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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

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

Post by SurfacePro7on Feb 17, 2021 9:36pm
181 Views
Post# 32592418

Patience!

Patience!The real value proposition here is seeing thru a pathway to a post-covid recovery... the thesis hasn't changed here whether they cut the divy or not.  It's still trading a huge discount to it's book value... they can write down 50% of their book value and MRT will still be trading at a discount.

Stay the course.. you'll be rewarded with much higher share price down the road which is the real prize (don't fret over losing 24 cents per year) 

Mangement also can't steal this..they'll need support of the majority of the minority.   As minority shareholders, I think we would all welcome a compelling take private bid...
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