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

Payout ratio at 37.5%

[eoim2]

AFFO of 0.16 in this quarter compared to distribution of around 6 cents implies dividend should be increased. Payout ratio is too low.

[pierrelebel]

Yes the payout ratio is low, very low, but do not expect an increase this year or next. In the meantime Morguard is increasing its ownership at current low unit price. Long term investors will eventually benefit. Patience will be rewarded.

[NotDrake]

9.5% of the 2022 distribution was ROC, around 11% of you exclude the capital gain distribution.  Don't know the high/low probably but I assume that means there's no reason to raise the distribution just yet.

[flamingogold]

Ask Rai Sahi what he thinks too. But hey, gotta wait, sector is unloved... in fact hated, feared, despised right now.

[slst]

Was looking at the Basic Funds from Operations being 25 cents for the quarter.  They are back generating cash of $1 per share.  They have great developement potential at Burquitlam in BC. In holding back the distribution, they keep some investors away (higher income seekers).  In so doing, they are able to gobble shares as they have been on a reqular basis. Fingers crossed, they