MGRUF - Is This REIT's 7.1% Yielding Dividend Worth The Investment?
Investment Thesis
Morguard REIT (MGRUF) (TSX:MRT.UN) owns a portfolio of retail, office, and industrial properties in Canada. It has an attractive dividend yield of 7.1% and a list of development projects that should improve its net operating income over time. However, the REIT has higher exposure to the retail sector. Even though its share price appears to be undervalued, I believe investors may want to check other REITs first before making their investment decision.
Source: Company Website
What we like about Morguard REIT:
Geographically Diversified
Morguard REIT’s portfolio of properties is geographically diversified.