Morguard Real Estate Inv Trust

MRT.UN-T

Analysis and Opinions about MRT.UN-T

Signal
Opinion
Expert
BUY
BUY
November 5, 2010
Diversified commercial REIT. Relative to other names in the same space, it is reasonable value. Can continue buying properties at higher values because financing rates have come down. Came out with decent results and shot up over last 4 or 5 sessions.
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Diversified commercial REIT. Relative to other names in the same space, it is reasonable value. Can continue buying properties at higher values because financing rates have come down. Came out with decent results and shot up over last 4 or 5 sessions.
BUY
BUY
November 5, 2010
Diversified commercial REIT. Relative to other names in the same space, it is reasonable value. Can continue buying properties at higher values because financing rates have come down. Came out with decent results and shot up over last 4 or 5 sessions.
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Diversified commercial REIT. Relative to other names in the same space, it is reasonable value. Can continue buying properties at higher values because financing rates have come down. Came out with decent results and shot up over last 4 or 5 sessions.
BUY WEAKNESS
BUY WEAKNESS
July 20, 2009
Excellent liquidity situation. Payout ratio is sustainable. Was a discount for management that was probably warranted but is now overdone. Have done very well over the last couple of years. Would like to buy it in the $8 range. 7.5% distribution is very safe.
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Excellent liquidity situation. Payout ratio is sustainable. Was a discount for management that was probably warranted but is now overdone. Have done very well over the last couple of years. Would like to buy it in the $8 range. 7.5% distribution is very safe.
HOLD
HOLD
February 27, 2009
(Market Call Minute.) Very good balance sheet and good liquidity but fundamentally you want to look for another name once things turn.
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(Market Call Minute.) Very good balance sheet and good liquidity but fundamentally you want to look for another name once things turn.
BUY
BUY
April 3, 2007
Commercial diversified. Management is heavily invested. Doing all the right things. Good quality.
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Commercial diversified. Management is heavily invested. Doing all the right things. Good quality.
BUY
BUY
February 16, 2007
Commercial diversified with offices, industrial and retail. Suffered earlier from losing Wal-Mart as a tenant in a couple of its properties. There was an issue with the high leverage on its balance sheet. Management has done a fantastic job of repositioning.
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Commercial diversified with offices, industrial and retail. Suffered earlier from losing Wal-Mart as a tenant in a couple of its properties. There was an issue with the high leverage on its balance sheet. Management has done a fantastic job of repositioning.
BUY
BUY
January 19, 2007
Commercial diversified. Recently sold a large portfolio of industrials and replaced it with office in the Ottawa market. Some improving fundamentals in retirement of debt. Things look good.
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Commercial diversified. Recently sold a large portfolio of industrials and replaced it with office in the Ottawa market. Some improving fundamentals in retirement of debt. Things look good.
COMMENT
COMMENT
January 12, 2007
Selling off 65% of their industrial portfolio and putting this into office. Management is making changes for the long-term future.
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Selling off 65% of their industrial portfolio and putting this into office. Management is making changes for the long-term future.
COMMENT
COMMENT
December 22, 2006
Office, industrial and retail. Good exposure to western Canada. Runs at a slightly higher and unfavourable leverage. Have been some vacancy issues. Recently bought some good quality office in Ottawa. May lease out their industrial property. Have paid down some of their debt. Some positive momentum.
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Office, industrial and retail. Good exposure to western Canada. Runs at a slightly higher and unfavourable leverage. Have been some vacancy issues. Recently bought some good quality office in Ottawa. May lease out their industrial property. Have paid down some of their debt. Some positive momentum.
BUY
BUY
December 8, 2006
Just announced a major acquisition of an office portfolio that’s well leased with a major pension fund. The type of transaction that will move them in the right direction. Refinanced debt at better rates. Trading at a discount to its peers.
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Just announced a major acquisition of an office portfolio that’s well leased with a major pension fund. The type of transaction that will move them in the right direction. Refinanced debt at better rates. Trading at a discount to its peers.
COMMENT
COMMENT
November 24, 2006
Payout ratio is higher than he likes. All real estate assets are in favour right now, so down the road it could be taken over. Prefers IPC US Income Commercial (IUR.UN). (See Top Picks.)
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Payout ratio is higher than he likes. All real estate assets are in favour right now, so down the road it could be taken over. Prefers IPC US Income Commercial (IUR.UN). (See Top Picks.)
DON'T BUY
DON'T BUY
June 9, 2006
Has an underperform rating on this one. They have a higher than average debt leverage. Have been experiencing some operational difficulties.
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Has an underperform rating on this one. They have a higher than average debt leverage. Have been experiencing some operational difficulties.
HOLD
HOLD
November 25, 2005
Has a market perform rating on this. Essentially they own, a portfolio of retail that has performed pretty well. Has been pretty neutral on this stock. Trading, from a valuation prospective, at net asset value. Have had operating issues. Their debt is higher than their peer group.
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Has a market perform rating on this. Essentially they own, a portfolio of retail that has performed pretty well. Has been pretty neutral on this stock. Trading, from a valuation prospective, at net asset value. Have had operating issues. Their debt is higher than their peer group.
HOLD
HOLD
March 11, 2005
Has just recently upgraded from a sell to market perform. Operationally things are looking better, however it has alot of dept. Expect modest growth.
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Has just recently upgraded from a sell to market perform. Operationally things are looking better, however it has alot of dept. Expect modest growth.
DON'T BUY
DON'T BUY
December 10, 2004
Was heavily weighted to retail assets, owning a couple of very attractive regional malls. Now skewing their portfolio to more industrial and have being trying to sell some of their underperforming assets. Have taken on more debt. Payout ratio is higher than its peers which is a higher risk.
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Was heavily weighted to retail assets, owning a couple of very attractive regional malls. Now skewing their portfolio to more industrial and have being trying to sell some of their underperforming assets. Have taken on more debt. Payout ratio is higher than its peers which is a higher risk.
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