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Bullboard - Stock Discussion Forum Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures T.MRG.UN


Primary Symbol: T.MRG.DB.B Alternate Symbol(s):  MNARF

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... see more

Bullboard (TSX:MRG.DB.B)

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Post by nini222on Feb 16, 2023 7:26am

TD/RY Upgrades

* RBC’s Jimmy Shan bumped his Morguard North American REIT (MRG.UN-T) target by $1 to $24 with an “outperform” rating, while TD Securities’ Jonathan Kelcher raised his target to $23 from $22 ...more  
Comment by HermannHalleron Feb 14, 2023 5:43pm

RE:RE:Q4 results - huge beat!

Yes, RBC has 33c in their last company note and in the sector preview for Q4. It does seem odd, they are probably the low estimate on the street. TD had an estimate of 35c. 
Comment by nini222on Feb 14, 2023 5:28pm

RE:Q4 results - huge beat!

excellent Q indeed. Units have rallied a good bit in 2023 but they are still dramatically lower than even the lowest of NAV estimates. Are you sure RBC's estimate was 33c? Seems odd considering ...more  
Post by HermannHalleron Feb 14, 2023 4:33pm

Q4 results - huge beat!

FFO of 40c, analysts at RBC were estimating 33c. Unless there are some one-time items here, these results look very good. Payout ratio for year only 47.8%, and debt at year end down to 38% of GBV ...more  
Comment by NotDrakeon Jan 21, 2023 4:06pm

RE:RE:RE:NCIB - finally active

You can also use https://ceo.ca/mrg-un Click on SEDI Insider filings, change MRG-UN to MRG and click Enter
Comment by nini222on Jan 12, 2023 2:52pm

RE:NCIB - finally active

finally! what source do you use to track the buy back activity?
Post by HermannHalleron Jan 12, 2023 12:52pm

NCIB - finally active

Buying now over $17, didn't buy a share back in October when under $15. I guess better late than never.
Post by nini222on Jan 09, 2023 6:19pm

Insider Buying

Morguard North American Residential REIT (MRG-UN-T) On Dec. 22, Bruce Robertson, who sits on the board of trustees, invested over $361,000 in units of the REIT. He bought 22,900 units at a cost ...more  
Comment by sweetMolly1on Oct 26, 2022 5:14am

RE:Wow Record results and distribution increase

  Insane that this REIT is trading at about 50% of its NAV.  Morguard corp should just buy the forty-five percent it does not own back
Comment by HermannHalleron Oct 25, 2022 9:30pm

RE:RE:Q3 results

RBC forecast was 31c, TD forecast was 32c. The company did 38c FFO.
Comment by nini2022on Oct 25, 2022 5:07pm

RE:Q3 results

Quarter looks great on many levels. Do you know what was expected in terms of FFO/unit?
Post by Jtpatrol1on Oct 25, 2022 4:58pm

Wow Record results and distribution increase

Highest FFO since going public of .38 cents ..... Low payout ratio of 46.6%  ...  Very low debt of 36.7 %   .....   Distribution increase .... Increased the value of ...more  
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