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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 slston Aug 17, 2022 1:43am
223 Views
Post# 34901245

RE:RE:RE:RE:RE:RE:RE:Dead money

RE:RE:RE:RE:RE:RE:RE:Dead money

There is still a very large short position of 1.7 million shares.   They are closing out a bit at a time on a regular basis.  Even goo earning, we did not get any meaningful buying so the short are taking their sweet time. 

as soon as the distribution is increased it will get more expensive for the shorts to hold on.  

Am deep underwater on this one too.  With book value near $18 it amazes me that we are lingering at this level on Canadian real estate. 

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