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Bullboard - Stock Discussion Forum Melcor Real Estate Investment Trust T.MR.UN

Real Estate REIT - Diversified
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.UN)

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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  
185
Discussion
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  
150
Discussion
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.
93
Discussion
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.
103
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.
93
Discussion
Post by Possibleidiot01on Feb 26, 2024 4:06pm

CIBC

Melcor Real Estate Investment Trust (TSE:MR.UN) had its price target lowered by analysts at CIBC from C$5.25 to C$3.75. They now have a "neutral" rating on the stock. This represents a 21.0% ...more  
209
Discussion
Post by UltraTiredon Feb 26, 2024 8:39am

No dividend coming up

Can this stock stay above $3 this week? Can it even stay above $2 this week? I know I have my popcorn ready.
90
Post by Predator123on Feb 26, 2024 12:39am

Target $1

Office properties are deeply challenged. Balance sheet is stressed with big convertible loan due soin. Wont buy it until convertible loans are paid.
182
Comment by spacegimpon Feb 23, 2024 7:56pm

RE:Insiders Holdings

Glad I don't pay much attention to insider holdings . Learned my lesson on that one with lightstream oil and gas , the owner kept adding millions of shares down to penny status. That being said ...more  
182
Discussion
Comment by UltraTiredon Feb 23, 2024 6:56pm

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

There is no way this stock can stay above $1 a share at the moment.
109
Discussion
Comment by UltraTiredon Feb 23, 2024 6:54pm

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

Where did you get 29 million from? TMX on shows MR.UN as having just under 13 million shares out.
114
Discussion
Post by UltraTiredon Feb 23, 2024 6:11pm

"Unlock unit holder value"

Just like that, the board destroyed 24 months worth of dividends for unit holders today. Can't wait to see what happens next week. I got my popcorn ready.
142
Comment by canadianon Feb 23, 2024 2:52pm

RE:Is Melcor going down to zero??

I believe they might be having trouble refinancing their mortgages.  They have more than 100 million debt that they need to refinance this year (almost 25% of their debt) including 46 million ...more  
138
Discussion
Comment by WEBuffettisbeston Feb 23, 2024 11:21am

RE:Is Melcor going down to zero??

There are about 29 million shares so savings are around $1.2 million. This is quite unexpected as Affo covered the dividend. Wonder if Melcor Developements are looking to buy the remaining shares that ...more  
151
Discussion
Post by UltraTiredon Feb 23, 2024 10:18am

Is Melcor going down to zero??

What a bonehead move  by the board to suspend 100% the dividend to "unlock unit holder value" You just killed the stock, was that their intention??? Where did they get $1.2 million in ...more  
254
Discussion
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