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Morguard Real Estate Investment Trust Announces 2018 Annual Results

by benzinga.com posted 2months ago 20 views
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 Full story available on Benzinga.com.

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