Morguard Real Estate Investment Trust reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 61.89 million compared to CAD 60.51 million a year ago. Net loss was CAD 1.83 million compared to net income of CAD 27.65 million a year ago. Basic loss per share from continuing operations was CAD 0.03 compared to basic earnings per share from continuing operations of CAD 0.43 a year ago. Diluted loss per share from continuing operations was CAD 0.03 compared to diluted earnings per share from continuing operations of CAD 0.31 a year ago.
For the six months, sales was CAD 126.71 million compared to CAD 121.84 million a year ago. Net loss was CAD 6.99 million compared to net income of CAD 67.56 million a year ago. Basic loss per share from continuing operations was CAD 0.11 compared to basic earnings per share from continuing operations of CAD 1.05 a year ago. Diluted loss per share from continuing operations was CAD 0.11 compared to diluted earnings per share from continuing operations of CAD 0.75 a year ago.