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

Alternate Symbol(s): MGRUF | T.MRT.UN

Real Estate REIT - Retail

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 > MRT Used to have Book Value of $28

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Comment by CatchTheDipon Nov 18, 2021 11:31pm

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Post# 34144039

RE:MRT Used to have Book Value of $28

Morguard Corp. Records IFRS full value on their books, not the REIT's trading price. It doesn't affect them much trading here. MRT or Morguard should have bought units and raised the unit price to get a better conversion price on debentures. Cash is tight though. Morguard Corp. is still in default of some of its obligations (but much less so than earlier in the year). Need to preserve cash and improve the balance sheet before spending money on buying units.

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