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Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Alternate Symbol(s):  MGRUF | T.MRT.UN

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

Post by slston Oct 02, 2021 2:09pm
242 Views
Post# 33957678

Oct 1st. Morning Star shows Fair Value at $8

Oct 1st. Morning Star shows Fair Value at $8
Not sure why TD looks at this ignoring the Parent Co. and suggesting it should be discounted.

They just refinanced Mortages at 3% that were previously 4%.  They had over $100million in Cash.  A bunch of assets with no mortages.  Debenture due in Dec is partially held by parent.
Delta Variant just slowed things down. Hopefully things get better soon.

Annual Cash flow is approx $1 per share.  Bought a little more on Thursday.

With a little luck, this turbulence will end soon and the downward trend will turn back up.  Likely very fast if the Short sellers star closing their positions.
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