Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Alternate Symbol(s): MGRUF | T.MRT.UN

Real Estate REIT - Diversified

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.

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Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > MRC continues to buy MRT.UN shares in the open market

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Comment by flamingogoldon Apr 18, 2023 3:47pm

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Post# 35401426

RE:MRC continues to buy MRT.UN shares in the open market

Have a friend who works there and says they are getting demand on multiple fronts for space. This is contrary to what we are hearing in the news about an impending commercial real estate collapse. Being a contrarian investor, I'm not surprised. March we have a bank "crises" and now the banks are reporting excellent results. As always, usually the opposite happens.

slst wrote:
Wonderful!!! The parent company keeps buyings shares before the quarterly results are out on April 27th. There is still a large short position, so MRC seems to be taking their time taking out weak hands that are tired of the low distribution.

They cut distribution during covid to 2 cents after paying 8 cents a month for several years. Same properties, same locations, mostly the same tenants. Profitability looks almost back to pre covid.....fingers crossed that good stuff is happening behind the scenes.

Will find out at the end of the month.