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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 slston Oct 29, 2021 1:34pm
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Post# 34064713

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

RE:RE:RE:RE:RE:The reason why this might be a value trap....
All valid points.  Healthy discussion.  Ultimately, they are still generating good cash flow.  Annualized at over $1.00 per share.  So only slightly less than pre covid. 

They just dont seem to promote the stock, beyond those boring reports.

Market usually takes all that into account.  I am stil hoping this is NOT a value trap, rather it IS deep value that is not fully appreciated.  If I am wrong...Ouch...as I do have a meangful position.

If they even double their distribution to 4cents, thats an 8% yeild.  Remember this basket of Canadian properties paid 8 cents per month for a decade or so.  Even with Sears and Target leaving.  Hopefully its not a slow grind back up, and we get a nice pop from the Shorts.
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Dealroom for high-potential pre-IPO opportunities