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Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures T.MRG.DB.B

Alternate Symbol(s):  MNARF | T.MRG.UN

Morguard North American Residential Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland. The objectives of the REIT are to generate stable and growing cash distributions to Unitholders on a tax-efficient basis; to enhance the value of its portfolio and the long-term value of its units through active asset and property management; and to expand the REIT's asset base, primarily through acquisitions and property improvements. The REIT's multi-suite residential property portfolio consists of about 16 Canadian properties and 27 United States properties, having a total of approximately 13,089 residential suites and 239,500 square feet of commercial area.


TSX:MRG.DB.B - Post by User

Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures > Q3 results
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Comment by FirstOneon Oct 27, 2021 9:07am
166 Views
Post# 34053721

RE:Q3 results

RE:Q3 results ....''With so much cash and low debt they should be out buying to increase FFO and dividend increases !!!!"..

Just an observation;

You can't count the cash from the future mortgages and didn't count the new debt in your debt ratio. 

I'm not sure that these results are so positives. Revenues are stalling. They have to fix the low occupancy rate in Canada.

The only positive thing is the average rent up by 2,3 %(US) and 3% (Can).

Maybe the back to normal is for the next quarter. 

Stay tuned.

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