morguard north american residential reit

​Morguard North American Residential REIT is a publicly traded open-ended real estate investment trust, created following an initial public offering in April 2012 (TSX: MRG.UN). The REIT was formed to own multi-unit residential rental properties across Canada and the United States. Its initial properties included interests in more than 5,400 residential units. Today, its portfolio consists of 12,850 residential suites located in Ontario, Alberta, Alabama, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas with an IFRS value of $1.7 Billion (as of March 31, 2014).   

Objectives of the Trust

The Morguard North American Residential REIT has three primary objectives: 

(i) Generate stable and growing cash distributions to Unitholders on a tax-efficient basis

(ii)  Enhance the value of the REIT's assets and maximize long-term value of the Units through active asset and property management

(iii)  Expand the asset base of the REIT and increase AFFO per Unit primarily through acquisitions and improvement of its properties through targeted and strategically deployed capital expenditures

Benefits

Morguard REIT distributes to its Unitholders a significant percentage of its distributable income on a tax deferred basis. At the end of each calendar year, the REIT may also distribute any net capital gains realized from dispositions.
 

© 2014 Morguard   Site Map  Legal Disclaimer   Privacy Policy   Accessibility (AODA) Policy
Morguard, the Morguard logo, and the M design are registered in the U.S. Patent and Trademark Office and are registered Canadian trademarks
Follow Morguard    Morguard on LinkedIn Morguard on Vimeo Morguard on LinkedIn RSS Feeds Email Alerts