Professional
Added to YB: 2025-04-03
Pitch date: 2025-04-01
MRT-UN.TO [neutral]
Morguard Real Estate Investment Trust
+16.44%
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 379.3M
Pitch Price
CAD 5.49
Price Target
N/A
Dividend
4.14%
EV/EBITDA
14.09
P/E
-11.14
EV/Sales
6.46
Sector
Diversified REITs
Category
special_situation
Reflection on some top real estate ideas - Morguard Real Estate Investment Trust
MRT-UN.TO (holding update): Potential privatization play with significant insider buying by Morguard Corp & George Armoyan. Free float shrinking. NCP long, expects 40%+ premium based on recent retail space transactions. ~50/50 office/retail mix + Toronto industrial. Melcor REIT's 46% premium bid supports thesis. Modest distribution while waiting.
Read full article (2 min)