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The main market here is Edmonton, so you have to have a view on Edmonton. Being an oil related economy, there is some pressure right now. If you view this as an opportunity to take advantage of this weakness, this would be the name for you. He sees a lot of office building going on right now in the Edmonton market, and thinks it is too much for a market with that kind of growth rate. Dividend yield of 8%.
This has a stigma of being related to the Edmonton market. A blue-collar town with a lot of offices being built, so there is going to be downward pressure on rents going forward. This really comes down to making a call on oil.
This tends to be more of a Western Canadian focused REIT. They have good assets, but the challenge here is that it is going to be more growth by acquisition oriented. Dividend is reasonable in the valuation is reasonable, but he sees better risk/reward in other REITs.
You want to make sure there is good transparency into their deals.
Likes the company but not crazy about the REITs and their external management structure. Thought the fees were a little bit heavy so he did not participate in the IPO. Good safe company to be in but not his preferred pick.
Melcor REIT is a Canadian stock, trading under the symbol MR.UN-T on the Toronto Stock Exchange (MR.UN-CT). It is usually referred to as TSX:MR.UN or MR.UN-T
In the last year, there was no coverage of Melcor REIT published on Stockchase.
Melcor REIT was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Melcor REIT.
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0 stock analysts on Stockchase covered Melcor REIT In the last year. It is a trending stock that is worth watching.
On 2024-12-09, Melcor REIT (MR.UN-T) stock closed at a price of $5.17.