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
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