Morguard REIT (MRT.UN)
Morguard Real Estate Investment Trust is a closed-ended trust listed on the Toronto Stock Exchange (TSX) under the symbol MRT.UN. The Trust had total assets of $3.0 billion as at March 31, 2015.
The mandate of the Trust is to accumulate a Canadian portfolio of high-quality real estate assets – then actively manage the portfolio to generate steady, dependable returns for Unitholders, through a stable and increasing cash flow. This offers the potential for long-term capital appreciation.
The Trust owns a diversified real estate portfolio (excluding properties held for sale) of 49 commercial properties consisting of approximately 8.6 million square feet of gross leasable area located in six provinces. The real estate portfolio primarily includes well-located, high-quality office properties in major urban centres, large enclosed full-scale regional shopping malls that are dominant in their respective markets, neighbourhood and community shopping centres and a small group of industrial properties.