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Morguard Real Estate Investment Trust First Quarter 2023 Earnings: FFO per share: CA$0.3 (vs CA$0.23 in 1Q 2022)

Morguard Real Estate Investment Trust (TSE:MRT.UN) First Quarter 2023 Results

Key Financial Results

  • Revenue: CA$65.4m (up 5.6% from 1Q 2022).

  • Funds from operations (FFO): CA$16.3m (up 8.8% from 1Q 2022).

  • FFO margin: 25% (in line with 1Q 2022).

  • FFO per share: CA$0.3 (up from CA$0.23 in 1Q 2022).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Morguard Real Estate Investment Trust shares are down 4.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Morguard Real Estate Investment Trust you should be aware of, and 1 of them is a bit concerning.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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