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 > Something very strange

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Comment by Capharnaumon Feb 19, 2021 12:00pm

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Post# 32610119

RE:RE:Something very strange

After listening to the CC, I think they're stuck in a liquidity squeeze, as revenues will stay limited going forward, leases not beind renewed and upcoming debt to be paid/refinanced. This raises the risk profile significantly compared to other similar REITs and will warrant a discount until there's more clarity regarding those issues (impacts and resolutions). I'm out for now but would consider a lower entry point (4ish?).

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