company background image
MRG.UN

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

Last Price

CA$13.55

Market Cap

CA$730.6m

7D

0.4%

1Y

-18.4%

Updated

30 Nov, 2023

Data

Company Financials +

Morguard North American Residential Real Estate Investment Trust

TSX:MRG.UN Stock Report

Mkt Cap: CA$730.6m

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 Performance0/6
Financial Health1/6
Dividends4/6

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$13.55
52 Week HighCA$18.97
52 Week LowCA$13.08
Beta1.09
1 Month Change3.28%
3 Month Change-13.91%
1 Year Change-18.42%
3 Year Change-13.64%
5 Year Change-25.22%
Change since IPO28.80%

Recent News & Updates

Recent updates

We Discuss Why Morguard North American Residential Real Estate Investment Trust's (TSE:MRG.UN) CEO May Deserve A Higher Pay Packet

Apr 29
We Discuss Why Morguard North American Residential Real Estate Investment Trust's (TSE:MRG.UN) CEO May Deserve A Higher Pay Packet

The Independent Trustee of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN), Bruce Robertson, Just Bought 3.0% More Shares

Mar 05
The Independent Trustee of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN), Bruce Robertson, Just Bought 3.0% More Shares

Shareholders Of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Must Be Happy With Their 60% Return

Feb 26
Shareholders Of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Must Be Happy With Their 60% Return

Shareholder Returns

MRG.UNCA Residential REITsCA Market
7D0.4%1.8%0.3%
1Y-18.4%1.7%-4.2%

Return vs Industry: MRG.UN underperformed the Canadian Residential REITs industry which returned 2% over the past year.

Return vs Market: MRG.UN underperformed the Canadian Market which returned -4.3% over the past year.

Price Volatility

Is MRG.UN's price volatile compared to industry and market?
MRG.UN volatility
MRG.UN Average Weekly Movement3.9%
Residential REITs Industry Average Movement3.9%
Market Average Movement8.6%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market3.5%

Stable Share Price: MRG.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MRG.UN's weekly volatility (4%) 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$730.59m
Earnings (TTM)-CA$24.63m
Revenue (TTM)CA$322.88m

1.6x

P/S Ratio

-20.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRG.UN income statement (TTM)
RevenueCA$322.88m
Cost of RevenueCA$150.02m
Gross ProfitCA$172.86m
Other ExpensesCA$197.49m
Earnings-CA$24.63m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-0.65
Gross Margin53.54%
Net Profit Margin-7.63%
Debt/Equity Ratio92.9%

How did MRG.UN perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

325%

Payout Ratio