It owns retail, residential, office, industrial, and hotel properties, as well as managing real estate and financial investments for institutional investors.

[2] The company sold its industrial parts distribution to W.W. Grainger in 1996 for $250 million USD; this division was renamed Acklands-Grainger.

As of October 2017, of its $16.2 billion in owned and managed real estate, 37% are retail, 26% are residential, 25% are offices, 9% are industrial, and the remaining 3% are hotels.

[1] Of its real estate assets, 45% are in Ontario, 15% are in Alberta, 13% are in British Columbia, 10% are in the rest of Canada, and the remaining 17% are in the United States.

Morguard North American Residential REIT (MRG.UN) owns $2.5 billion in assets, primarily multi-residential properties in the United States and Canada.

[7] As of June 2021[update], Morguard REIT (MRT) owns a diversified real-estate portfolio of 47 commercial properties across six provinces of Canada.