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Bullboard - Stock Discussion Forum Melcor Real Estate Investment Trust T.MR.UN

Real Estate REIT - Diversified
Melcor Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company’s principal business is to acquire, own and manage office, retail, and industrial properties in select markets across Western Canada. Its portfolio consists of interests in approximately 38 properties representing approximately 3.1 million square feet of gross leasable area located Alberta... see more

TSX:MR.UN - Post Discussion

Melcor Real Estate Investment Trust > who are the dumb investors selling?
View:
Post by canadian on Mar 29, 2021 2:49pm

who are the dumb investors selling?

who are the dumb investors selling when company is buying back at least @ 6.36? Added few more. Please sell more.
Comment by Shirtlessnomore on Mar 30, 2021 3:04pm
I was happy to get 6.40 to 6.50 for a bunch today. It's now within 1.50 of precovid and less yield so I found it a good time to move on. Cheers and good luck all.
Comment by Shirtlessnomore on Mar 30, 2021 3:10pm
Not to say I'm permanently out here, the moment they stop buying retail just sells this down anyway so still lots of potential opportunities.
Comment by canadian on Mar 30, 2021 3:45pm
Their current payout ratio is only around 40%. Still lot of room to increase the dividend too. Before Covid they were buying back shares above 8$.
Comment by Shirtlessnomore on Mar 30, 2021 9:12pm
I agree with you, I dont think there's anything wrong with buying this, the float is so low it moves dramatically up and down. That's not a bad thing but holding it can get frustrating when in 3k shares it moves 20 cents either way. Lol. I will probably buy it again as I dont expect it to stay up here but I could be wrong. It's got about 25% to pre covid levels and I think that's a ...more  
Melcor Real Estate Investment Trust
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