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

Primary Symbol: T.MRG.DB.B Alternate Symbol(s): MNARF

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

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Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures > Expecting a great Q2

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Post by SusanBolland on Jul 26, 2022 7:43am

Expecting a great Q2

I think MRG.UN is going to have a "RECORD" quarter.

I'm expecting :

1. Occupancy should have increased due to students going back to school, and immigration picking up, along with "back to work"

2. News reports indicate rents are at all time highs in Toronto and are skyrocketing in the U.S.

3. The U.S. dollar strength should help with earnings as over 60% of NOI is from the U.S.

4. Debt will be even lower than the 37.3% reported in Q1

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Comment by cashworx31 on Jul 26, 2022 9:05am

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Comment by HermannHaller on Jul 26, 2022 10:20am

I agree, should be a good quarter. We might not see the full university reopening benefit until Q4 though. Hopefully also something along the lines of dividend increase/share buybacks.

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