MISSISSAUGA, ON, Feb. 13, 2019 /CNW/ - Morguard Real Estate Investment Trust ("the Trust") (TSX:MRT) today is pleased to announce its 2018 annual results. These results have been prepared in accordance with International Financial Reporting Standards ("IFRS"). FOR THE YEAR ENDED DECEMBER 31
In thousands of dollars, except per unit amounts
2018
2017
Revenue from real estate properties
$276,473
$278,754
Net operating income
152,078
157,025
Fair value (losses)/gains on real estate properties
(18,602)
(31,225)
Net income
73,015
67,306
Funds from operations
94,992
100,766
Amounts presented on a per unit basis
Net income
Basic
$1.20
$1.11
Diluted
$1.12
$1.05
Funds from operations
Basic
$1.56
$1.66
Diluted
$1.48
$1.57
Cash distributions per unit
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