Morguard North American REIT Third-Quarter FFO Falls 11.6% YoY

04:37 PM EDT, 10/27/2026 (MT Newswires) -- Morguard North American REIT (MRG-UN.TO) said Tuesday after trade that its third-quarter funds from operations (FFO) fell 11.6% to CA$0.38 per unit, from CA$0.43 per unit, in the prior year period. Analysts polled by FactSet had expected FFO of CA$0.40 per unit. Revenue edged up to CA$88.9 million, from CA$87.7 million over the same period and slightly above the CA$88.67 million that was forecast. The REIT also increased its cash distribution by CA$0.02 per unit, to CA$0.81 per unit annualized. The new distribution of CA$0.0725 will be payable in December. Morguard units closed up CA$0.07 at CA$14.53 on the Toronto Stock Exchange.