Morguard REIT is a closed-end trust which owns a diversified real estate portfolio of 49 commercial properties spanning across 8.7 million square feet of gross leasable area located in six Canadian provinces.
Morguard REIT’s portfolio can be broadly classified into retail (51% of net operating income), office (46%) and industrial (3%) properties. Morguard focuses on well-located, high-quality office properties in major urban centers, shopping malls, community shopping centers, and industrial properties.
The REIT is also strengthening its portfolio by focusing on a number of development and leasing initiatives within its properties and continues to maintain high occupancy rates. The Trust has the opportunity to increase rental rates on lease maturity where the current contract rent is less than the going market rate.