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.

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Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > seller

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Comment by flamingogoldon Dec 23, 2021 1:59pm

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Post# 34258706

RE:RE:seller

I am almost at breakeven here as I entered after covid hit. If you don't need the capital, hang tight. This will likely be the last of the covid casualties to come back. This year it was the restos, next year I believe it will be travel and last the office/mall reits.

I was deep under water on my SRV holding but I bought the fear and now it's one of my top winners. MRT could very well be a big win too after the rush to buy travel stocks. I am holding CHR at breakeven now and will buy another chunk if we dip after the holidays. By Spring I think the market will begin looking past covid once and for all.

slst wrote: Well....hopefully sellers will dry up soon.

Need some catalyst from the company....the Special Distribution anouncement did not stimulate any excitement. Perhaps an increase in the monthly distribution will do it.

At least we have buyers....they are getting a sweet heart deal here. Canadian Office and Retail properties that once traded over $20 per share now at $5 per share.

Banks renewing and up financing at 3% is enough evidence for me that their book value at nearly $18 is reasonable....so I still see Deep value lingering..... I am deep under water on this so do your own due deligence.