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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

Post by mariorizzion Jun 17, 2021 5:27pm
242 Views
Post# 33408615

Risky as rates rise. Strong volume signals future panic

Risky as rates rise. Strong volume signals future panicStock 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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