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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

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

Comment by Slimaxon Nov 04, 2021 1:57pm
110 Views
Post# 34087816

RE:RE:your thoughts on shorts

RE:RE:your thoughts on shorts

Raising the dividend won't be a catalyst?
AFFO of 0.19 /quarter (in a not good economic situation)
dividend could be 0.06 

Economic situation will improve:
- Alberta (Calgary) economy is coming back with healing energy sector
- Pandemic is ending. And for enclosed malls, those in good locations will stay always relevant. Humans need to interact physically and hang out...

The decrease in share price is overly done with respect to the decrease in NOI and FFO.
All other REITs gained the lost ground. 

No reason for this one to stay at 0.32% of NAV.
We need any catalyst 

 

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