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

Add To Watchlist

TSX:MRG.DB.B - Post Discussion

Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures > MRG.UN balance sheet

View:

Post by sweetMolly1 on Jul 26, 2022 7:30pm

MRG.UN balance sheet

Even after MRG.UN buys the 350 apartments in Illinois for $171.4 million in Q3 They will still have $81 million in cash and $100 million on a undrawn power line ..... all this with a crazy low payout ratio ( 46.7% ) and very low amount of debt ( 35.6% ).

331

Comment

Comment by nini2022 on Jul 27, 2022 8:58am

I wonder what their reasoning will be for not increasing the distribution....I'm sure Sahi will just say "we talk about it" and add not other context.

140

Comment

Morguard North American Residential Real Estate Inv 6 00 Convertible Unsecured Subordinated Debentures