Morguard (OTC) (TSE:MRC) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
For further insights into TSE:MRC stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue