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.

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Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > Interesting Article

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Comment by flamingogoldon Feb 25, 2021 10:49am

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Post# 32657564

RE:RE:RE:RE:RE:RE:RE:Interesting Article

I have a friend who's been a lifer at Morguard. He tells me it's been tough, we need to get out of lockdown but bottom line they have been maintaining. I have never owned this, but decided to get my feet wet with a small stake and will double down if we dip close to the all time lows.

The question we need to ask is the mall and brick and mortar dead post covid? Covid is ending... the early results out of Israel where they lead the globe in vaccinations and LTC homes right here in our own backyard are extremely hopeful.

So next question... post covid is the consumer going to continue to shop online and hibernate in their caves forever more? I believe there will be major sentiment change... I have kids early 20's and they are buying things online that I just could not do... shoes, skates, jeans. It's convenient for them and buy and click is just what they like to do. So, long term the mall will need to re-invent itself to survive.

However, having said all that... brick and mortar has a place that some have advocated here already. Plus, I'm not a GME, AMC fast money trader. I can wait for a recovery... and I believe MRT presents some share price value here in the next 24 months.

HermannHaller wrote: I agree, I've got two teenage girls, and the mall is a social event + shopping, which they miss during this lockdown. They would far rather shop the mall with their friends then sit at home alone scrolling through amazon.

Mgmt needs to articulate the story much better. The malls they have are key locations in their communities, they have value. The one mall in Prince George which never closed is doing fine. Mgmt needs to come out and pitch the recovery story, not this sad sack garbage about 12-18 months recovery. If they talked about how cheap the stock was, and how the office and plazas are doing fine, then maybe they could get the price up a bit, get some enthusiasm. Then they could issue some new debs to repay the old, and the stock would be off to the races. Listen to a SRU conference call vs MRT, its like night and day. Sahi sounds like he hardly cares.

PS - small insider buying today from a director. They probably don'ty mind the low price as they can buy it for themselves cheap.