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 > Short interest at the end of August

<< Previous

Bullboard Posts

Next >>

Comment by apollojeticon Oct 08, 2021 10:33am

177 Views

Post# 33988347

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

I will say this is probablly the worst run reit in this big reit sector. I still hold a small amount and very glad I never increased the amount owned. Management shold have been shook up a long time ago. The record for this team is dismal. How can they sit back and let this happen and blame it all on the pandemic. They should have diversified more and added more indiustrial properties. Do something to make a splash!

I have said before that you need to go on the offensive in this market like Nexus and not sit back and let other reits make aquisitions.

The divy of course at 2 cents and very low yield is not bringing the retail or institutional buyers in. Yes, there is some value here, but we have been hearing that for some time as the share price continues to go lower.

I don't expect much here in the future. The pandemic has exposed the weakest reits and Morguard is at the top of the list. Reducing the divy twice is a double shock that will stay with Morguard well into the future, unless they do something big.

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale