TSE:MRC

Morguard Corporation (MRC.TO)

121.59
-3.36 (2.69%)
as of Jun 22, 2026, 2:59:43 pm Market Open.
57 watching
0
TOP PICK
Owned for a long time. A deep value play. Most analysts think the real value of the real estate is $100-$120 per share. Is illiquid - doesn’t trade much so institutional investors find it very difficult to dispose of a position in this. Thinks it will either be acquired or taken private. Are buying back shares little by little rather than making an offer to shareholders.
PAST TOP PICK
(Top Pick Feb 22/10,Up 60.58) Accounting report showed net asset value of real estate was $100 / share. He identified the value but the market didn’t know it. Expects company to spin off its apartments as a real estate trust.
TOP PICK
8’th largest real estate company in Canada. Largest unit holder in Morgard REIT. Trading at 45-55% of its net asset value – if you take out Morgard REIT, it is more like a 70% discount to net asset value. Deep value investment.
PAST TOP PICK
(Top Pick Nov 10/09, Up 43.98%) Still buying. Way too cheap
BUY
(Market Call Minute) Bought back a lot of shares. You should be buying too.
COMMENT
Real estate holding company and is very cheap. Assets are worth at least $70-$80 a share but has very little volume action. Would like controlling group to take it private, which would give it a catalyst to release the value.
PAST TOP PICK
(A Top Pick Nov 10/09. Up 36.74%.) Real estate holding company and real estate has done really well
BUY
Really like this company. Not a REIT, but a regular holding company. 5-6x funds from operations / others are ~13x. Low liquidity and lower yield. Thinks net asset value is $70-$80 so buy it at half what it is worth.
RISKY
Trading at deep discount to NAV. Company realizes it is trading at a deep discount. They may spin out apartments as a REIT. At some point street will realize there is value there. You have to be patient. They could and should raise their dividend.
PAST TOP PICK
(A Top Pick Nov 10/09. Up 41.57%.)
PAST TOP PICK
(Top Pick Nov 10/09, Up 34%) It’s trading at a deep discount to other real estate companies. Not an active or well-followed company. They maintained their rents. Had good results in Q1. You will be well rewarded if you are a patient investor.
BUY
Real estate. Has moved up but is still remarkably cheap and there is a lot more to go. NAV is $75-$80 a share.
BUY
Real estate holding company. Assets should be worth $70-$80 a share. Very illiquid. Feels the company should be taken private. Closely controlled by its inside shareholders group.
PAST TOP PICK
(A Top Pick Nov 10/09. Up 40.4% excluding dividends.) Real estate. Trades at 5X funds from operations while most trade at 8 to 12. Thinks it's going higher.
TOP PICK
Very little press, under followed. Has a lot of industrial and commercial real estate. Trading at significant discount to every single real estate company in Canada. 40-50% discount to net asset value.
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