R
evenue for Morguard Real Estate Investment Trust (TSX:MRT.UN) fell 6.9% to CA$60.3m in the latest quarter, compared to the same period last year. The company's net loss narrowed by 68%, from CA$11.7m to CA$0.18 per share. This represents a significant improvement from the CA$0.57 loss per share reported in the previous quarter.
Looking ahead, revenue is forecast to remain flat over the next two years, which is lower than the expected 6.2% growth for the Canadian REITs industry as a whole. The company's shares have declined by 2.3% over the past week.
We've identified one warning sign for investors considering Morguard Real Estate Investment Trust. If you're interested in learning more about this stock or would like to provide feedback on our article, please get in touch with us directly or email [email protected].
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