Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Mrguillaumeon May 06, 2022 2:14pm
258 Views
Post# 34662927

RE:RE:Shorts Continue to Close

RE:RE:Shorts Continue to CloseI hope not! I want to see this through to full valuation. There are some wonderful properties in this portfolio. For example, the class A buildings at 9ave SW leased to Obsidian which is 7.8% (SF) of the entire portfolio. When this renews in 2025, FFO per share will jump approx. $0.15 annually. MRT has the lowest FFO/sh price in the REIT universe. Even the “problem” shopping centre St. Laurent comprises an entire city block in Ottawa.  This won’t be a problem for long.
<< Previous
Bullboard Posts
Next >>