Morguard Corp T.MRC

Alternate Symbol(s): MRCBF

Morguard Corporation is a Canada-based real estate company. The Company’s principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust.

TSX:MRC - Post by User

Morguard Corp > Risky as rates rise. Strong volume signals future panic

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Post by mariorizzion Jun 17, 2021 5:27pm

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Post# 33408615

Risky as rates rise. Strong volume signals future panic

Stock falling hard these last days on high volume. Somebody is liquidating. I can easily see this down below $100 as people start to panic about rising rates, and a slow recovery in office and retail.

It will be hard to refinance some of their underwater and empty malls. Right now this company is basically a zombie, and barely pays a dividend (which they might have to cut completely).

I had expected more from this company... I was wrong about its prospects.

Good luck

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