Morguard Q2 FY26 net income rises 61.6% to $88.6 million; revenue falls 1% to $277.7 million

Reuters2026/08/05 22:18

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Morguard posted Q2 net income of $88.6 million, up 61.6%, on revenue of $277.7 million, down 1%.
Normalized FFO (non-GAAP) slipped 4.4% to $53.5 million, or $5.01 per share; revenue from real estate properties fell 1.4% to $253.1 million.
Liquidity totaled $681 million, with $1.1 billion of unencumbered properties and other investments; shareholders’ equity per share rose to $431.59.
Issued $250 million of 4.307% Series J senior unsecured debentures due 2029, redeeming $175 million of 9.500% Series H debentures.
Binding deal to sell an Ottawa office leasehold for $148.2 million, closing Aug. 31; declared a $0.20 per-share eligible dividend payable Sept. 29.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morguard Corporation published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Morguard Q2 FY26 net income rises 61.6% to $88.6 million; revenue falls 1% to $277.7 million

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