MISSISSAUGA, ON, Aug. 3, 2022 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX: MRC) is pleased to announce its consolidated financial results for the three and six months ended June 30, 2022. Reporting Highlights Net income increased by $231.9 million to $248.1 million for the three months ended June 30, 2022, compared to $16.2… [Read More]

MISSISSAUGA, ON, May 5, 2022 /CNW/ – Morguard Corporation (the “Corporation”) (TSX: MRC) today announced the results of matters voted on at its annual shareholders’ meeting held on May 4, 2022 (the “Meeting”), which included the election of directors of the Corporation, all of the nominees listed in its management information circular dated March 14,… [Read More]

MISSISSAUGA, ON, May 3, 2022 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX:MRC) is pleased to announce its consolidated financial results for the three months ended March 31, 2022. Reporting Highlights Net income increased by $213.8 million to $231.7 million for the three months ended March 31, 2022, compared to $17.9 million for the… [Read More]

MISSISSAUGA, ON, April 26, 2022 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX: MRC) announced that DBRS Limited (DBRS) has downgraded Morguard’s issuer and senior unsecured debentures ratings to BB (high) with a stable trend from BBB (low) with a negative trend. DBRS had previously placed Morguard on negative trend effective August 27, 2020. The… [Read More]

MISSISSAUGA, ON, Feb. 24, 2022 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX: MRC) is pleased to announce its consolidated financial results for the year ended December 31, 2021. Reporting Highlights Net income increased by $506.7 million to $256.6 million for the year ended December 31, 2021, compared to a net loss of $250.1… [Read More]

Morguard expands its ownership of Lumina, a luxury mixed-use asset located in the heart of Hollywood MISSISSAUGA, ON, Jan. 27, 2022 /CNW/ – Morguard Corporation (TSX: MRC) (“Morguard”) announced today that it has acquired the remaining 40.9% ownership of Lumina, a premium mixed-use property in Los Angeles, the second largest city in the US by… [Read More]

Multi-suite residential rental fundamentals will gradually strengthen during 2022, as demand is bolstered by increased immigration and loosening of pandemic restrictions Office property investment activity remained relatively muted over the recent past, due primarily to the sector’s somewhat uncertain outlook. Industrial real estate is predicted to continue outperforming in 2022, keeping with the trend of… [Read More]

MISSISSAUGA, ON, Nov. 4, 2021 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX: MRC) today announced its financial results for the three and nine months ended September 30, 2021. Morguard is pleased to report its financial and operating results for the three and nine months ended September 30, 2021, that demonstrate the resilient nature of… [Read More]

MISSISSAUGA, ON, Sept. 17, 2021 /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, during… [Read More]

MISSISSAUGA, ON, Aug. 25, 2021 /CNW/ – Today, Morguard Corporation (“Morguard”) (TSX: MRC) announced that their National Retail Program “OnePlanet,” part of Sustainable Morguard, is teaming up with Earth Rangers for the “Got Your Ears On” campaign. This environmental awareness initiative will be promoted by Morguard’s 19 Canadian retail centres from August 23 – September 6,… [Read More]

Office leasing activity showed signs of increased business confidence due to a more optimistic economic and public health outlook Multi-suite residential rental and industrial properties remained popular with investors Demand for retail properties with defensive attributes remained relatively stable and positive MISSISSAUGA, ON, Aug. 11, 2021 /CNW/ – The Canadian office leasing market displayed early… [Read More]