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The unit price of Morguard North American Residential REIT MRG-UN-T has been sliding over the past six months despite it announcing in October an increase in its monthly distribution to 6.583 cents per unit from 6.333 cent. For Q3, the REIT reported funds from operations of 42 cents per diluted unit, up from 40 cents per unit in Q3 2024. Meanwhile, from Aug.19th to Dec. 4, board of trustees member Bruce Robertson acquired a total of 92,300 units in the public market at an average price of $17.76.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.