Morguard Corporation

TSX:MRC Stock Report

Market Cap: CA$1.2b

Morguard Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Kuldip Sahi

Chief executive officer

CA$3.2m

Total compensation

CEO salary percentage40.0%
CEO tenure34.3yrs
CEO ownership62.1%
Management average tenure13.6yrs
Board average tenure8.6yrs

Recent management updates

Recent updates

Revenues Working Against Morguard Corporation's (TSE:MRC) Share Price

Nov 29
Revenues Working Against Morguard Corporation's (TSE:MRC) Share Price

Why Morguard Corporation (TSE:MRC) Could Be Worth Watching

Jan 11
Why Morguard Corporation (TSE:MRC) Could Be Worth Watching

What Is Morguard Corporation's (TSE:MRC) Share Price Doing?

Aug 17
What Is Morguard Corporation's (TSE:MRC) Share Price Doing?

Here's Why Morguard (TSE:MRC) Is Weighed Down By Its Debt Load

Jan 11
Here's Why Morguard (TSE:MRC) Is Weighed Down By Its Debt Load

Is Morguard (TSE:MRC) A Risky Investment?

May 24
Is Morguard (TSE:MRC) A Risky Investment?

We Discuss Why Morguard Corporation's (TSE:MRC) CEO Compensation May Be Closely Reviewed

Apr 28
We Discuss Why Morguard Corporation's (TSE:MRC) CEO Compensation May Be Closely Reviewed

Is There Now An Opportunity In Morguard Corporation (TSE:MRC)?

Mar 23
Is There Now An Opportunity In Morguard Corporation (TSE:MRC)?

What You Need To Know About Morguard Corporation's (TSE:MRC) Investor Composition

Feb 27
What You Need To Know About Morguard Corporation's (TSE:MRC) Investor Composition

Does Morguard (TSE:MRC) Have A Healthy Balance Sheet?

Feb 09
Does Morguard (TSE:MRC) Have A Healthy Balance Sheet?

If You Had Bought Morguard's (TSE:MRC) Shares A Year Ago You Would Be Down 43%

Jan 14
If You Had Bought Morguard's (TSE:MRC) Shares A Year Ago You Would Be Down 43%

Are Morguard's (TSE:MRC) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Dec 30
Are Morguard's (TSE:MRC) Statutory Earnings A Good Reflection Of Its Earnings Potential?

When Should You Buy Morguard Corporation (TSE:MRC)?

Dec 17
When Should You Buy Morguard Corporation (TSE:MRC)?

Have Insiders Sold Morguard Corporation (TSE:MRC) Shares Recently?

Dec 04
Have Insiders Sold Morguard Corporation (TSE:MRC) Shares Recently?

Do Insiders Own Lots Of Shares In Morguard Corporation (TSE:MRC)?

Nov 24
Do Insiders Own Lots Of Shares In Morguard Corporation (TSE:MRC)?

When Should You Buy Morguard Corporation (TSE:MRC)?

Sep 10
When Should You Buy Morguard Corporation (TSE:MRC)?

Here's Why We Think Morguard's (TSE:MRC) Statutory Earnings Might Be Conservative

Aug 26
Here's Why We Think Morguard's (TSE:MRC) Statutory Earnings Might Be Conservative

These 4 Measures Indicate That Morguard (TSE:MRC) Is Using Debt Extensively

Aug 11
These 4 Measures Indicate That Morguard (TSE:MRC) Is Using Debt Extensively

How Much Is Morguard Corporation (TSE:MRC) Paying Its CEO?

Jul 27
How Much Is Morguard Corporation (TSE:MRC) Paying Its CEO?

Investors Continue Waiting On Sidelines For Morguard Corporation (TSE:MRC)

Jul 13
Investors Continue Waiting On Sidelines For Morguard Corporation (TSE:MRC)

What Kind Of Shareholder Owns Most Morguard Corporation (TSE:MRC) Stock?

Jun 29
What Kind Of Shareholder Owns Most Morguard Corporation (TSE:MRC) Stock?

