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 > Short interest at the end of August

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Comment by HermannHalleron Sep 24, 2021 7:21pm

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Post# 33918229

RE:RE:RE:RE:Short interest at the end of August

I'm shocked it's still so high. What are they betting on, another lockdown? MRT has already slashed the distribution so low it's payout ratio is among the best in the sector (35% of AFFO in Q2).

And as we saw with TPH, sometimes MRC just gradually increases it's position until it finally makes a bid for the whole thing. Would be pretty cheap for MRC at this point. And would ease the effort of refinancing the debs coming due at year end.

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