Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Alternate Symbol(s): T.MRT.UN | MGRUF

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 > another dividend cut ?

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Comment by WEBuffettisbeston Mar 11, 2021 12:51pm

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Post# 32773621

RE:another dividend cut ?

The 877.5 mln mortgage payable is for 2021 and 2022.

In 2020, new and refinancing mortgages totalled 443,687,000
with the maturing interest rate averaging 4.71%, and new interest rate averaging 2.98% and term averaging 7.3 years.

Given all the problems in 2020, it doesn't appear that refinancing exinsting mortgages have been a real problem.

As you noted, MRC had 564 mln of liquidity as of Dec 31,2020.
Also has over 1 bln of unencumbered assets.

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