Morguard Real Estate Investment Trust became the first Canadian REIT to cut its distribution a second time since the pandemic began, but executives said they had no choice. The Toronto-based company needs the cash to ensure liquidity.
Morguard REIT Announces Its Second Pandemic Distribution Cut
Toronto-Based Landlord Halves Dividend To Ensure Liquidity With No Immediate Recovery in Sight
By Garry Marr
CoStar News
February 19, 2021 | 5:50 P.M.
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