company background image
MRG.UN logo

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

Last Price

CA$18.33

Market Cap

CA$987.2m

7D

-0.5%

1Y

21.6%

Updated

13 Jun, 2025

Data

Company Financials +

Morguard North American Residential Real Estate Investment Trust

TSX:MRG.UN Stock Report

Market Cap: CA$987.2m

Morguard North American Residential Real Estate Investment Trust (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. More details

MRG.UN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends5/6

MRG.UN Community Fair Values

Create Narrative

See what 7 others think this stock is worth. Follow their fair value or set your own to get alerts.

Morguard North American Residential Real Estate Investment Trust Competitors

Price History & Performance

Summary of share price highs, lows and changes for Morguard North American Residential Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$18.33
52 Week HighCA$19.53
52 Week LowCA$14.75
Beta1.1
1 Month Change5.34%
3 Month Change6.63%
1 Year Change21.55%
3 Year Change13.43%
5 Year Change23.27%
Change since IPO74.24%

Recent News & Updates

Recent updates

Shareholder Returns

MRG.UNCA Residential REITsCA Market
7D-0.5%1.0%1.0%
1Y21.6%7.0%18.8%

Return vs Industry: MRG.UN exceeded the Canadian Residential REITs industry which returned 7% over the past year.

Return vs Market: MRG.UN exceeded the Canadian Market which returned 18.8% over the past year.

Price Volatility

Is MRG.UN's price volatile compared to industry and market?
MRG.UN volatility
MRG.UN Average Weekly Movement3.4%
Residential REITs Industry Average Movement3.7%
Market Average Movement9.6%
10% most volatile stocks in CA Market18.5%
10% least volatile stocks in CA Market3.9%

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

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

About the Company

FoundedEmployeesCEOWebsite
2012n/aKuldip Sahiwww.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$987.21m
Earnings (TTM)CA$114.20m
Revenue (TTM)CA$354.87m
5.7x
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$354.87m
Cost of RevenueCA$168.05m
Gross ProfitCA$186.82m
Other ExpensesCA$72.62m
EarningsCA$114.20m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)3.20
Gross Margin52.64%
Net Profit Margin32.18%
Debt/Equity Ratio99.0%

How did MRG.UN perform over the long term?

See historical performance and comparison

Dividends

4.1%
Current Dividend Yield
30%
Payout Ratio

Does MRG.UN pay a reliable dividends?

See MRG.UN dividend history and benchmarks
When do you need to buy MRG.UN by to receive an upcoming dividend?
Morguard North American Residential Real Estate Investment Trust dividend dates
Ex Dividend DateMay 30 2025
Dividend Pay DateJun 16 2025
Days until Ex dividend15 days
Days until Dividend pay date2 days

Does MRG.UN pay a reliable dividends?

See MRG.UN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/13 21:41
End of Day Share Price 2025/06/13 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Morguard North American Residential Real Estate Investment Trust is covered by 7 analysts. 2 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
Alexander LeonDesjardins Securities Inc.
Frederic BlondeauiA Capital Markets