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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

Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures > almost 247 million in fair value gain
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Comment by nini2022on Apr 26, 2022 6:13pm
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Post# 34633930

RE:almost 247 million in fair value gain

RE:almost 247 million in fair value gainVery good results. I'm not sure what its going to take to raise the distribution at this point. Sahi just doesn't seem to care much about his public unit holders unfortunately....at least not in the short term. Kind of odd considering REITs benefit from a high unit prive vs. NAV if they want to grow. MRG is worth $30+ in the private market. The properties they sold in GA/LA post-Q1 were sold at above IFRS reported valued at 12/31 as were the FL refinanced properties. NAV is well over $30 now.
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