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Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Alternate Symbol(s):  MGRUF | T.MRT.UN

Real Estate REIT - Diversified
Morguard Real Estate Investment Trust is a Canada-based closed-end real estate investment trust. The Company provides real estate advisory services and portfolio management services, specializing in publicly traded equities and fixed-income securities, to institutional clients and private investors. The Company owns a diversified portfolio of 46 retail, office and industrial income-producing properties in Canada consisting of approximately 8.2 million square feet of leasable space. It owns and manages a diversified portfolio of office, industrial, retail, multi-suite residential and hotel properties in North America. It is a significant sponsor of two real estate investment trusts (REITs): Morguard REIT, a closed-end Trust with a diversified portfolio of Canadian commercial real estate assets; and Morguard North American Residential REIT, an open-end Trust with a diversified portfolio of multi-suite residential assets across North America.


TSX:MRT.DB.A - Post by User

Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures
Bullboard Posts
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Comment by ArbProfiton Mar 11, 2020 10:25am
162 Views
Post# 30792887

RE:Looking for REIT buying ideas!

RE:Looking for REIT buying ideas!Not a REIT, but Timbercreek Financial (TF) has come back to a good level.  It's a MIC (Mortgage Investment Corp).  Pays over 7% (taxed as income, not dividends).  You can look at their website if you want to know more about the properties they loan against (multifamily, cash-flowing), and the loan-to-value of their portfolito.  

Now trading close to book value.  Good yield, but don't expect the share price to leave the $8.50-$10 range since they don't own real estate, just loans, and the income is all distributed to shareholders.

GL
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities