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


Primary Symbol: T.MRG.DB.B Alternate Symbol(s):  MNARF

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 SargeXon Jan 27, 2022 5:21pm

RE:RE:Rentals looking good

I can't really put my finger on it but something really seems wrong with MRG. We held a minor position in it from Oct, 2019 to July, 2021 and made a couple bucks. I had initially bought it as a ...more  
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Discussion
Comment by nini2022on Jan 27, 2022 9:14am

RE:RE:Rentals looking good

I agree. The way I like to think of these long term mis-priced stocks (that at least pay out a respectable yield) is that we only need them to get to their real value once or twice every 5 years or so ...more  
217
Discussion
Comment by JCashjr67on Jan 25, 2022 2:38pm

RE:Rentals looking good

And yet... we're getting crushed! General market sentiment but you'd think investors would pick up a few of these type stocks as security. Interest rates will not be skyrocketing. Everyone ...more  
193
Discussion
Post by HermannHalleron Jan 19, 2022 6:40pm

Rentals looking good

Vacancies back down: https://www.theglobeandmail.com/business/article-rental-vacancies-nearing-prepandemic-lows-in-toronto-region/
269
Discussion
Post by JCashjr67on Nov 09, 2021 2:50pm

Volume and stock price! Up we go!

Word is out ! Value is here  hold with nice secure div. Great to see!!!  glta
184
Post by JCashjr67on Nov 03, 2021 12:42pm

New 52 week high!!

Warming up. Nice to see! Finally!!!  Glta 
166
Comment by nini2022on Oct 29, 2021 10:04am

RE:TD increased their Target price to $22.00

RBC also increased to $22! TD NAV/unit is $26.5 RBC NAV/Unit is $30.5 Both mentioned the usual issue with Catalysts but both also reinforced the compeling valuation.
212
Discussion
Post by nini2022on Oct 28, 2021 3:32pm

NAV @ $29.80 per CFO

Confirmed on the Q3 call. Thanks to the caller for also recommending they start publishing this. Good managers who don't seem to give a hoot about moving the price up.
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Comment by nini2022on Oct 27, 2021 2:22pm

RE:RE:RE:RE:RE:Current book value as of Q3 $24.18 fully diluted

I hope not! They'll underpay us. MRG is one of those odd ones that will hopefully make people like us feel pretty smart when it eventually catches up to the valuations in the space :)  ...more  
163
Discussion
Comment by nini2022on Oct 27, 2021 1:58pm

RE:RE:RE:Current book value as of Q3 $24.18 fully diluted

I work in the RE investment space and if your book value definition were to be used it would be a much higher than IFRS NAV for MRG. I agree that its very cheap and I own alot of this. THe one thing ...more  
202
Discussion
Comment by nini2022on Oct 27, 2021 12:27pm

RE:Current book value as of Q3 $24.18 fully diluted

Seems too low, you may not have adjusted ou the Class B debt as those are convertible into units in your diluted share count. IFRS NAV is over $28 Industrial Alliance commented on the resilts as ...more  
173
Discussion
Comment by SusanBollandon Oct 27, 2021 9:40am

RE:RE:Q3 results

some of the lower occupancy in Canada is due to universities, which should come back this coming year.
150
Discussion
Comment by FirstOneon Oct 27, 2021 9:07am

RE:Q3 results

....''With so much cash and low debt they should be out buying to increase FFO and dividend increases !!!!".. Just an observation; You can't count the cash from the future mortgages ...more  
168
Discussion
Comment by nini2022on Oct 26, 2021 6:22pm

RE:Q3 results

Agreed its about in line with RBC/TD expectations in terms of FFO/unit. The units are very cheap and trading at an implied cap. rate of 6% and thats before accounting for post-COVID upside. The real ...more  
165
Discussion
Post by Betteryear2on Oct 26, 2021 4:40pm

2021 Third Quarter Results

MISSISSAUGA, ON, Oct. 26, 2021 /CNW/ - Morguard North American Residential REIT (the "REIT") (TSX: MRG.UN) today announced its financial results for the three and nine months ...more  
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