjr67on Apr 01, 2021 10:38pm
240 Views
Post# 32926035

RE:RE:RE:RE:RE:RE:RE:Undervalued?

RE:RE:RE:RE:RE:RE:RE:Undervalued?I think you are on track with that logic. Sahi operates quite differently than others in that he creates share value slow and steady. I think their div is 39% in comparison to many others in this industry closer to 85% payout ratio. And yet debt to equity still high end. I think once this is corrected this guys gonna increase the div and I imagine the stock price will react accordingly. Forecast to increase by 40% in three years from today's current 38.7%. That will be welll received and looking forward to it. Hang in there. We'll see a bump sooner than later old64. Cheers. Ps if you're born in '64 that wouldn't make you old partner ;). 
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