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Bullboard - Stock Discussion Forum Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures T.MRG.DB.B

Alternate Symbol(s):  MNARF | T.MRG.UN

Morguard North American Residential Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and... see more

Bullboard (TSX:MRG.DB.B)

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Comment by nini2022on Oct 25, 2022 5:07pm

RE:Q3 results

Quarter looks great on many levels. Do you know what was expected in terms of FFO/unit?
Post by Jtpatrol1on Oct 25, 2022 4:58pm

Wow Record results and distribution increase

Highest FFO since going public of .38 cents ..... Low payout ratio of 46.6%  ...  Very low debt of 36.7 %   .....   Distribution increase .... Increased the value of ...more  
Post by HermannHalleron Oct 25, 2022 4:54pm

Q3 results

Huge beat and increase in distribution! https://www.newswire.ca/news-releases/morguard-north-american-residential-reit-announces-2022-third-quarter-results-and-an-increase-to-monthly-cash ...more  
Post by HermannHalleron Sep 20, 2022 3:27pm

52 week low

Ugh! Can't believe it, after such a strong Q2 and outlook. Plus the weak C$ is helping them.  Bought more today at $15.96, but this is very frustrating.
Comment by nini2022on Jul 29, 2022 9:47am

RE:RBC raises target to $25

Thanks for sharing! I think the only way for the units to get even close to NAV with the current structure is to: 1) raise the distribution signigicantly over the next 1-3 years so investors take ...more  
Post by HermannHalleron Jul 29, 2022 9:05am

RBC raises target to $25

Morguard North American Residential REIT Strong Q2; CDN segment rebounding convincingly Our view: Morguard North American Residential REIT (“MRG”) reported a strong quarter with FFO/unit of $0.34 ...more  
Post by HermannHalleron Jul 28, 2022 4:10pm

Conference call

Some points: looking to buy properties in US, no rush, market a bit quiet. Chicago property bought at 4.5% cap, much higher than properties sold in southern states. Plus newer bldg. Occupancy ...more  
Post by SusanBollandon Jul 28, 2022 9:40am

cost of money

All this talk about a "Rising interest rate enviroment"   and the Canadian 10 year bond has fallen from 3.6% to 2.65% just since June ...  and the U.S 10 year has fallen from ...more  
Post by SusanBollandon Jul 28, 2022 9:22am

RBC raises target to $22.00

Lots of value, thats for sure
Comment by HermannHalleron Jul 27, 2022 5:17pm

RE:N.A.V.

BV is over $40, so their NAV was already at a discount to appraised value. Haha.
Post by GassXXon Jul 27, 2022 3:20pm

N.A.V.

Td also raised their NAV on MRG.UN to $29.40..   Their new target price of $22.00 is still a 25% discount to what the portfolio is worth.
Post by SusanBollandon Jul 27, 2022 3:07pm

TD just raised their target to $22.00

Implies a one year total return of  38.4 %    
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