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Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures MNARF


Primary Symbol: T.MRG.DB.B Alternate Symbol(s):  T.MRG.UN

Morguard North American Residential Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland. The objectives of the REIT are to generate stable and growing cash distributions to Unitholders on a tax-efficient basis; to enhance the value of its portfolio and the long-term value of its units through active asset and property management; and to expand the REIT's asset base, primarily through acquisitions and property improvements. The REIT's multi-suite residential property portfolio consists of about 16 Canadian properties and 27 United States properties, having a total of approximately 13,089 residential suites and 239,500 square feet of commercial area.


TSX:MRG.DB.B - Post by User

Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures > RBC raises target to $25
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Comment by nini2022on Jul 29, 2022 9:47am
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Post# 34859697

RE:RBC raises target to $25

RE:RBC raises target to $25Thanks for sharing! I think the only way for the units to get even close to NAV with the current structure is to:

1) raise the distribution signigicantly over the next 1-3 years so investors take notice that management is serious about the public unitholder.
2) Do a secondary offering with a institutional shareholder well over the public trading price. This is pretty unlikely but they do have JVs with HOOPP on one chicago tower in the MRG portfolio and several in the MRC portfolio.

Appreciate you sharing the RBC update, please keep sharing!
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