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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 apollojetic on Oct 27, 2021 4:53pm

Payout ratio now at about 30%

And a very small 2 cents divy per month. They have to think about increasing the dividend. They are holding back too much cash IMO. Do something to get the share price moving. 


SUMMARY OF OPERATIONS                                                                                    

In thousands of dollars, except per-unit amounts

Three Months Ended September 30,

Nine Months Ended September 30,

2021

2020

2021

2020

Revenue from real estate properties

$58,760

$60,596

$178,205

$186,269

Net operating income

30,407

28,497

90,440

90,525

Fair value losses on real estate properties

(7,382)

(101,415)

(42,668)

(333,962)

Net income/(loss)

6,676

(88,116)

5,681

(289,485)

Funds from operations

16,567

14,367

50,943

47,477

Adjusted funds from operations 

12,162

11,451

37,576

35,214

Amounts presented on a per unit basis

       

Net income/(loss) – basic

$0.10

($1.41)

$0.09

($4.70)

Net income/(loss) – diluted

$0.10

($1.41)

$0.09

($4.70)

Funds from operations – basic

$0.26

$0.23

$0.79

$0.77

Funds from operations – diluted

$0.26

$0.23

$0.78

$0.76

Adjusted funds from operations – basic 

$0.19

$0.18

$0.59

$0.57

Adjusted funds from operations – diluted 

$0.19

$0.18

$0.59

$0.57

Distributions per unit

$0.06

$0.12

$0.20

$0.52

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