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

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TSX:MRT.DB.A - Post Discussion

Morguard Real Estate Investment 5 25 convertible unsecured subordinated debentures > Annual Results show Cash flow of $1/share nearly 20%/share

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Post by slst on Feb 18, 2023 1:50pm

Annual Results show Cash flow of $1/share nearly 20%/share

This explains why the parent company keeps buying these shares. For real estate, the non cash charges are added back to show the Cash generation. This year is $1 and matches last year without the goverment support.

Not sure why they have not yet raised the monthly distribution. The parent gets 2/3rds of it and they can use that to buy more. Nearly 20% cash generation per share based on current prices. Another value measure is the Book value and MRT.un trades at 1/3 of its historical cost. Thats a huge discount.

I must be missing something.....Market has "Intelligence".

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