Professional
Added to YB: 2026-01-12
Pitch date: 2026-01-02
MRT-UN.TO [neutral]
Morguard Real Estate Investment Trust
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 6.30
Price Target
N/A
Dividend
3.76%
EV/EBITDA
14.48
P/E
-9.30
EV/Sales
6.74
Sector
Diversified REITs
Category
special_situation
REIT book to start the year: Morguard Real Estate Investment Trust
MRT-UN.TO (holding update): Hit 52-week high despite no material news. Thesis: privatization in 2026 (Morguard Corp can repay convertible debt) or major asset sales to developers. Incremental buying by George Armoyan promising. Very small public float. Holding position awaiting mgmt decision.
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