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Bullboard - Stock Discussion Forum Melcor Real Estate Investment Trust 5 1 Convertible Unsecured Subordinated Debentures T.MR.DB.B

Alternate Symbol(s):  T.MR.UN

Melcor Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company’s principal business is to acquire, own and manage office, retail, and industrial properties in select markets across Western Canada. Its portfolio consists of interests in approximately 38 properties representing approximately 3.1 million square feet of gross leasable area located Alberta... see more

Bullboard (TSX:MR.DB.B)

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Post by UltraTiredon Mar 02, 2024 11:01am

Unit Holder Value The Moo.....Toilet?

Can you believe it. Since the announcement of suspending the distribution for this REIT, 44 months worth of distributions vaporized for unit holders. Can this REIT stay above $2 next week, with no ...more  
Post by UltraTiredon Mar 02, 2024 9:41am

Stock pumpers are out now

Lol, looks like the stock pumpers are out shilling for the board now. If you don't like that the price is going down, don't blame me. Talk to the board, they decided to destroy this REIT. Or ...more  
Comment by Thor16on Mar 02, 2024 6:58am

RE:A REIT with no distribution?

You are clearly not a unit holder or investor.  Why are you posting repeatedly about this company?
Post by UltraTiredon Mar 01, 2024 9:54pm

A REIT with no distribution?

A REIT with no distribution is like paying a company to loan them money
Comment by Thor16on Mar 01, 2024 6:28pm

RE:More Unit Holder Value Unlocked!

Are you a unitholder UltraTired?
Comment by WEBuffettisbeston Mar 01, 2024 10:40am

RE:RE:RE:RE:RE:Is Melcor going down to zero??

Melcor developements owns 16.1 Class B LP units which are economically equivalent to trust units, so approximately 29 million total units.
Comment by EstevanOutsideron Mar 01, 2024 2:14am

RE:RE:RE:RE:RE:Is Melcor going down to zero??

Melcor is an okay entry here ($144 psf) overall which is well below their 'NAV' which I think it not going to happen in this rate enviornment. A lot of their office exposure is the $100 psf ...more  
Comment by UltraTiredon Feb 29, 2024 10:41pm

RE:RE:RE:RE:Is Melcor going down to zero??

Today's Market Cap was $35.4M with a share price of $2.73. That comes to 12,967,033 shares. TmX shows Shares Outstanding as 12.963M shares. Not sure what other shares you are talking about that ...more  
Post by UltraTiredon Feb 29, 2024 10:33pm

More Unit Holder Value Unlocked!

This week more shareholder value has been "unlocked" by the board's decision to suspend 100% the dividend. That's  right, another year's worth of dividends has vanished ...more  
Comment by WEBuffettisbeston Feb 28, 2024 11:14am

RE:CIBC

Gotta love those analysts, when paying out most of their AFFO, price target of 5.25, now they are keeping all of their AFFO, including the 0.48 that was being paid as a dividend, we will drop the ...more  
Comment by WEBuffettisbeston Feb 28, 2024 11:07am

RE:RE:RE:Is Melcor going down to zero??

The  float is 13 million shares, total shares outstanding is approximately 29 million.
Post by UltraTiredon Feb 27, 2024 2:54pm

It's a sinking folks

No amount of pumping can save this from going below $3  this week.
Comment by UltraTiredon Feb 26, 2024 4:49pm

RE:CIBC

Don't see that happening with no dividend to offer. Those target prices are always higher then the market is will to pay when money gets tight.
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