Morguard Corporation (OTC) ( (MRCBF) ) has released its Q3 earnings. Here is a breakdown of the information Morguard Corporation (OTC) presented to its investors.
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Morguard Corporation is a real estate company that owns and manages a diversified portfolio of residential, retail, office, industrial, and hotel properties, with assets valued at $19 billion. The company also provides advisory and management services to institutional and other investors.
In its third-quarter report for 2025, Morguard Corporation announced a modest increase in total revenue to $278.2 million, driven by higher average monthly rent and foreign exchange rate changes. The company also declared a regular eligible dividend for its shareholders.
Key financial highlights include a 3.2% increase in normalized funds from operations to $55.4 million and a significant rise in net income to $44 million, attributed to lower income tax provisions and net fair value loss. The company maintained a strong liquidity position with $273 million in cash and available credit facilities, and it issued $250 million in senior unsecured debentures.
Morguard’s strategic activities during the quarter included refinancing maturing mortgages and continuing development expenditures on a residential project in Mississauga. The company also experienced changes in occupancy levels, particularly in its office portfolio due to the expiry of a major lease.
Looking ahead, Morguard Corporation remains focused on generating stable and increasing cash flow through its diversified real estate portfolio, while managing its financial leverage and continuing to enhance shareholder value.