TSX:MRT.DB.A - Post by User
Comment by
Mrguillaumeon Oct 30, 2021 11:34am
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Post# 34068153
RE:Just as example
RE:Just as exampleI've owned MRT for 5+ years starting with $15 and recently tripled down on this name. I also own MRG, CAR and GRT. Over the past 10 years while MRT has underperformed the REIT sector, I've seen many of my REITs being taken private at nice premiums. Just recently WPT.
The difference with MRT is Rai Sahi - he controls it all and our fate is in his hands. With the parent co. MRC trading at 25 cents on the dollar, he feels the same way as us. His majority ownership is what keeps analysts away and offers us a deep value.
There are some wonderful properties in MRT and few less so. The deadwieghts, St. Laurent and Cambridge will find their way in 2022/23. They are both huge parcels of land in very central locations.
This current quarter will see a successful re-finance and set up for a much better year in 2022. With HR and CUF being taken out or cleaned up, MRT is the last diversified REIT trading cheap.
Think like a landlord.