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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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

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 > The reason why this might be a value trap....
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Comment by apollojeticon Oct 28, 2021 9:49am
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Post# 34058189

RE:RE:The reason why this might be a value trap....

RE:RE:The reason why this might be a value trap....Still hard to get excited about a reit that issues very dull  quarterly reports with no new initatives to help move the share price up. Give us something. Tell us your plan to turn things around. What are you working on? 

Being one of the worst performing reits is not a badge of honor where you play defense for the forseeable future.

A divy raise would at least give some confidence that they believe in the properties and the tenants they have as being stable.

A bump to 4 cents per month would put the payout ratio around 63%, provided of course they don't have more tenant bankruptcies and less income.

Their biggest mistake IMO was reducing the divy a second time. Shows little confidence in your tenant mix.


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