Morguard North American Residential Real Estate Investment Trust, founded in 2012 and headquartered in Mississauga, Ontario, aims to provide investors with exposure to high-quality residential properties across Canada and the United States. The REIT primarily focuses on acquiring, operating, and managing multifamily residential properties, tapping into the growing demand for rental housing in key metropolitan markets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MRG.DB.B_LIT 6.00% 2028-03-31 CADMorguard North American Residential Real Estate Investment Trust | Canada | 2028-03-31 | 6.000 | — |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Morguard has actively issued bonds to diversify its financing and support growth strategies. Notably, in 2020, it secured $300 million in a five-year debenture, achieving an attractive yield compared to industry averages, allowing it to bolster its portfolio during a volatile market. The REIT's bonds, which typically feature low credit risk and solid interest coverage, have drawn investor interest due to their stable income potential, further emphasized by consistent cash flow from its diversified residential holdings.