Real Estate

Morguard Real Estate Investment Trust Announces 2019 First Quarter Results

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MISSISSAUGA, ON, May 1, 2019 /CNW/ - Morguard Real Estate Investment Trust ("the Trust") (TSX:MRT) today is pleased to announce its financial results for the three months ended March 31, 2019. These results have been prepared in accordance with International Financial Reporting Standards ("IFRS"). FOR THE THREE MONTHS ENDED MARCH 31 In thousands of dollars, except per unit amounts 2019 2018 Revenue from real estate properties $70,454 $69,245 Net operating income 37,860 37,646 Fair value (losses)/gains on real estate properties (5,680) (5,995) Net income 16,915 17,611 Funds from operations 23,086 23,550 Amounts presented on a per unit basis Net income Basic $0.28 $0.29 Diluted $0.25 $0.27 Funds from operations Basic $0.38 Full story available on

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