Morguard Real Estate Investment Trust (Morguard REIT) is a Canadian closed-end real estate investment trust that focuses on acquiring, owning, and actively managing a diversified portfolio of commercial real estate assets. The trust's portfolio consists of 45 commercial properties encompassing approximately 8.1 million square feet of gross leasable area across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec. Its asset mix is diversified across retail, office, and industrial properties, with a significant emphasis on well-located office buildings in major urban centers and large, enclosed full-scale regional shopping malls that dominate their respective markets. The REIT is externally managed by its parent company, Morguard Corporation, which holds a majority ownership stake in the trust. Morguard REIT generates revenue primarily through rental income from its commercial tenants, aiming to provide unitholders with stable and increasing cash flows while maintaining a conservative leverage profile.
