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.

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Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > Debt levels

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Comment by flamingogoldon Apr 22, 2021 9:40am

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Post# 33043789

RE:RE:RE:Debt levels

This one's a hold and we even get a small payout to wait. This stock will move once corporations start to taper on work from home, likely later this Fall.

slst wrote:
Right you are. Added some more today. MRT.un successfully renewed and refinanced at a significant discount and are cashed up so NONE of the Lenders can squeeze them.

Number of assets are UNencumbered.....I suspect to give comfort to the convertable debenture. Their recent mortages have been at a much lower rate, so they will likely finance at the lower rates.

Goverment tenants are not going anywhere and a number of renos are getting completed. All good stuff. And yet the share price lags....Not sure what I am missing.

Will keep adding as it firms up in price. Good Luck Longs. Parent might just buy it out.