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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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

Real Estate REIT - Diversified
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

Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > Q1 - no surprises
View:
Post by HermannHaller on Apr 28, 2021 5:11pm

Q1 - no surprises

Nice to see a clean quarter. FFO (fully diluted) 29c vs analyst estimates of 26c. Book value per share $18.05, debt to assets slightly improved from year end.

The valuation is so low it's almost comical. Trading at a 70% discount to book. Even Morguard North America, for comparison, had basically the same level of FFO and trades at $15.65. And that one is cheap too. Haha.
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Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures