Morguard North American Residential Real Estate Investment Trust

TSX:MRG.UN Stock Report

Market Cap: CA$912.6m

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 12.92 years. total yearly compensation is CA$632.43K, comprised of 40% salary and 60% bonuses, including company stock and options. directly owns 1.89% of the company’s shares, worth CA$17.29M. The average tenure of the management team and the board of directors is 9.9 years and 12.7 years respectively.

Key information

Kuldip Sahi

Chief executive officer

CA$632.4k

Total compensation

CEO salary percentage40.0%
CEO tenure12.9yrs
CEO ownership1.9%
Management average tenure9.9yrs
Board average tenure12.7yrs

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
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 ($USD439.90K) is below average for companies of similar size in the Canadian market ($USD1.83M).

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

CEO

Kuldip Sahi (77 yo)

12.9yrs

Tenure

CA$632,433

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 & CEO12.9yrsCA$632.43k1.89%
CA$ 17.3m
Christopher Newman
Chief Financial Officer6.1yrsCA$140.86kno data
Beverley Flynn
Senior VP20.2yrsno data0.082%
CA$ 751.0k
Paul Miatello
Senior Vice President6.9yrsno data0.12%
CA$ 1.1m
John Talano
Senior Vice President of U.S. Operationsno datano datano data
Angela Sahi
Senior Vice Presidentno datano data0.027%
CA$ 250.3k

9.9yrs

Average Tenure

Experienced Management: MRG.UN's management team is seasoned and experienced (9.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kuldip Sahi
Chairman & CEO12.8yrsCA$632.43k1.89%
CA$ 17.3m
Dino Chiesa
Independent Trustee12.7yrsCA$40.00k0.028%
CA$ 252.8k
Frank Munsters
Independent Trustee12.8yrsCA$77.94k0.026%
CA$ 239.9k
Mel Leiderman
Independent Trustee12.7yrsCA$51.00k0.014%
CA$ 125.1k
Bruce Robertson
Independent Trustee12.8yrsCA$103.00k1.52%
CA$ 13.9m
Avtar Bains
Independent Lead Trustee12.7yrsCA$40.00k0.041%
CA$ 375.4k
William Wallace
Independent Trustee12.7yrsCA$36.00k0.027%
CA$ 250.3k

12.7yrs

Average Tenure

72yo

Average Age

Experienced Board: MRG.UN's board of directors are seasoned and experienced ( 12.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 08:59
End of Day Share Price 2024/12/31 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

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Industry and Sector Metrics

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Analyst Sources

Morguard North American Residential Real Estate Investment Trust is covered by 6 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
Frederic BlondeauiA Capital Markets
Frederic BlondeauLaurentian Bank Securities, Inc.