Morguard North American Residential Real Estate Investment Trust

TSX:MRG.UN Stock Report

Market Cap: CA$915.2m

Morguard North American Residential Real Estate Investment Trust Management

Management criteria checks 4/4

Morguard North American Residential Real Estate Investment Trust's CEO is Kuldip Sahi, appointed in Jan 2012, has a tenure of 13.33 years. total yearly compensation is CA$648.96K, comprised of 40.1% salary and 59.9% bonuses, including company stock and options. directly owns 1.91% of the company’s shares, worth CA$17.45M. The average tenure of the management team and the board of directors is 10.3 years and 13.1 years respectively.

Key information

Kuldip Sahi

Chief executive officer

CA$649.0k

Total compensation

CEO salary percentage40.1%
CEO tenure13.3yrs
CEO ownership1.9%
Management average tenure10.3yrs
Board average tenure13.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kuldip Sahi's remuneration changed compared to Morguard North American Residential Real Estate Investment Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

CA$114m

Dec 31 2024CA$649kCA$260k

CA$102m

Sep 30 2024n/an/a

CA$78m

Jun 30 2024n/an/a

CA$140m

Mar 31 2024n/an/a

CA$173m

Dec 31 2023CA$632kCA$253k

CA$176m

Sep 30 2023n/an/a

-CA$25m

Jun 30 2023n/an/a

CA$5m

Mar 31 2023n/an/a

CA$86m

Dec 31 2022CA$612kCA$245k

CA$219m

Sep 30 2022n/an/a

CA$508m

Jun 30 2022n/an/a

CA$521m

Mar 31 2022n/an/a

CA$378m

Dec 31 2021CA$514kCA$238k

CA$242m

Sep 30 2021n/an/a

CA$137m

Jun 30 2021n/an/a

CA$105m

Mar 31 2021n/an/a

CA$106m

Dec 31 2020CA$514kCA$238k

CA$175m

Sep 30 2020n/an/a

CA$203m

Jun 30 2020n/an/a

CA$149m

Mar 31 2020n/an/a

CA$170m

Dec 31 2019CA$598kCA$232k

CA$77m

Sep 30 2019n/an/a

CA$97m

Jun 30 2019n/an/a

CA$120m

Mar 31 2019n/an/a

CA$97m

Dec 31 2018CA$584kCA$226k

CA$172m

Compensation vs Market: Kuldip's total compensation ($USD469.22K) is below average for companies of similar size in the Canadian market ($USD1.82M).

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

CEO

Kuldip Sahi (77 yo)

13.3yrs

Tenure

CA$648,955

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 & CEO13.3yrsCA$648.96k1.91%
CA$ 17.5m
Christopher Newman
Chief Financial Officer6.5yrsCA$140.43kno data
Angela Sahi
SVP & Board of Trusteesno dataCA$1.18m0.028%
CA$ 252.7k
Beverley Flynn
Senior VP20.6yrsno data0%
CA$ 0
Paul Miatello
Senior Vice President7.3yrsno data0%
CA$ 0
John Talano
Senior Vice President of U.S. Operationsno datano datano data

10.3yrs

Average Tenure

Experienced Management: MRG.UN's management team is seasoned and experienced (10.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kuldip Sahi
Chairman & CEO13.2yrsCA$648.96k1.91%
CA$ 17.5m
Angela Sahi
SVP & Board of Trusteesless than a yearCA$1.18m0.028%
CA$ 252.7k
Dino Chiesa
Independent Trustee13.1yrsCA$39.00k0%
CA$ 0
Frank Munsters
Independent Trustee13.2yrsCA$77.94k0.025%
CA$ 232.7k
Mel Leiderman
Independent Trustee13.1yrsCA$50.00k0.014%
CA$ 126.4k
Bruce Robertson
Independent Trustee13.2yrsCA$102.50k1.57%
CA$ 14.4m
Avtar Bains
Independent Lead Trustee13.1yrsCA$39.00k0.028%
CA$ 255.3k
William Wallace
Independent Trustee13.1yrsCA$39.00k0.028%
CA$ 252.7k

13.1yrs

Average Tenure

72yo

Average Age

Experienced Board: MRG.UN's board of directors are seasoned and experienced ( 13.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/07 12:48
End of Day Share Price 2025/05/07 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