Morguard Corp. (MRC) 2020年年度报告「TSX」.pdf

1、APPRECIATION OVER TIME MORGUARD CORPORATION2020 ANNUAL REPORTThe selected annual financial information in the 2020 Annual Report highlights certain key metrics for Morguard Corporation(the“Company”).As a result,this report should be read in conjunction with the Companys audited consolidated financia

2、l statements for the year ended December 31,2020,related Managements Discussion and Analysis(MD&A)and the Annual Information Form(AIF).These documents are available on the Companys website at .All continuous disclosure documents required by securities regulators are also filed on the System for Elec

3、tronic Document Analysis and Retrieval(SEDAR)and can be accessed electronically at .NON-IFRS MEASURES The Companys consolidated financial statements are prepared in accordance with International Financial Reporting Standards(IFRS).The following measures,net operating income(NOI),comparable NOI,funds

4、 from operations(FFO)and normalized FFO(NFFO)(collectively,the“non-IFRS measures”)as well as other measures discussed elsewhere in this Annual Report,do not have any standardized meaning prescribed by IFRS and are not necessarily comparable to similar measures presented by other reporting issuers in

5、 similar or different industries.The Company uses these measures to better assess the Companys underlying performance and financial position and provides these additional measures so that investors may do the same.Details on non-IFRS measures are set out in the Companys MD&A for the year ended Decem

6、ber 31,2020 and are available on the Companys profile on SEDAR at .ON THE COVER:THE HEATHVIEW,TORONTO,ONHistory has shown that real estate outperforms the market over time.Thats why,during periods of market fluctuation and volatility,we keep our eye on value and look to maximize the strength of our