Morguard Corp T.MRC

Alternate Symbol(s): MRCBF

Morguard Corporation is a Canada-based real estate company. The Company’s principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust.

TSX:MRC - Post by User

Morguard Corp > 2020 and Q4 results are in

<< Previous

Bullboard Posts

Next >>

Comment by MTLfinecityon Feb 27, 2021 11:41am

151 Views

Post# 32678885

RE:RE:RE:2020 and Q4 results are in

of course, I'm more than happy to explain this:

-MRC has large ownership in MRT.UN and owns malls itself. MRT.UN has a large ownership in regional malls as well..Obviously, these assets can only be liquidated for less than book value because of future declining earnings

-MRC has a small stake in hotels, these assets deserve to trade at a discount

-Needless to say, office properties deserve a discount as well.

Overall, when you look at this whole mess, this book value overstates the value of MRC's properties by at least 20-30%. Do not ever expect morguard to trade at book value, a permenant 20-30% discount would be my guess.

pierrelebel wrote: MTLfinecity wrote "you know the book value is fake..."

Actually, I do not "know" that!

Could you please provide details how you reach that conclusion - specifically.

My wife and I are shareholders of MRC and unitholders of both MRT.UN and MRG.UN

Disclosure - yes I think Montreal is a fine city as I was born there in 1945.