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 > Enclosed malls

<< Previous

Bullboard Posts

Next >>

Comment by wheeloffortuneon Feb 22, 2021 1:34pm

94 Views

Post# 32627592

RE:RE:RE:Enclosed malls

Not just yield, but principal stability. The difference is that most of PLZ's plazas have Walmart as an achor and Walmart is a leader in retail. What anchors does MRT have? Boarded up Sears stores and HBC?

Shirtlessnomore wrote: Also PLZ.UN is about 75 cents from its 52 week high, if your chasing yeild great but there is a nice big runway here.

wheeloffortune wrote: The market disagees with your analysis and why it went down another nickel, while other reits like PLZ went up a nickel. MR's badly run. Pain and simple.

Shirtlessnomore wrote: All you have to do is simply step back and evaluate enclosed malls and the benefits. 1. High exposure without much advertising 2. One stop shopping 3. they are always FULL of young people 4. Rent is being paid for these store owners. Our Young generation has money to burn these days and a high level of fashion, Malls are going nowhere, probably the #1 choice of where to shop, weather in canada sucks a$$ for over half the year, there is no wind, rain, cold or snow in a mall with one stop access to many stores and lunch or dinner. Park once and lots of options. I have a 16 year old daughter and when she asks if I will take her and her friend(s) shopping, the question is always phrased like this "can you drive us to the MALL" covid will go away and malls will return to normal and the stores that close will be replaced with money and brand new opportunity for another entrepreneur. That's just a fact. Their other retail real estate is doing just fine under the circumstances of maneuvering thru this fiasco. Their industrial real estate is 100% located in toronto and a non issue Their office real estate is spread across the largest cities in canada, if office space demand shrinks (which I doubt it will, simply because computers and people do more than ever before AND employers want these employees back at their desks as many employees require a babysitter, if they didnt they wouldnt be working for someone else) at any rate these office spaces can easily be turned into fantastic condos which are increasingly sought after in conversion buildings Just my opinion but this company will be just fine and at this price is literally a no brainer. Reward is far greater then risk here, especially because it's real estate. Gl cheers!