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Morguard Corporation Announces 2023 Third Quarter Results and ... - Canada NewsWire
http://dlvr.it/SzlZ0J
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A bid for a master-planned community to replace Burquitlam Plaza is expected to come before the Coquitlam City Council in the next few months.
On Monday (Jan. 30), the proposed project came before the council-in-committee for an update, about a week after the YMCA opened its facility next to Burquitlam Plaza.
And it comes as Concert Properties builds its towers next to the Morguard property and the City of Coquitlam builds a park and ride, as well as a new community police station, to create the new "Heart of Burquitlam."
Designed by James Cheng of James Cheng Architects, the Morguard master plan hasn’t changed substantially since it was introduced in the fall of 2021, the committee heard.
In total, it would bring in $80 million to the municipality in development cost charges, density bonus payments, community amenity contributions, and cash from the sale of two city-owned lots, according to a report from Andrew Merrill, Coquitlam’s director of development services.
But while some councillors praised Morguard for adding rental stock in the city, others pressed the company for more affordable living in the busy area.
Newly elected councillors Matt Djonlic and Robert Mazzarolo urged Morguard to work with senior levels of government to build non-market units—that is, housing owned or controlled by a government or non-profit entity and made available to tenants in financial need.
And Mazzarolo lobbied Morguard to accommodate Coquitlam families by arranging huge suites and more child care in the redesigned neighborhood.
Mazzarolo cited the Housing Needs Report before the committee on Jan. 16, showing demographic data from the 2021 census.
According to the report, there is a significant need for affordable family-sized housing units in Coquitlam.
In 2021, the most common household in the city was made up of three people or more—about 45 percent of the housing stock; by comparison, one-person homes accounted for 23 percent of the housing stock, and two-person families were at 32 percent.
As there's been an upward trend in renting. In 2006, 25 percent of Coquitlam residents leased, compared with about 31 percent today, while home ownership declined from 75 percent to 69 percent.
In response, Nagle told the committee that "economics are tight" and constructing more rental units would be challenging. He also said no government agency has come forward to offer financial assistance with the Burquitlam proposal.
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City views @coastchicagoapts @flavor.boyd #chicago #music #architecture #coastchicago #morguard #morguardapartments (at Chicago, Illinois) https://www.instagram.com/p/CPWugxSDO81/?utm_medium=tumblr
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Morguard (MRC:TSE) Fundamental Valuation Report
Morguard (MRC:TSE) Fundamental Valuation Report
Fundamental Valuation Report
Morguard(MRC:TSE)
Real Estate:Real Estate – Diversified
This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.
–Close Price/Date$128.16 (CAD) 05/07/2021
Weighted Valuation$169.45 (CAD)
Overall RatingUndervalued by 32.2%
Valuation Models
Comparables: $240.30 (CAD)
(in order of…
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#adjusted book value#BEI.UN#Boardwalk REIT#Cominar REIT#comps#CUF.UN#D.UN#DCF#discounted cash flow#Dream Office REIT#DREAM Unlimited#DRM#fundamental analysis#intrinsic value#Morguard#MRC#undervalued#valuation#WIR.U#WPT Industrial REIT
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Morguard (TSE:MRC) PT Raised to C$225.00 at CIBC
Morguard (TSE:MRC) PT Raised to C$225.00 at CIBC
Morguard (TSE:MRC) had its price target increased by CIBC from C$210.00 to C$225.00 in a research report sent to investors on Monday, November 11th, BayStreet.CA reports.
Separately, Royal Bank of Canada boosted their price objective on shares of Morguard from C$200.00 to C$217.00 in a research report on Wednesday, October 2nd.
