Latest news with #Morguard
Cision Canada
7 days ago
- Business
- Cision Canada
St. Laurent Shopping Centre Transforming the Retail Experience in Ottawa
OTTAWA, ON, July 24, 2025 /CNW/ - Morguard ("Morguard") (TSX: MRC) is excited to announce a series of revitalization efforts, new store openings, and digital enhancements at St. Laurent Shopping Centre, which are set to roll out throughout 2025. As one of Ottawa's premier retail destinations, these updates reflect Morguard's commitment to in-person shopping, community connection, and delivering a dynamic experience for visitors. In early August, Sephora will launch an impressive new build in the Centre's fashion corridor. Adding to the excitement, St. Laurent will introduce a first-to-Ottawa flagship concept that combines Bikini Village and La Vie en Rose into a newly renovated and integrated dual-storefront space. This innovative layout will bring a modern and seamless shopping experience to local consumers. The opening of the flagship store concept is slated for August. Later this fall, H&M will open a brand-new large-format store offering both home and fashion collections. These additions join a diverse tenant mix that already includes popular retailers such as Browns, Lush, Bath & Body Works, Aldo, Roots, and more. "As brands continue to invest in physical retail, we are proud to bring new concepts and elevated experiences to the community," said Amy Rozario, General Manager, St. Laurent Shopping Centre. "This transformation goes beyond retail and reflects our broader strategy to create an energetic destination for the Ottawa community while offering a variety of experiences." To further enhance the experience, St. Laurent is expanding its digital presence with web features such as: The ShopList, an AI-driven guided product discovery tool that enhances the way shoppers search for local products along with the installation of large-format media screens throughout the property. A new screen at Entrance 1 will anchor the upgrades, offering vibrant promotional displays and community-focused content. St. Laurent is also proud to continue its investment in local partnerships. Collaborations with Atlético Ottawa soccer team, Ottawa Festivals, and other community organizations will bring engaging programs and events to the Centre throughout the year. With free parking and a convenient central location, St. Laurent remains a key destination for residents and visitors. "St. Laurent Centre has long played an important role in our portfolio, and we are pleased to see its ongoing growth and innovation," said John Ginis, Vice President, Asset Management, Morguard. "As we continue to develop, own and manage a wide range of properties in Ottawa and across the country, these investments into enhancing the Centre will elevate it as a vibrant community hub and priority destination." For more information about St. Laurent Shopping Centre, visit About St. Laurent Centre: Centrally located in the City of Ottawa with visibility and direct access onto Highway 417, Ottawa's major east-west route, St. Laurent is an approximately 870,000 square foot regional shopping centre which welcomes 7.5 million visitors annually. St. Laurent has over 175 stores, a strong tenant mix of national, regional and independent retailers such as: Sport Chek, Toys "R" Us, H&M, Sephora, Bath & Body Works, GoodLife Fitness, Deserres, and a highly trafficked food court. St. Laurent is a destination for two national post-secondary institutions, Willis College and Herzing College, and a national large format office use. The centre is well-located on Ottawa's Light Rail Train (LRT) which offers connectivity from Ottawa to Montreal. About Morguard Corporation Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $18.7 billion. This year, Morguard proudly celebrates 50 years of leadership, innovation, and growth in the real estate industry.
Yahoo
24-06-2025
- Business
- Yahoo
Morguard Rings TSX Closing Bell to Commemorate 50 Years of Excellence
MISSISSAUGA, ON, June 24, 2025 /CNW/ - Morguard ("Morguard") (TSX: MRC) marked a major milestone in the company's history, closing the market at the Toronto Stock Exchange (TSX) in celebration of 50 years since the establishment of Morguard Investments Limited and more than 60 years since the company's original TSX listing. Angela Sahi, President and Chief Operating Officer, Morguard, joined Dani Lipkin, Managing Director, Global Innovations Sector, TSX, and a group of Morguard employees to ring the closing bell at the TSX Market Centre at 120 Adelaide Street West in Toronto on June 20, 2025. The event recognized Morguard's decades-long leadership in North American real estate and its enduring commitment to value creation, operational excellence, and community impact. "It was an honour to ring the closing bell at the Toronto Stock Exchange in celebration of this important milestone," said Angela Sahi. "Each and every Morguard employee should be proud of what we have accomplished over the past five decades and the positive momentum we continue to build. As we look to the future, we remain committed to creating value for our stakeholders and leading with purpose in a constantly evolving real estate landscape." Morguard has consistently demonstrated strength across its asset classes, including residential, retail, office, industrial, and hotel properties. The company has expanded its diverse portfolio through key acquisitions and developments, while advancing our strategy of creating asset strength and long-term value, and commitment to stability and resilience. Morguard was listed on the TSX in 1962 as Acklands Limited. After shifting toward real estate in the 1990s, the company was renamed Morguard Corporation in 2002 to reflect its focus on real estate. Morguard Investments Limited, incorporated in 1975 as a real estate management and advisory firm, later became a core part of Morguard Corporation's integrated structure. The 50-year anniversary commemorates its establishment as a key driver of the company's growth and operations. A video of the ceremony is now available on TMX Group YouTube channel and Morguard's website. Pictures from the event will be available on Morguard's social channels. About Morguard Corporation Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $18.7 billion. This year, Morguard proudly celebrates 50 years of leadership, innovation, and growth in the real estate industry. For more information, visit or follow us on LinkedIn and Instagram. SOURCE Morguard Corporation View original content to download multimedia:
