Professional
Added to YB: 2025-05-20
Pitch date: 2025-05-16
MRT-UN.TO [bullish]
Morguard Real Estate Investment Trust
+10.3%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 45 retail, office and industrial income producing properties in Canada with a book value of $2.
Market Cap
CAD 421.5M
Pitch Price
CAD 5.68
Price Target
8.00 (+28%)
Dividend
3.76%
EV/EBITDA
14.48
P/E
-9.30
EV/Sales
6.74
Sector
Diversified REITs
Category
special_situation
Favorite Canadian REITs for 2H 2025 - Morguard Real Estate Investment Trust
MRT-UN.TO: Parent Morguard Corp bought ~1.3M units, with G2S2 adding; only ~3% free float remains. Takeout likely imminent at ~$8 (50% premium like Melcor REIT). Better assets than Melcor at bigger discount. Parent's aggressive buying during selloff suggests fairness to retail. Key developments could boost value post-privatization.
Read full article (2 min)