TSX:MRG.UNResidential REITs
Morguard North American Residential REIT (TSX:MRG.UN) Thin Interest Cover Reinforces Cautious Narratives
Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) has opened Q1 2026 earnings season with trailing 12 month revenue of CA$360.4 million and basic EPS of CA$2.95, alongside a net profit margin of 28.6%. Over recent quarters, revenue has held in a tight band between CA$87.5 million and CA$92.3 million per quarter, while basic EPS has ranged from CA$0.22 to CA$1.34. This sets up a picture where steady top line support meets slightly softer margins.
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