Morguard Q3 Net Income More Than Doubles to $96.4 Million

Bitget2026/11/04 21:57

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Morguard's third-quarter net income more than doubled year over year to $96.4 million, primarily due to higher non-cash net fair value gains.
Revenue rose to $287.09 million, while management and advisory fees climbed 42% to $13.88 million year over year.
The joint residential acquisition covers 91 properties for approximately $1.1 billion, with closing subject to CMHC and lender approval.

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 via CNW (Ref. ID: 202611041615CANADANWCANADAPR_C4733) on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Morguard Q3 Net Income More Than Doubles to $96.4 Million

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