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 > Took a new position here

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Comment by wheeloffortuneon Feb 18, 2021 11:11am

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Post# 32595626

RE:Took a new position here

Really?! At a 4.6% divy, I think it's worth around $3. Too many other REITs with better divys. Take for instance PLZ.Un. 7.5% divy and SP fairly stable. Today, it's $3.72. Feb 15, 2019 = $4.20. MRT Feb 15, 2019 = $12.36. Feb 14, 2020 = $12.14. Today, MRT's at $5.25.

nbastar1986 wrote: Starter position 2k shares.
good earnings report + dividend cut = buying opportunity in my books.
This is way undervalued and probably worth $7 easily on a buyout from MRC.

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