Morguard Corp. (MRC) 2014年年度报告「TSX」.pdf

1、MORGUARD CORPORATION2014 ANNUAL REPORTMANAGING FOR GROWTHMORGUARD CORPORATIONMorguard Corporation is a real estate operating company listed on the Toronto Stock Exchange(TSX)under the symbol MRC.At December 31,2014,the Companys owned and managed real estate portfolio was valued at$15.0 billion.Morgu

2、ards primary business strategy is to create shareholder value through stable and increasing cash flow and asset value.This is achieved by improving the performance of the real estate portfolio and by acquiring and developing real estate properties in sound economic markets.The Company has three dive

3、rsified lines of business:Investments in Real Property:Morguard owns a diversified portfolio of high-quality multi-unit residential,retail,office and industrial,and hotel properties in North America.Real Estate Investment Trusts:Morguard owns a significant interest in two real estate investment trus

4、ts(REITs):Morguard REIT(TSX:MRT.UN),a closed-end Trust with a diversified portfolio of Canadian commercial real estate assets;and Morguard North American Residential REIT (TSX:MRG.UN),an open-end Trust with a diversified portfolio of multi-unit residential assets across North America.Advisory and In

5、vestment Services:Morguard provides real estate advisory services and portfolio management services,specializing in publicly traded equities and fixed-income securities,to institutional clients and private investors.On our cover:Performance Court,Ottawa,ONOur core strength is real estate and our sha

6、reholders and clients continue to benefit from our proven management platform,strong cash flow,and a conservatively leveraged balance sheet.We are extremely proud of our performance in 2014.The following pages speak about many of our important strategic,operational and financial accomplishments duri