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Bullboard - Stock Discussion Forum Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures T.MRG.DB.B

Alternate Symbol(s):  MNARF | T.MRG.UN

Morguard North American Residential Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and... see more

TSX:MRG.DB.B - Post Discussion

Post by Jtpatrol1 on Oct 25, 2022 4:58pm

Wow Record results and distribution increase

Highest FFO since going public of .38 cents ..... Low payout ratio of 46.6%  ...  Very low debt of 36.7 %   .....   Distribution increase ....
Increased the value of their properties by $55,643,000. dollars ....  A+
Comment by sweetMolly1 on Oct 26, 2022 5:14am
  Insane that this REIT is trading at about 50% of its NAV.  Morguard corp should just buy the forty-five percent it does not own back
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