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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, 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 SargeXon Jan 27, 2022 5:21pm
230 Views
Post# 34368798

RE:RE:Rentals looking good

RE:RE:Rentals looking goodI can't really put my finger on it but something really seems wrong with MRG. We held a minor position in it from Oct, 2019 to July, 2021 and made a couple bucks. I had initially bought it as a partial replacement for the full position we held in NVU (Northview). It seemed like a logical choice but I finally lost patience and bailed at $17.51 and put the money into banks. I sure am pleased with the move.

Ciao
  Sarge

JCashjr67 wrote: And yet... we're getting crushed! General market sentiment but you'd think investors would pick up a few of these type stocks as security. Interest rates will not be skyrocketing. Everyone needs a roof over their heads still right?? I'll be buying more here shortly at this level. Silver lining. Glta


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