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 > Time to go shopping and back to work

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Comment by flamingogoldon May 17, 2021 3:54pm

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Post# 33215790

RE:RE:RE:RE:Time to go shopping and back to work

Just a hunch, the slow recovery could be that the smaller "fish" in all sectors have been more at risk during covid of going under and so are the last to come back. We will run once this cracks $6.50 as malls reopen and calls back to work resume later this Fall. Patience rewards here.

slst wrote:
Major Reits have already made the bulk of their recovery move. Got out too soon on those.

Not nice to say, but this one is like bottom fishing. Smaller Reit, sitting at deep value discount to NAV. They have a stong parent company and that gives us safety.

Am expecting more than a 100% upside on MRT.UN. simply because thats where it was a little over a year ago. Do your own DD.