TSX:MRG.UNResidential REITs
Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) Stock Faces FFO Erosion Despite Solid Liquidity
The market continues to mark Morguard North American Residential Real Estate Investment Trust slightly lower, with the unit price down roughly 3% over the past week. Yet the latest quarter tells a more nuanced story. The headline is pressure on the core real estate metric. Funds From Operations per unit came in at CA$0.42, below last year, as higher vacancy and operating costs weighed on income despite solid average monthly rent levels in both Canada and the United States.
Is Morguard North...