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Morguard Cuts Distribution During Pandemic

Toronto-Based Commercial Landlord Faces Challenge of Collecting Rent From Retail Tenants
Morguard Real Estate Investment Trust has agreed to a substantial rent abatement at Penn West Plaza in Calgary. (CoStar)
Morguard Real Estate Investment Trust has agreed to a substantial rent abatement at Penn West Plaza in Calgary. (CoStar)
CoStar News
May 1, 2020 | 7:32 P.M.

Morguard Real Estate Investment Trust cut its dividend in half as the commercial landlord with 8.4 million square feet of space deals with the effect of the coronavirus pandemic on its property portfolio.

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News | Morguard Cuts Distribution During Pandemic