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Morguard North American Residential Real Estate Investment Trust TSX:MRG.UN Stock Report

Last Price

CA$15.95

Market Cap

CA$875.1m

7D

0.5%

1Y

-7.8%

Updated

28 Mar, 2024

Data

Company Financials +

Morguard North American Residential Real Estate Investment Trust

TSX:MRG.UN Stock Report

Market Cap: CA$875.1m

MRG.UN Stock Overview

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario.

MRG.UN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends5/6

Morguard North American Residential Real Estate Investment Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Morguard North American Residential Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$15.95
52 Week HighCA$17.72
52 Week LowCA$13.08
Beta1.17
1 Month Change-0.13%
3 Month Change7.99%
1 Year Change-7.80%
3 Year Change2.90%
5 Year Change-13.13%
Change since IPO51.62%

Recent News & Updates

Recent updates

Shareholder Returns

MRG.UNCA Residential REITsCA Market
7D0.5%-3.0%0.4%
1Y-7.8%5.4%9.0%

Return vs Industry: MRG.UN underperformed the Canadian Residential REITs industry which returned 5.4% over the past year.

Return vs Market: MRG.UN underperformed the Canadian Market which returned 9% over the past year.

Price Volatility

Is MRG.UN's price volatile compared to industry and market?
MRG.UN volatility
MRG.UN Average Weekly Movement2.8%
Residential REITs Industry Average Movement3.1%
Market Average Movement8.5%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.1%

Stable Share Price: MRG.UN has not had significant price volatility in the past 3 months.

Volatility Over Time: MRG.UN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/aKuldip Sahihttps://www.morguard.com

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management.

Morguard North American Residential Real Estate Investment Trust Fundamentals Summary

How do Morguard North American Residential Real Estate Investment Trust's earnings and revenue compare to its market cap?
MRG.UN fundamental statistics
Market capCA$875.12m
Earnings (TTM)CA$176.34m
Revenue (TTM)CA$336.76m

3.4x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MRG.UN income statement (TTM)
RevenueCA$336.76m
Cost of RevenueCA$151.38m
Gross ProfitCA$185.38m
Other ExpensesCA$9.05m
EarningsCA$176.34m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 30, 2024

Earnings per share (EPS)4.67
Gross Margin55.05%
Net Profit Margin52.36%
Debt/Equity Ratio92.0%

How did MRG.UN perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

29%

Payout Ratio
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