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.

TSX:MRT.DB.A - Post by User

Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > Payout ratio at 37.5%

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Comment by slston Apr 27, 2023 1:02pm

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Post# 35417352

RE:Payout ratio at 37.5%

Was looking at the Basic Funds from Operations being 25 cents for the quarter. They are back generating cash of $1 per share. They have great developement potential at Burquitlam in BC.

In holding back the distribution, they keep some investors away (higher income seekers). In so doing, they are able to gobble shares as they have been on a reqular basis.

Fingers crossed, they will offer the long term holders a meaningful premium. Good Luck longs.

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