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Morguard Real Estate Investment Trust Announces 2017 Second Quarter Results
Morguard Real Estate Investment Trust Announces 2017 Second Quarter Results Canada...
About this update from Morguard Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nMorguard Real Estate Investment Trust Announces 2017 Second Quarter Results\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.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbtb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMISSISSAUGA, ON, Aug. 2, 2017\n\n\n\nMISSISSAUGA, ON, Aug. 2, 2017 /CNW/ - Morguard Real Estate Investment Trust (\"the Trust\") (TSX: MRT.UN) today is pleased to announce its financial results for the three and six months ended June 30, 2017.  These results have been prepared in accordance with International Financial Reporting Standards (\"IFRS\"). \n\nDuring the quarter ended June 30, 2017, the Trust completed three development projects, bringing 137,000 square feet of leasable area onstream.\n\nAll three of these projects are now generating revenue.\n\nAt Parkland Mall in Red Deer, Alberta, the project to introduce Goodlife Fitness into the mall completed and brought 87,500 square feet of leasable area back onstream, including 52,000 square feet of new area.  As at June 30, 2017, this project was 86.3% occupied.\n\nAt Shoppers Mall in Brandon, Manitoba, the Trust's $7.1 million project to remerchandise the former Safeway space completed and brought 37,500 square feet of leasable area back onstream.  As at June 30, 2017, this area was 64.0% occupied with an additional 22.9% committed.\n\nAt The Centre in Saskatoon, Saskatchewan, a portion (12,000 square feet) of the former Target Canada Corporation space is now 100.0% occupied.\n\nThe Trust's fully diluted FFO for the three months ended June 30, 2017, ...