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Morguard REIT (TSX: MRT.UN, OTC: MGRUF)

These are real estate investment trust units traded on the TSX, with market cap of about $700 million, and over 60 million shares outstanding, which ensures plenty of liquidity.


Income Investor

This has obviously been a tremendous disappointment. The underlying assets still seem somewhat undervalued, however. I would not be surprised if the parent company Morguard takes this one private at some point. While that may give a slight boost to the unit price, it still leaves MRT.UN vulnerable to being taken out at depressed levels. That makes it more of a speculative play than an income play.- Paul Bamford

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MRT.UN was first recommended here on December 19, 2019