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

Primary Symbol: T.MRG.DB.B Alternate Symbol(s): MNARF

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 > Current book value as of Q3 $24.18 fully diluted

<< Previous

Bullboard Posts

Next >>

Comment by nini2022on Oct 27, 2021 12:27pm

173 Views

Post# 34054961

RE:Current book value as of Q3 $24.18 fully diluted

Seems too low, you may not have adjusted ou the Class B debt as those are convertible into units in your diluted share count.

IFRS NAV is over $28

Industrial Alliance commented on the resilts as "in line, cheap, but no catalysts" - their NAV is $25.

<< Previous

Bullboard Posts

Next >>

From now on, dynaCERT instead of Bitcoin or NVIDIA?