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Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Alternate Symbol(s):  T.MRT.UN | MGRUF

Real Estate REIT - Diversified
Morguard Real Estate Investment Trust is a Canada-based closed-end real estate investment trust. The Company provides real estate advisory services and portfolio management services, specializing in publicly traded equities and fixed-income securities, to institutional clients and private investors. The Company owns a diversified portfolio of 46 retail, office and industrial income-producing properties in Canada consisting of approximately 8.2 million square feet of leasable space. It owns and manages a diversified portfolio of office, industrial, retail, multi-suite residential and hotel properties in North America. It is a significant sponsor of two real estate investment trusts (REITs): Morguard REIT, a closed-end Trust with a diversified portfolio of Canadian commercial real estate assets; and Morguard North American Residential REIT, an open-end Trust with a diversified portfolio of multi-suite residential assets across North America.


TSX:MRT.DB.A - Post by User

Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > another dividend cut ?
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Comment by shirtlessagainon Oct 20, 2020 12:36pm
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Post# 31748510

RE:RE:RE:RE:RE:another dividend cut ?

RE:RE:RE:RE:RE:another dividend cut ?agree, not sure why this is still sitting under 5 bucks but I've just been adding with profits from other trades so whatev I guess, things cant be that bad MR.UN has already declared monthly distributions for the rest of the YEAR! they are at 9.5% yield right now. patience gets paid while we wait and down the road. jmo. cheers
HermannHaller wrote: RBC estimates $0.24 FFO for Q3, which would mean a payout ratio of 50%. So I still think another distribution cut is not going to happen. Despite the 10% yield.

Interesting comparison with CUF.UN, which is forecast to have $0.23 FFO. So both of these REITs are currently generating about the same amount of cash flow, but MRT is trading at $4.49, and CUF is at $7.35.


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