Earnings
July 21, 2018 - POW
New! Power Corporation of Canada Q1-2018 Earnings and Price Target .....
July 19, 2018 - GWO
New! Great-West Lifeco Inc. Q1-2018 Earnings & Price Target .....
July 18, 2018 - SLF
Sun Life Financial Inc. Q1-2018 Earings & Price Target .....
July 17, 2018 - MFC
Manulife Financial Corp. Q1-2018 Earnings Update .....
July 15, 2018 - MRG.UN
Morguard North American Residential REIT. Q1-2018 Earnings Update .....
July 14, 2018 - MRT.UN
Morguard REIT Q1-2018 Earnings Update .....
July 13, 2018 - AGF.B
AGF Management Ltd - Q2-2018 Earnings & Price Target Update .....
July 11, 2018 - CIX
CI Financial Inc. Q1-2018 Earnings & Price Target .....
Recommendation Changes
T, ACR.UN, CUF.UN, BLX, EMA, more...

Morguard REIT - Q2-2017 Earnings & Price Target Update

This is only a sample of the article, please login to view the entire article

Morguard REIT (MRT.UN) owns a portfolio of retail shopping centres, offices buildings and industrial properties comprising 49 properties(54, Dec-31-2014) totalling 8.8M sq. ft. valued in total at $3B ($3.8B as of Dec-31-2014.) By leasable area 40% of properties is located in Ontario, Alberta -25%, BC at 13% with the balance located Saskatchewan, Manitoba, and Quebec. The retail properties constitute 55% of leasable area, office properties 39% and 6% from industrial properties. The retail properties are weighted to Ontario and the office properties to Alberta. There are two properties held for development.

The retail portfolio includes two broad categories of income producing properties: enclosed full-scale, regional shopping centres that are dominant in their respective markets; and neighbourhood and community shopping centres that are primarily anchored by food retailers, discount department stores and banking institutions. The office portfolio is focused on well-located, high-quality properties in major Canadian urban centres. The portfolio is balanced between single-tenant properties under long-term lease to government and large national tenants and multi-tenant properties. The interests in five industrial properties are located in Ontario and Quebec.

In Q4-2015 it was decided to redevelop the former Target space at Cambridge Centre, Cambridge, ON, The Centre, Saskatoon, SK, Shoppers Mall and Prairie Mall, Grande Prairie, AB, as well as the former Everest College space at St. Laurent, Ottawa, ON. In Q1-2016 it was decided to redevelop a former Safeway space at Shoppers Mall in Brandon along with space vacated by Target.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
July 20, 2018
New! Coverage Universe - Weekly Price Changes July 13-20, 2018
July 13, 2018
Coverage Universe - Weekly Price Changes July 6-13, 2018
July 9, 2018
Atrium Mortgage Investment Corp. 5.5% Convertible Debentures New Issue
July 6, 2018
Coverage Universe - Weekly Price Changes June 29-July 6, 2018
June 29, 2018
Coverage Universe - Weekly Price Changes June 22-29, 2018
June 23, 2018
Coverage Universe - Weekly Price Changes June 15-22, 2018
June 15, 2018
Coverage Universe - Weekly Price Changes June 8-15, 2018
June 13, 2018
Firm Capital Mortgage Investment Trust - New Convertible Debenture