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Morguard Corporation (TSX:MRC) Reports 312% Surge in Net Income for FY24, Maintains Optimistic Outlook for 2025

Tue 04 Mar 25, 07:22 AM | Team Kalkine

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Highlights

Morguard Corporation (TSX:MRC) is a real estate company that acquires, owns, and develops properties in Canada and the United States.

In the fiscal year 2024 (FY24), Morguard Corporation reported a net operating income (NOI) of CAD 566.9 million, a 4.8% decline from the CAD 595.4 million recorded in FY23. This drop was primarily due to a lower contribution from hotel properties, alongside higher property operating costs and realty taxes.

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