MRC stock traded up C$1.90 during trading on Monday, reaching…
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#Boost Price Target#Canada Real Estate#CIBC#Montreal Real Estate#Morguard#MRC#Real Estate#Real Estate Investment#Toronto Real Estate#TSE:MRC#US Real Estate#Vancouver Real Estate
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Morguard Real Estate Investment Trust reports Q4 results
Morguard Real Estate Investment Trust reports Q4 results
Morguard Real Estate Investment Trust reports Q4 results
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Morguard North American Residential Real Estate Investment Trust (MNARF) CEO Rai Sahi on Q3 2021 Results - Earnings Call Transcript Seeking Alpha
from "property investment" - Google News https://ift.tt/3GLeDRw
http://realestateiksa.blogspot.com/2021/10/morguard-north-american-residential.html
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3 Top Coronavirus Stocks To Buy Right Now
They should get rid half of their retail portfolio and invest more in Industrial sector. When the trendy boutique dropped to $70 this morning, I decided to get out and lock my profit. Right now is a good time to buy to get the dividend as early as possible. DryShips (DRYS) - DRYS has hit a short term bottom but is flat right now. Their bottom line will be impacted by US tariffs on metal, so I decided to sell my shares and wait for a better entry point. Not bad, considering the stock market dropped by 6.5% in October and my portfolio dropped by 2.3%. I think markets will do better in November. No! Markets usually behave that way every year in October, then rallies in November and sell off again in December. The ex-dividend date for QSR is December 14, 2018 and the dividend payment is on January 4, 2019. By purchasing the shares today, I will receive my very first payout as early as next month.
Chipmaker Nvidia (NVDA) announced it was purchasing SoftBank Group’s chip unit Arm Limited in a transaction valued at $40 billion - the largest ever in the semiconductor industry. Total revenue rose 8.2% to $5.18 billion, above the FactSet consensus of $5.01 billion, as used vehicle sales grew 4.5% to $4.21 billion, in line with expectations of $4.21 billion. American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. are trading back above $36 again. Once Alberta is fully recovered, Morguard should be trading back at 20% discount to book value, meaning that the stock price could be above $20 within the next three to five years. The stock is currently trading at 52% discount to its book value. The current stock price sits at $12.45, but according to their book value calculation, the company is worth $26 per share. I’m speculating that the market discounts 20% of share price due to their Alberta exposure and 20% due to their Retail exposure.
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Morguard (MRC:TSE) Fundamental Valuation Report
Morguard (MRC:TSE) Fundamental Valuation Report
Fundamental Valuation Report
Morguard(MRC:TSE)
Real Estate:Real Estate – Diversified
This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here.
–Close Price/Date$128.16 (CAD) 05/07/2021
Weighted Valuation$169.45 (CAD)
Overall RatingUndervalued by 32.2%
Valuation Models
Comparables: $240.30 (CAD)
(in order of…
View On WordPress
#adjusted book value#BEI.UN#Boardwalk REIT#Cominar REIT#comps#CUF.UN#D.UN#DCF#discounted cash flow#Dream Office REIT#DREAM Unlimited#DRM#fundamental analysis#intrinsic value#Morguard#MRC#undervalued#valuation#WIR.U#WPT Industrial REIT
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Morguard Real Estate Investment Trust operates as an unincorporated closed-end real estate investment trust in Canada. The company has market …
Provide it by Tips about Real Estate Structure Finance
https://calgaryrealestatelistingsblog.wordpress.com/2018/05/27/chevy-chase-trust-holdings-has-upped-by-826150-its-splunk-splk-position-moreguard/
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Morguard Real Estate Investment Trust’s (MGRUF) CEO Rai Sahi on Q3 2020 Results – Earnings Call Transcript Morguard Real Estate Investment Trust (OTC:MGRUF) Q2 2020 Earnings Conference Call July 30, 2020 4:00 PM ET…
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Maintenance Technician II - Verandah at Valley Ranch
Morguard is now hiring a Maintenance Tech 2 To join our team in Irving, Texas!
We own and manage a beautiful 319 unit, class B garden style community. Our team of rockstar maintenance professionals handle all work
from Job Portal https://ift.tt/2yNd7Qe
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