Morguard North American Residential REIT Q2 FFO per unit falls to $0.42

• Morguard North American Residential REIT posted Q2 2026 NOI of $54.2 million, down 4.7%; net income fell 13% to $26.1 million.
• FFO per unit slipped to $0.42 from $0.47; basic FFO declined 11.1% to $22 million.
• Liquidity totaled $304 million, including $204 million cash; indebtedness-to-gross-book-value ratio rose to 40% from 39.5%.
• REIT plans to co-invest about $1 billion with Morguard for a 20% interest in a TDAM residential portfolio valued at about $5 billion.
• Repaid a $12.3 million (US$8.6 million) Louisiana mortgage on July 1; the loan carried a 3.53% rate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morguard Corporation published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.