Morguard Corp T.MRC

Alternate Symbol(s): MRCBF

Real Estate Real Estate - General

Morguard Corporation is a Canada-based real estate and property management company. The Company’s principal activities include the acquisition, development and ownership of multi-suite residential, commercial and hotel properties. The Company has various retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Its owned and managed portfolio of assets is valued at over $17.6 billion. The Company owns a diversified portfolio of over 160 multi-suites residential, retail, office, industrial and hotel properties located in Canada and in the United States. The Company also provides real estate management services to institutional and other investors. The Company, through Lincluden Investment Management Limited, offers institutional clients and private investors a broad range of global investment products across equity, fixed-income and balanced portfolios.

TSX:MRC - Post by User

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Post by Northforce13on Feb 09, 2022 3:54pm

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Post# 34414035

adding

Keep adding around 132 here

I sold out of BEI.UN 3 weeks ago +/-, have been ramping up MRC, MRC is now my largest position /top pick at about 30-35% of total portfolio.

It appears undervalued across the board on all metrics, including peer comparisons. In addition, nearly half their net porfolio value is in apartment buildings, which I like.

My third largest portfolio position is MRG.UN, MRC's sister, pure apartment play, which has run up a bit of late.

GLTA

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