Cision Canada
24-06-2025
- Business
- Cision Canada
Morguard Rings TSX Closing Bell to Commemorate 50 Years of Excellence
MISSISSAUGA, ON, June 24, 2025 /CNW/ - Morguard ("Morguard") (TSX: MRC) marked a major milestone in the company's history, closing the market at the Toronto Stock Exchange (TSX) in celebration of 50 years since the establishment of Morguard Investments Limited and more than 60 years since the company's original TSX listing. Angela Sahi, President and Chief Operating Officer, Morguard, joined Dani Lipkin, Managing Director, Global Innovations Sector, TSX, and a group of Morguard employees to ring the closing bell at the TSX Market Centre at 120 Adelaide Street West in Toronto on June 20, 2025. The event recognized Morguard's decades-long leadership in North American real estate and its enduring commitment to value creation, operational excellence, and community impact. "It was an honour to ring the closing bell at the Toronto Stock Exchange in celebration of this important milestone," said Angela Sahi. "Each and every Morguard employee should be proud of what we have accomplished over the past five decades and the positive momentum we continue to build. As we look to the future, we remain committed to creating value for our stakeholders and leading with purpose in a constantly evolving real estate landscape." Morguard has consistently demonstrated strength across its asset classes, including residential, retail, office, industrial, and hotel properties. The company has expanded its diverse portfolio through key acquisitions and developments, while advancing our strategy of creating asset strength and long-term value, and commitment to stability and resilience. Morguard was listed on the TSX in 1962 as Acklands Limited. After shifting toward real estate in the 1990s, the company was renamed Morguard Corporation in 2002 to reflect its focus on real estate. Morguard Investments Limited, incorporated in 1975 as a real estate management and advisory firm, later became a core part of Morguard Corporation's integrated structure. The 50-year anniversary commemorates its establishment as a key driver of the company's growth and operations. A video of the ceremony is now available on TMX Group YouTube channel and Morguard's website. Pictures from the event will be available on Morguard's social channels. About Morguard Corporation Morguard Corporation is a major North American real estate and property management company. It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $18.7 billion. This year, Morguard proudly celebrates 50 years of leadership, innovation, and growth in the real estate industry.
Globe and Mail
20-06-2025
- Business
- Globe and Mail
Morguard North American: Top 10 Undervalued REITs Industry Stocks (MRG-UN)
Morguard North American is now ranked among the top 10 undervalued stocks in the REITs industry on the Toronto Stock Exchange or TSX Venture Exchange. A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company Valuation methodology provided by Stockcalc (see below) REITs: Self-administered real estate investment trusts engaged in the development, acquisition, management, and disposition of healthcare properties, including long-term-care facilities, acute-care and rehab hospitals, psychiatric facilities, and substance-abuse centers. Stocks in this category are held primarily for capital appreciation. Symbol Name Close Price ($) Valuation ($) Difference Average Vol (30D) Market Cap ($M) Yield (%) P/E Ratio HOT-U American Hotel Inc Props 0.31 0.73 0.42 (136.3%) 1147 24.4 0.0 0.0 MPCT-UN Dream Impact 2.71 4.83 2.12 (78.3%) 10071 49.8 0.0 0.0 HOT-UN American Hotel Inc Props 0.44 0.74 0.30 (69.2%) 67496 34.6 0.0 0.0 MAR-UN Marwest Apartment 0.79 1.32 0.53 (67.3%) 2449 7.2 2.0 0.7 ERE-UN European Residential 2.53 3.17 0.64 (25.4%) 160689 594.1 5.6 0.0 PINE-UN Pine Trail 0.03 0.04 0.01 (24.5%) 4047 1.1 0.0 26.4 MHC-UN Flagship Communities 24.95 31.01 6.06 (24.3%) 1668 484.1 3.4 3.5 SGR-U Slate Grocery 10.89 13.39 2.50 (22.9%) 848 657.6 7.9 16.5 MRG-UN Morguard North American 18.25 22.00 3.75 (20.6%) 29272 651.7 4.1 5.7 NET-UN Canadian Net 5.39 6.32 0.93 (17.2%) 11941 111.0 6.4 6.9 All data provided as of June 20, 2025. The list is sorted by stocks with the greatest percentage difference between valuation and price. Morguard North American Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. It acquires, develops, owns and manages multi-suite residential, commercial and hotel properties and serves as a real estate investment advisor and management company. The REIT operates into two reportable segments, Canada and the United States. Morguard North American is listed under MRG-UN on the Toronto Stock Exchange. Stockcalc StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs. Stockcalc valuations ( can help determine if a stock is undervalued. Stockcalc's Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including: Discounted Cash Flow (DCF) Price & Other Comparables Multiples Adjusted Book Value (ABV) Analyst Consensus
Globe and Mail
16-06-2025
- Business
- Globe and Mail
Morguard Real Estate Investment Trust Declares June 2025 Distribution of 2 Cents per Unit
MISSISSAUGA, ON , June 16, 2025 /CNW/ - Morguard Real Estate Investment Trust (the "Trust") (TSX: today announced that it has declared a distribution of 2 cents per unit for the month of June 2025. The distribution will be payable on July 15, 2025 to unitholders of record as at June 30, 2025 . About Morguard Real Estate Investment Trust The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 45 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8.1 million square feet of leasable space. For more information, please visit
