Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

RE:RE:Just as example

[Shirtlessnomore]

Very much appreciate the post, clearly you know your game on the stock, the curious part to me is I thought the same about the 2nd half of this year yet we are trading cheaper than 6 months ago with the dividend chopped in half again. I also appreciate your forward thinking although that's the way the markets work is forward thinking, 2022 is a mere 60 days away and yet nothing for hype here, in fact thursday and friday I watched bids constantly coming in at the 5.74 and 5.75 mark and being struck down by sellers all day long, not an ounce of momentum. I welcome the 2022 forecast but until the dividend comes up I strongly believe this is dead money that will return about 4% or basically the value of the weak dividend. I'd be happy to be incorrect. Cheers!

Mrguillaume wrote: I'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.