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Morguard Corp MRCBF


Primary Symbol: T.MRC

Morguard Corporation is a Canada-based real estate and property management company. The Company’s principal activities include the acquisition, development and ownership of multi-suite residential, commercial and hotel properties. The Company has various retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Its owned and managed portfolio of assets is valued at over $17.6 billion. The Company owns a diversified portfolio of over 160 multi-suites residential, retail, office, industrial and hotel properties located in Canada and in the United States. The Company also provides real estate management services to institutional and other investors. The Company, through Lincluden Investment Management Limited, offers institutional clients and private investors a broad range of global investment products across equity, fixed-income and balanced portfolios.


TSX:MRC - Post by User

Morguard Corp > 2020 and Q4 results are in
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Comment by pierrelebelon Feb 27, 2021 1:05pm
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Post# 32679195

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

RE:RE:RE:RE:2020 and Q4 results are in
Hi MTLfinecity - Thank you for your reply.

"this book value overstates the value of MRC's properties by at least 20-30%."

Please take a look at the 2020 financial statement.  MRC and the trusts have already taken a huge reduction in value of their reak estate assets to reflect the current situation.  The current shareholders equity (book value) reflects the discounting.

Nobody expects the shares to trade at full book value in today's environment.  However, a discount of 25%-35% would be more appropriate - resulting in shares trading near the $180/$200 range - sometimes this year (2021) or next (2022).

Patience will be rewarded.

By the way do you own any shares in MRC or units on MRT or MRG?
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