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Insider activity on the REIT front has been relatively subdued over the past few months. However, we came across some this week at Morguard North American Residential REIT MRG-UN-T. On Jan. 25, director Bruce Keith Robertson bought 1,600 units in the public market at $16.40. That represents his first public market purchase of 2022. Over the past year, he has spent $368,370 buying units in the market and now holds 427,760 units. The REIT has above median officer and director ownership compared to its mid-cap peers.

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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.

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