Morguard Q3 net income jumps to C$44 mln

Morguard

05/11/2025 22:39

Overview

Net income for Q3 2025 rises to C$44 mln, primarily due to lower income tax provision

Normalized FFO for Q3 2025 increases 3.2% to C$55.4 mln

Outlook

Company did not provide specific guidance for future quarters or years

Result Drivers

PROPERTY TAX REFUNDS - Adjusted NOI increase due to higher non-recurring property tax refunds and increased AMR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
C$44 mln
Q3 Normalized Funds from Operations
C$55.40 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy."

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nCNWHNpXza

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)