Morguard Real Estate Trust traded at 5.31 this Tuesday April 9th, decreasing 0.02 or 0.38 percent since the previous trading session. Looking back, over the last four weeks, Morguard Real Estate lost 0.75 percent. Over the last 12 months, its price fell by 3.63 percent. Looking ahead, we forecast Morguard Real Estate Trust to be priced at 5.18 by the end of this quarter and at 4.81 in one year, according to Trading Economics global macro models projections and analysts expectations.
Morguard Real Estate Investment Trust (the Trust) is a Canada-based closed-end trust. The Trust's objective is to accumulate a Canadian portfolio of real estate assets and then manage the portfolio to generate steady, dependable returns to unitholders. It owns a real estate portfolio of approximately 50 commercial properties consisting of approximately nine million square feet of gross leasable area located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The retail portfolio includes two categories of properties: enclosed full-scale, regional shopping centers that are dominant in their respective markets, and neighborhood and community shopping centers that are primarily anchored by food retailers, discount department stores and banking institutions. The Trust's office portfolio is focused on properties in Canadian urban centers. Its property portfolio comprises approximately 30 office and industrial properties, and over 20 retail properties.