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

MRT Has Net Assset Value above $16 after Depreciation

[Predator2018]

Depreciation is a phantom writedown of asset value. In reality. MRT asset's replacement value should be much higher due to inflation. MRT for many years traded above $12. Time will tell!!!!!!!

[slst]

You hit the nail on the head.  The properties are well maintained, well located and the stock is actually trading at 1/3 book value.  The parent Co is buying shares in the open market on a regular basis.....so thats encouraging. Financial results have recovered nicely after covid and rather than restore distribution, they parent is keeping it low so they can buy the shares on the cheap.