Toronto, Ontario, (March 18, 2014) –
“Once considered an alternative asset class, real estate is now a top choice alongside stocks and bonds as a valuable contributor to portfolio performance,” said Stephen Taylor, President of Morguard Investments Ltd. at an exclusive Canada Israel Chamber of Commerce luncheon earlier this month.
“Real estate continues to garner institutional interest because it has consistently provided attractive returns built on moderate capital gains, steady cash flow and low volatility,” he added in a presentation that highlighted the strength of Morguard
as a property company.
With over four decades of experience, Morguard manages a portfolio of over $15.5 billion in retail, office, industrial and residential
real estate across North America. Of that, half is for its own account and the other half is for blue-chip clients such as Greystone Managed Investments, Healthcare of Ontario Pension, Hydro-Quebec Pension, GM, Canada Post, McGill University and others.
“Our clients appreciate Morguard’s combination of institutional discipline and entrepreneurial leadership provided by our CEO, Rai Sahi,” Mr. Taylor concluded. Morguard also manages portfolios of stocks and bonds, including the 3-time Lipper Award winning CIBC Canadian Real Estate Fund and the Morguard Real Estate Equity Fund. “REITs present a tremendous opportunity at this time,” said Derek Warren, manager of the real estate funds. “REITs are trading at discounts to their net asset value and are paying strong, sustainable yields with conservative balance sheets.”
Morguard offers several publicly-listed vehicles, including:
Vehicle (Ticker) 3Y CAGR
Morguard Corp. stock (TSX: MRC) 32.6%
Morguard Real Estate Investment Trust (TSX:MRT.UN) 11.9%
Morguard North American Residential REIT (TSX: MRG.UN) 9.1% SI
Morguard Real Estate Equity Fund (FundServ: MRE100) 10.3%
Morguard Strategic Growth Fund (FundServ: TBA) 22.6% SI
CIBC Cdn Real Estate Fund (sub-advisor) (FundServ: CIB506) 7.1%
CAGR is the Compounded Annual Growth Rate including dividends and after fees where applicable.
Returns are for the three years ended 28 Feb 2014 with the exception of:
MRG.UN Total Return from Inception on Apr 17, 2012 to Feb 28, 2014; and
Morguard Strategic Growth Fund Total Return from Inception on Apr 12, 2013 to Feb 28, 2014.
About the Canada Israel Chamber of Commerce
Since its inception in1970, the Canada Israel Chamber of Commerce
has prided itself as a national organization providing a forum in which companies, industry professionals, and individuals convene to share ideas, network, or engage in bi-lateral trade or investment. To date, the organization has facilitated well over one hundred conferences, seminars and meeting engagements on behalf of members.
For further information, please contact:
Director, Corporate Development
416 369 6180