1、morguard corPoraTIoN 2011 aNNual rePorT“ThIs was our year.a year of growTh aNd record resulTs.a year ThaT seTs The sTage for more success To come.”morguard corPoraTIoN 2011 aNNual rePorTCJ26336 Cover.indd 112-03-28 2:46 PMKEY METRICSOur strOng capital investment prOgram,Our high-quality revenue-prOd
2、ucing assets,Our sOund balance sheet and Our innOvative prOducts and services were the clear drivers behind the years recOrd results.OvERvIEw$11.4B In OwnEd and ManagEd aSSETS 54M sq.ft.OF HIgH-QUaLITY PROPERTIES 12,600 MULTI-UnIT RESIdEnTIaL SUITES$885M In dEvELOPMEnT PROJECTS UndER waY OR In PLann
3、Ing437 PROPERTIES UndER ManagEMEnT4,400+COMMERCIaL TEnanTS 1,330 EMPLOYEES 58 leed or BoMA CERTIFIEd BUILdIngS 14 IndUSTRY awaRdS In 2011CJ26336 Cover.indd 212-03-26 9:54 PM 17.3%IN FUNDS FROM OPERATIONS PER SHAREPORTFOLIO DIVERSIFICATIONRECORD RESULTS$1.7B$1.7BINDUSTRIAL$3.3BOFFICE$409M IN PROPERTY
4、 PURCHASES IN 2011OWNED AND MANAGED 5.2%IN NET OPERATING INCOME 13.6%IN OWNED ASSETS 56.4%IN SHARE PRICE INCREASERESIDENTIAL 7.5%IN TOTAL REVENUERETAIL$4.7B2Morguard Corporation 2011 Annual Report CHAIRMANS MESSAGEK.(RAI)SAHICHAIRMAN AND CHIEF EXECUTIVE OFFICERThe year 2011 was one of rewarding achi
5、evements for Morguard Corporation achievements that directly flow from our years of hard work and planning,our dedication to building a portfolio of high-quality assets and our never-ending commitment to maintaining a strong balance sheet.The bottom line:We attained record financial performance righ
6、t across the Company.Our assets continued to generate revenue growth,our capital investment program acquired exciting new properties,our service offerings produced strong results and our business relationships proved pivotal in achieving important goals.The powerful combination of Morguards people,a