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

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

Real Estate REIT - Retail

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 > Started a decent position this past week

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Comment by flamingogoldon Dec 08, 2024 8:04pm

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Post# 36351981

RE:Started a decent position this past week

Welcome. Seen you on the TNT board which I also hold. I've been in MRT since after the second divy haircut. A little up on the share value so far but the divy has made it worthwhile and beats holding cash. Boring as heck but believe we are close to the gala fireworks. GL.

EstevanOutsider wrote: had been in morguard before but sold out on the last rally as bond yield rips.

however this time i think i'll let sit and forget.

armoyan and sahi (mrc) taking over 90% leaves a big incentive in the next year to go private.

armoyan is not buying for a 4.25% yield. neither is morguard corp.

i suspect mrt could be sold for $12-13 in a firesale. the unit price is $5.55 today!

melcor went for a 50%+ premium and had worse assets, more free float.

mrt has some good offices in vancouver/ottawa + great retail assets.

i also think MRT could raise the distribution which was cut twice since covid.

in the story now so good luck to us all