Morguard Corporation Announces Investment Grade Credit Rating Upgrade to BBB (Low) by Morningstar DBRS

About this update from Morguard North American Residential Real Estate Investment Trust

[{"type":"text","content":"\n\n\nMorguard Corporation Announces Investment Grade Credit Rating Upgrade to BBB (Low) by Morningstar DBRS\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nMISSISSAUGA, ON, April 15, 2026 /CNW/ - Morguard Corporation (\"Morguard\") (TSX: MRC) today announced that Morningstar DBRS has upgraded the Company's issuer rating and senior unsecured debentures rating to BBB (low), stable trend from BB (high), positive trend.\nThe upgrade to investment grade reflects Morguard's continued focus on strengthening its balance sheet, maintaining financial flexibility, and generating stable cash flows from its diversified real estate portfolio and asset management platform.\"This upgrade to investment grade is an important milestone for Morguard and reflects the continued strengthening of our business and financial profile,\" said Angela Sahi, President and Chief Executive Officer. \"We remain focused on disciplined growth and long-term value creation.\"Over the past several years, Morguard has undertaken a series of initiatives to enhance its financial profile, including capital recycling, disciplined investment, and a continued focus on liquidity and balance sheet strength.As part of this effort, Morguard has completed or announced approximately $770 million of asset dispositions over the past three years, with the majority of proceeds directed toward the repayment of indebtedness. These actions reflect a deliberate repositioning of the Morguard's financial profile and have positioned Morguard to navigate market cycles while maintaining flexibility to pursue strategic opportunities.\"Achieving investment-grade status enhances our access to capital and supports a lower cost of financing over time,\" said Paul Miatello, Chief Financial Officer. \"This milestone reflects a series of deliberate actions we have executed over the past several years to reposition and strengthen our balance sheet, enhance financial flexibility, and actively manage capital allocation and leverage in support of the Morguard's long-term strategy.\"Morguard's enhanced financial flexibility a...

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