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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

Post by flamingogoldon May 14, 2024 11:46am
110 Views
Post# 36038939

80% inside ownership = potential catalyst for s/p increase

80% inside ownership = potential catalyst for s/p increaseDaily volume is wafer thin as available shares are dwindling daily. Market Screener shows inside ownership at over 80% but Yahoo shows 91%. Not sure why the discrepancy, but in either case the ownership is high. It wouldn't take much to get this one going again in share price ie. interest rate drop, asset sales, distribution increase or MRC buyout.
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