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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 Northforce13on Apr 27, 2021 8:02pm

RE:Look out below!!

Yeah... and how does the value of their properties rise when the cap rate is the same and FFO declined.
Post by SargeXon Apr 27, 2021 6:42pm

Look out below!!

Earnings just out and quite a mess. I'm starting to get a tad tired of MRG. We only have a minor position and only bought it to replace some of the cash from the NVU sale. Unfortunately, it was ...more  
Comment by Johnnycashjr67on Apr 01, 2021 10:38pm

RE:RE:RE:RE:RE:RE:RE:Undervalued?

I think you are on track with that logic. Sahi operates quite differently than others in that he creates share value slow and steady. I think their div is 39% in comparison to many others in this ...more  
Comment by oldinvestor64on Mar 19, 2021 10:37am

RE:RE:RE:RE:RE:RE:Undervalued?

Being in this stock for more than 5 years , I could never understand why it trades at such a huge discount to its BV. Maybe the fact that the controlling company, Morguard Inc is restricting it's ...more  
Comment by Johnnycashjr67on Mar 15, 2021 11:54am

RE:RE:RE:RE:Undervalued?

As well took a position here. I see a lot of upside here albeit slow. Feel it hasnt garnered the attention it deserves but market will catch up in time. Good to be here... cheers  JJ 
Comment by ntcse123on Mar 06, 2021 10:24pm

RE:RE:Undervalued?

I took a position, nice residential REIT, will do well going further in 2021 as its single propery in Alberta and its properties in Ottawa were affected by student living decreases.  Also its ...more  
Comment by HermannHalleron Feb 19, 2021 7:23am

RE:Any new Reports out ?

From CIBC: February 18, 2021 Earnings Update MORGUARD NORTH AMERICAN RESIDENTIAL REIT Operating Results Converging With Peers, Yet Valuation Gap PersistsOur ConclusionMRG reported an in-line Q4/20 ...more  
Comment by HermannHalleron Feb 18, 2021 12:51pm

RE:RE:RE:Undervalued?

Unfortunately MRT.UN just cut its distribution in half, the second time in 12 months. That REIT is down 13% today. And while MRG.UN is a different business, in different geographies, I can't help ...more  
Comment by HermannHalleron Feb 17, 2021 1:27pm

RE:Undervalued?

Still waiting for an answer from May of 2020? Haha. I guess lack of attention to this stock is one of the reasons it is undervalued. MRC, the parent, and its two REIT subs: MRT.UN and MRG.UN, are all ...more  
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