Morguard REIT is a publicly traded closed-ended trust whose units are traded on the Toronto Stock Exchange (TSX: MRT.UN). Morguard REIT offers unitholders the opportunity to participate in a diversified portfolio of Canadian commercial real estate assets that generates stable and reliable cash flow while holding the opportunity for long-term capital appreciation. Morguard REIT’s portfolio consists of 54 retail, office and mixed-use properties in Canada with a book value of $2.7 Billion and approximately 9.1 Million square feet of leasable space (as of December 31, 2012).
Morguard REIT has a strong, experienced management team, assisted by property management and leasing services provided by Morguard Investments Limited. Through its prudent and financially conservative investment policy and geographic and product diversification, Morguard REIT offers investors a unique opportunity to participate in a diverse portfolio of Canadian real estate assets.
Objectives of the Trust
The Morguard REIT has two primary objectives:
(i) To provide Unitholders with stable cash distributions on a monthly basis and tax deferred from investments in a diversified portfolio of income-producing real properties.
(ii) To improve and maximize Unit value through the ongoing management of the Trust's assets, future acquisitions and the development of additional income-producing real properties.
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.