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

Mrt.un is a Deep Value REIT investment.

[slst]

It is clear they only reduced the distribution because most of the other REITS cut.  It is possible, some lenders offerred better rates if they improved their liquidity.  Also it puts them in a very stong position re-regotiating all the renewals this year.

At current prices i believe we are paying for Land in their portfolio and getting the buildings for free.   Not counting the enhancement in Value from some of the Developement projects in the pipeline.

Results out soon and that will shed more light on the outlook.

Good Luck Longs.

[Benick]

They made 60 Million in profit in 2020, if you consider the fair value loss as a paper loss. With a 300 Million market cap I'll gladly sit back and get paid to wait for the rebound. The divvy will increase back up to .06 per share per month in my opinion by 2022.

[slst]

Am accumulating with confidence.  Expecting or "hoping" that as soon as the Vaccines take effect the retail businesses will normalize.....some say it will never be the same.... I think they will renew mortgages and secure new financing a better than historical rates to fund their development pipeline....to enhance or increase value as planned and expected. Future EPS will include

[Shirtlessnomore]

I agree with you, timeline is up in the air tho I believe. Simply as you noted, normalize is the question, I think it will take awhile and depends just on how accurate some of these "agenda" theories are, I think it will normalize but may take an uprising to get there. Cheers

[babybunny]

It is pretty obvious (at least to me) that there will be a strong rebound in retail sales once it is safe to go inside again.    Just look at New Zealand, where they had a short, sharp lockdown at the start of the pandemic and wiped out the virus.  There was a sharp drop in sales in Q2 2020, followed by three strong quarters of growth.  Retail sales in NZ are now well above the