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 > Wow Record results and distribution increase

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Comment by sweetMolly1on Oct 26, 2022 5:14am

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Post# 35048803

RE:Wow Record results and distribution increase

Jtpatrol1 wrote: Highest FFO since going public of .38 cents ..... Low payout ratio of 46.6% ... Very low debt of 36.7 % ..... Distribution increase ....
Increased the value of their properties by $55,643,000. dollars .... A+

Insane that this REIT is trading at about 50% of its NAV. Morguard corp should just buy the forty-five percent it does not own back

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