1、Annual ReportCreating asset strength and long-term valueMorguard Corporation Morguard 55 City Centre Drive,Suite 1000 Mississauga,ON L5B 1M3 905-281-3800 MCT-JM1-0147-CC1 MRC Cover.indd 1-3CT-JM1-0147-CC1 MRC Cover.indd 1-32025-03-12 10:06 AM2025-03-12 10:06 AMTelus Garden,Vancouver,BC Telus Garden
2、in Vancouver is a key addition to our portfolio,combining stunning architecture,high-end amenities and sustainable design.This premier Class AAA office building is a model for transformational projects,and a jewel in the citys revitalized eastside on West Georgia.Built in 2016,the 24-storey building
3、 earned Zero Carbon Building Certified(ZCB-Performance),underscoring our commitment to environmentally-responsible investments.557,500 SF,LEED Platinum,BOMA Best PlatinumK.Rai Sahi Chairman&CEO12024 Annual ReportThis past year reinforced Morguards strength,showing solid performance across our reside
4、ntial,office and retail portfolios.We also advanced key strategic initiatives,like bolstering our balance sheet by divesting our hotel portfolio,and acquiring joint ownership in a premier Class AAA building.Our disciplined approach and unwavering focus create enduring value.ContentsAbout Morguard Co
5、rporation 02Leadership Perspective:Elevating Our Portfolio 06Shaping Sustainable Urban Landscapes 10Leadership in Residential 12Distinctive Retail Experiences 14Office&Industrial:Stability&Opportunity 16Creating Value Through Sustainability 18Promoting Youth Mental Health Across Canada 192024 Financ
6、ial Highlights 202024 Real Estate Portfolio 261The Bay Club,Toronto,ON With a shortage of housing supply and rising demand,high-quality urban properties have strong growth potential.This rental residence at Bay and Wellesley,in the heart of the city,features spacious suites,well appointed amenities,