Morguard Corporation (TSX:MRC)

Real Estate

Morguard Corporation is an integrated real estate company that owns, manages, and invests in diversified North American real estate assets.

The company claims to invest in those well located and geographically diversified real estate properties.

The real estate firm claims to generate value for the shareholders through its diversified business operations.

The company operates in three diversified business lines:

• Real Estate Investment Trust
• Investment in real estate properties
• Property management and advisory services

Morguard's diversified portfolio consists of office buildings, industrial, retail houses, multi-suite residential properties and hotels across North America.

The Canadian company operates through two publicly listed REITs:

• Morguard REIT
• Morguard North American Residential REIT

 

Morguard REIT (TSX: MRT.UN) is a closed-end trust that owns a portfolio of diversified commercial real estate assets and properties in Canada.

An open-ended unincorporated trust, Morguard North American Residential REIT (TSX: MRG.UN), owns a multi-suite residential asset portfolio across North America.

The company also specializes in fixed-income securities and publicly traded equities.

As of March 31, 2021, the real estate firm claims to have total assets under management worth $19.2 billion. In addition, it owns $12.6 billion worth of properties under the real estate portfolio.

The company owns over 18,500 residential suites and commercial properties in Canada and the United States. In addition, the hotel portfolio comprises of over 37 high-quality properties located in Nova Scotia, British Columbia, and Northwest Territories.

Morguard Corporation claims that its team assists in repositioning, redeveloping, and remerchandising the asset management strategies.

Through an active property pipeline, the company aims to seek profitable opportunities for acquisitions and developments.

The Canadian company also provides property management services and real estate advisory services to various retail, commercial and institutional clients.

 

The real estate developer also manages the leasing lifecycle by focusing on local markets to drive higher occupancy with optimized rental rates.

Morguard Corporation manages equities and fixed income securities through Lincluden Investment Management.

The real estate firm also provides leasing services for commercial, industrial, retail, office, retail specialty, residential and hotels.

The Canadian company’s industrial leasing portfolio comprises 80 million square feet area that includes several distribution facilities, showcase facilities, manufacturing facilities, and flex facilities.

The real estate-focused firm claims to own regional, local, mixed-use, super-regional, and development properties in over 63 United States and Canadian communities.

The firm regularly uploads financial reports, investor resources and real estate related information on its official website.