CEO Compensation Analysis

How has Kuldip Sahi's remuneration changed compared to Morguard's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$198m

Jun 30 2024n/an/a

CA$203m

Mar 31 2024n/an/a

CA$239m

Dec 31 2023CA$3mCA$1m

CA$74m

Sep 30 2023n/an/a

-CA$322m

Jun 30 2023n/an/a

-CA$261m

Mar 31 2023n/an/a

-CA$118m

Dec 31 2022CA$3mCA$1m

CA$123m

Sep 30 2022n/an/a

CA$621m

Jun 30 2022n/an/a

CA$657m

Mar 31 2022n/an/a

CA$441m

Dec 31 2021CA$3mCA$1m

CA$250m

Sep 30 2021n/an/a

CA$72m

Jun 30 2021n/an/a

-CA$35m

Mar 31 2021n/an/a

-CA$117m

Dec 31 2020CA$3mCA$1m

-CA$99m

Sep 30 2020n/an/a

CA$48m

Jun 30 2020n/an/a

CA$52m

Mar 31 2020n/an/a

CA$187m

Dec 31 2019CA$3mCA$1m

CA$187m

Sep 30 2019n/an/a

CA$183m

Jun 30 2019n/an/a

CA$231m

Mar 31 2019n/an/a

CA$237m

Dec 31 2018CA$3mCA$1m

CA$320m

Sep 30 2018n/an/a

CA$354m

Jun 30 2018n/an/a

CA$335m

Mar 31 2018n/an/a

CA$411m

Dec 31 2017CA$3mCA$1m

CA$310m

Compensation vs Market: Kuldip's total compensation ($USD2.20M) is about average for companies of similar size in the Canadian market ($USD1.83M).

Compensation vs Earnings: Kuldip's compensation has been consistent with company performance over the past year.

CEO

Kuldip Sahi (77 yo)

34.3yrs

Tenure

CA$3,162,165

Compensation

Mr. Kuldip Rai Sahi, FCA, FCPA, FCGA, has been the Chief Executive Officer of Morguard Real Estate Investment Trust since July 31, 2001 and has been its President since October 21, 2005 and has been its Tr...

Leadership Team

NamePositionTenureCompensationOwnership
Kuldip Sahi
Chairman & CEOno dataCA$3.16m62.05%
CA$ 766.1m
Angela Sahi
Presidentless than a yearCA$613.27kno data
Paul Miatello
Senior VP & CFO17.7yrsCA$678.82k0.098%
CA$ 1.2m
John Talano
Senior Vice President of Morguard Managementno dataCA$809.34kno data
David Wyatt
Senior Vice President of Retail Leasing & Operations - MILno dataCA$559.69kno data
Beverley Flynn
Senior VP20.2yrsno data0.037%
CA$ 458.0k
Pamela McLean
Senior VP of Finance & CFO of Services MILno datano datano data
Andrew Tamlin
Chief Financial Officer of MRTno datano datano data
Margaret Knowles
Senior Vice President of Development - Morguard Investments Limitedno dataCA$385.82kno data
Brian Athey
Vice President of Developmentno datano datano data
George Schott
President & COO of Morguard Investments Ltd.9.6yrsCA$383.19kno data
Patrick Seward
Vice President of Planning & Corporate Developmentno datano datano data

13.6yrs

Average Tenure

Experienced Management: MRC's management team is seasoned and experienced (13.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kuldip Sahi
Chairman & CEO34.3yrsCA$3.16m62.05%
CA$ 766.1m
Angela Sahi
President7.6yrsCA$613.27kno data
Chris Cahill
Independent Director9.6yrsCA$50.00k0.029%
CA$ 360.6k
William Braithwaite
Independent Director4.6yrsCA$54.00k0.028%
CA$ 343.5k
George Armoyan
Directorless than a yearno data0.074%
CA$ 916.0k
Bruce Robertson
Lead Independent Director14.6yrsCA$103.00k0.27%
CA$ 3.3m
Stephen Taylor
Independent Director4.3yrsCA$67.39k0.21%
CA$ 2.6m
Leonard Sharpe
Independent Director14.1yrsCA$57.50k0.028%
CA$ 343.5k

8.6yrs

Average Tenure

70.5yo

Average Age

Experienced Board: MRC's board of directors are considered experienced (8.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 07:28
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Morguard Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dean WilkinsonCIBC Capital Markets
Matt LoganRBC Capital Markets
Khing ShanRBC Capital Markets