Morguard (OTC) (TSE:MRC) has released an update.
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Morguard Corporation reported a mixed financial picture for the second quarter of 2024, with increased total revenue from real estate properties but decreased net income and normalized funds from operations, primarily due to the sale of a hotel portfolio. The company remains in a strong liquidity position with significant cash and credit facilities, and has successfully reduced its debt ratio through strategic asset sales.
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