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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

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

Comment by slston Dec 23, 2021 1:28pm
184 Views
Post# 34258574

RE:seller

RE:sellerWell....hopefully sellers will dry up soon. 

Need some catalyst from the company....the Special Distribution anouncement did not stimulate any excitement.  Perhaps an increase in the monthly distribution will do it.

At least we have buyers....they are getting a sweet heart deal here.  Canadian Office and Retail properties that once traded over $20 per share now at $5 per share.

Banks renewing and up financing at 3% is enough evidence for me that their book value at nearly $18 is reasonable....so I still see Deep value lingering..... I am deep under water on this so do your own due deligence. 
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