Morguard North American Residential Real Estate Investment Trust

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Oct 29, 2024

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• Press Release: Morguard North American Residential REIT Announces 2024 Third Quarter Results and an Increase to Monthly Cash Distribution, from 4:10PM ET on Tuesday Oct 29, 2024 by Dow Jones

  4:10PM ET on Tuesday Oct 29, 2024 by Dow Jones
  Companies Mentioned: MRG.UN

• Morguard North American Residential REIT Announces 2024 Third Quarter Results and an Increase to Monthly Cash Distribution, from 4:10PM ET on Tuesday Oct 29, 2024 by Dow Jones

  4:10PM ET on Tuesday Oct 29, 2024 by Dow Jones
  Companies Mentioned: MRG.UN
  
  FFO payout ratio compares distributions declared (including Class B LP Units) to FFO. Distributions declared (including Class B LP Units) is calculated based on the monthly distribution per Unit multiplied by the weighted average number of Units outstanding (including Class B LP Units) during the period and is an important metric in assessing the sustainability of retained cash flow to fund capital expenditures and distributions. FFO payout ratio is presented in this earnings release because management considers this non-GAAP ratio to be an important measure of the REIT's operating performance and financial position.