Topic: How To Invest

Hello: I am wondering what your thoughts are on Morguard Corp. Thanks.

Article Excerpt

Morguard Corporation, $103.45, symbol MRC on Toronto (Shares outstanding: 12.8 million; Market cap: $1.3 billion; www.morguard.com), owns, develops and manages commercial and multi-family residential properties. The company owns 100 office, industrial, retail and multi-residential buildings in major Canadian cities and the southeastern U.S. It also holds a 50% stake in one hotel and interests in 122 acres of land with development potential. Morguard’s total portfolio includes 7.1 million square feet of commercial space and 10,512 multi-unit residential suites. Morguard also manages real estate for Canadian institutional investors and private individuals. The company’s services also include property purchases, sales, development and leasing. Morguard currently manages 33.7 million square feet of retail, office and industrial properties on behalf of third parties. In addition, Morguard holds a 45.2% interest in Morguard REIT (symbol MRT.UN on Toronto), which owns 53 retail, office and mixed-use properties in Ontario, B.C., Alberta, Saskatchewan, Manitoba and Quebec. In all, these buildings contain 8.5 million square feet of space. The company also owns…