Morguard Real Estate Investment Trust Second Quarter 2024 Earnings: CA$0.03 loss per share (vs CA$0.028 loss in 2Q 2023)
Morguard Real Estate Investment Trust (TSE:MRT.UN) Second Quarter 2024 Results
Key Financial Results
- Revenue: CA$64.0m (up 2.7% from 2Q 2023).
- Net loss: CA$2.23m (loss widened by 22% from 2Q 2023).
- CA$0.03 loss per share (further deteriorated from CA$0.028 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Morguard Real Estate Investment Trust Earnings Insights
Looking ahead, revenue is expected to decline by 4.7% p.a. on average during the next 2 years, while revenues in the REITs industry in Canada are expected to grow by 2.1%.
Performance of the Canadian REITs industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Morguard Real Estate Investment Trust (1 is a bit unpleasant!) that you should be aware of.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About TSX:MRT.UN
Morguard Real Estate Investment Trust
The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 46 retail, office and industrial income producing properties in Canada with a book value of $2.3 billion and approximately 8.2 million square feet of leasable space.
Moderate growth potential and slightly overvalued.
