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Morguard Corp T.MRC

Alternate Symbol(s):  MRCBF

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 mariorizzion Mar 09, 2021 5:50pm
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Post# 32755842

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:2020 and Q4 results are inMost of the malls are half empty. A few in the USA are completely empty and have been closed for years. 

Redevelopment is expensive. The North Shore Square mall in Louisiana is completely vacant and has been ready for redevelopment for 5 years already. It will cost over $50 million. A mall like that is worth less than the land value at this point. It's located in Slidell... which is in the middle of nowhere.

https://www.nola.com/news/northshore/article_2b8acb74-0c20-542b-81f6-636b750d76a7.html
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