MISSISSAUGA, ON, May 5, 2023 /CNW/ – Morguard Corporation (the “Corporation”) (TSX: MRC) today announced the results of matters voted on at its annual and special shareholders’ meeting held on May 3, 2023 (the “Meeting”), which included the election of directors of the Corporation, all of the nominees listed in its management information circular dated… [Read More]

MISSISSAUGA, ON, May 2, 2023 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX: MRC) is pleased to announce its financial results for the three months ended March 31, 2023. Reporting Highlights Normalized funds from operations (“Normalized FFO”) was $50.3 million, or $4.56 per common share, for the three months ended March 31, 2023. This… [Read More]

MISSISSAUGA, ON, Feb. 23, 2023 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX: MRC) is pleased to announce its financial results for the year ended December 31, 2022. Reporting Highlights Normalized funds from operations (“Normalized FFO”) was $218.8 million, or $19.75 per common share, for the year ended December 31, 2022. This represents an… [Read More]

Interest in the multi-suite residential rental sector will remain elevated in 2023, given healthy demand fundamentals and constrained supply The industrial leasing market outlook remains positive, as supply is constrained and vacancy rests close to the 2022 all-time low in 2023, a trend that will continue into 2023 Office property investment activity stabilized in 2022,… [Read More]

Morguard acquired a 50 percent freehold interest in 215 Slater, built in 2007 to house the Ottawa headquarters for Telus Communications Inc. MISSISSAUGA, ON, Jan. 9, 2023 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) recently acquired a 50 percent interest in a Class A office building located at 215 Slater Street from a Canadian institutional investor…. [Read More]

MISSISSAUGA, ON, Nov. 15, 2022 /CNW/ – Morguard Corporation (“Morguard”) (TSX: MRC) today released its 2022 U.S. Economic Outlook and Multi-Suite Residential Rental Market Fundamentals Mid-Year Update, providing a detailed analysis of the 2022 U.S. real estate market and trends to watch for in the first half of 2022 and beyond. The mid-year update revealed that… [Read More]

MISSISSAUGA, ON, Nov. 2, 2022 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX: MRC) is pleased to announce its consolidated financial results for the three and nine months ended September 30, 2022. Reporting Highlights Net income decreased by $53.0 million to $55.8 million for the three months ended September 30, 2022, compared to $108.8… [Read More]

Morguard continued to drive positive change and take action to reduce their footprint in 2021 Morguard earned HOOPP’s Leadership in Environmental Advancement Program (LEAP) Forward Award for our progress in utilizing smart valve technology to reduce water consumption by 25% at our retail properties. Morguard supported various community causes including food donations to mitigate food… [Read More]

MISSISSAUGA, ON, Sept. 16, 2022 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) announced today that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Morguard of its intention to make a normal course issuer bid through the facilities of the TSX and/or alternative Canadian trading systems. The notice provides that Morguard may,… [Read More]

There were no signs of a slowdown in the industrial investment property sector Multi-suite residential rental rates continued to rise during the second quarter of 2022 National office vacancy rates continued to rise Retail investment property sales activity continued to underwhelm MISSISAUGA, ON, Aug. 25, 2022 /CNW/ – Canada’s industrial investment property sector continued to… [Read More]

Morguard purchased 3199 Palladium Drive, a best-in-class fully leased office complex located in the Kanata West Business Park MISSISSAUGA, ON, Aug. 22, 2022 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) recently acquired a Class A office building located at 3199 Palladium Drive that is fully leased. The property is situated in Kanata, a fast-growing suburb… [Read More]