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Bullboard - Stock Discussion Forum Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Alternate Symbol(s):  MGRUF | T.MRT.UN

Morguard Real Estate Investment Trust is a Canada-based closed-end real estate investment trust. The Company provides real estate advisory services and portfolio management services, specializing in publicly traded equities and fixed-income securities, to institutional clients and private investors. The Company owns a diversified portfolio of 46 retail, office and industrial income-producing... see more

TSX:MRT.DB.A - Post Discussion

Post by SurfacePro7 on Feb 17, 2021 9:36pm

Patience!

The real value proposition here is seeing thru a pathway to a post-covid recovery... the thesis hasn't changed here whether they cut the divy or not.  It's still trading a huge discount to it's book value... they can write down 50% of their book value and MRT will still be trading at a discount.

Stay the course.. you'll be rewarded with much higher share price down the road which is the real prize (don't fret over losing 24 cents per year) 

Mangement also can't steal this..they'll need support of the majority of the minority.   As minority shareholders, I think we would all welcome a compelling take private bid...
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