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North American commercial real estate has spent the past several years adjusting to a capital environment that moved faster than the long-cycle assumptions most property operators built around.
Against that backdrop, Morguard has reported revenue of CAD $277.65 million and GAAP earnings per share of CAD $7.93.
The figures give investors a data point from within a sector still working through the downstream effects of a rate adjustment that has yet to fully resolve.
The reported numbers Morguard recorded GAAP earnings per share of CAD $7.93 on top-line revenue of CAD $277.65 million.
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