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

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 > More Unit Holder Value Unlocked!
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Post by UltraTired on Feb 29, 2024 10:33pm

More Unit Holder Value Unlocked!

This week more shareholder value has been "unlocked" by the board's decision to suspend 100% the dividend.

That's  right, another year's worth of dividends has vanished from any shareholders still holding this stock this week. Returning the share price back to the collapsed price around the start of the pandemic. The only difference, they still had a dividend at that time, unlike today.

How over leveraged is this company? Has share price resistance vaporized along with dividend?
Comment by Thor16 on Mar 01, 2024 6:28pm
Are you a unitholder UltraTired?
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