Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures T.MRT.DB.A

Debt levels

[HermannHaller]

A couple of months ago some people on here were suggesting liquidity issues for MRT.UN and MRC, and that they may have problems with refinancing debt and staying within covenants. It's interesting that the debentures (MRT.DB) are still trading at 100, suggesting little risk of this not being repaid in 2021.

I think the financial troubles of the Morguard group were signficantly overstated.

[Shirtlessnomore]

Yes for sure, as I had mentioned back when that was going on a couple had obvious agendas. Cheers

[slst]

Right you are.  Added some more today.  MRT.un successfully renewed and refinanced at a significant discount and are cashed up so NONE of the Lenders can squeeze them. Number of assets are UNencumbered.....I suspect to give comfort to the convertable debenture.  Their recent mortages have been at a much lower rate, so they will likely finance at the lower rates.  Goverment

[flamingogold]

This one's a hold and we even get a small payout to wait. This stock will move once corporations start to taper on work from home, likely later this Fall.

[Shirtlessnomore]

The payout seems small compared to what was here but in actual fact it's right in line with the big guys like HR.UN and REI.UN mind you they have recovered a little better being the "hot" stocks in the reit sector. The malls and I'm not sure how many movie theaters are holding us back for sure.