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 > FMV of MRT.UN properties

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Comment by Malpeque2on Mar 09, 2021 11:54am

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Post# 32752883

RE:FMV of MRT.UN properties

I think MRT has taken the largest hits to FMV "BY FAR" in 2020 of any REIT in Canada I have looked at.

It is required by IFRS, BUT the NOI and cap rate assumptions by these different REIT's in Canada are varyied. CAp rates are the highest for mall retail. Grocery/Strip retail appears to be doing fine like industrial and residential. Hotels are of course, weak. That is MRC at the parent level with the Hotel assets.

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