Morguard Real Estate Inv. (TSE:MRT.UN) Releases Quarterly Earnings Results

Morguard Real Estate Inv. (TSE:MRT.UN) posted its quarterly earnings results on Wednesday. The company reported C$0.09 EPS for the quarter, FiscalAI reports. Morguard Real Estate Inv. had a negative net margin of 41.19% and a negative return on equity of 10.91%. The business had revenue of C$60.05 million for the quarter.

Morguard Real Estate Inv. Trading Up 0.5%

Morguard Real Estate Inv. stock opened at C$6.59 on Thursday. The company’s fifty day simple moving average is C$6.54 and its 200-day simple moving average is C$6.30. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. Morguard Real Estate Inv. has a 12 month low of C$5.47 and a 12 month high of C$6.99. The stock has a market cap of C$438.91 million, a P/E ratio of -26.36 and a beta of -0.02.

About Morguard Real Estate Inv.

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.