Morguard Real Estate Investment Trust reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 62.51 million compared to CAD 61.13 million a year ago. Net loss was CAD 39.67 million compared to CAD 58.28 million a year ago. Basic loss per share from continuing operations was CAD 0.62 compared to CAD 0.91 a year ago. Diluted loss per share from continuing operations was CAD 0.62 compared to CAD 0.91 a year ago.
For the nine months, sales was CAD 189.22 million compared to CAD 182.97 million a year ago. Net loss was CAD 46.65 million compared to net income of CAD 9.28 million a year ago. Basic loss per share from continuing operations was CAD 0.73 compared to basic earnings per share from continuing operations of CAD 0.14 a year ago. Diluted loss per share from continuing operations was CAD 0.73 compared to diluted earnings per share from continuing operations of CAD 0.14 a year ago.