Morguard North American Residential Real Estate Investment Trust

TSX:MRG.UN Stock Report

Market Cap: CA$1.0b

Morguard North American Residential Real Estate Investment Trust Past Earnings Performance

Past criteria checks 5/6

Morguard North American Residential Real Estate Investment Trust has been growing earnings at an average annual rate of 3.8%, while the Residential REITs industry saw earnings growing at 3.1% annually. Revenues have been growing at an average rate of 7.7% per year. Morguard North American Residential Real Estate Investment Trust's return on equity is 6.8%, and it has net margins of 40.5%.

Key information

3.8%

Earnings growth rate

3.7%

EPS growth rate

Residential REITs Industry Growth2.5%
Revenue growth rate7.7%
Return on equity6.8%
Net Margin40.5%
Next Earnings Update29 Oct 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Morguard North American Residential Real Estate Investment Trust makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:MRG.UN Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 24345140220
31 Mar 24342173220
31 Dec 23337176220
30 Sep 23319-25220
30 Jun 233155220
31 Mar 2329686200
31 Dec 22284219190
30 Sep 22272508180
30 Jun 22262521160
31 Mar 22255378150
31 Dec 21248242140
30 Sep 21231137140
30 Jun 21231105140
31 Mar 21238106150
31 Dec 20239175150
30 Sep 20250203150
30 Jun 20247149150
31 Mar 20245170150
31 Dec 1924677140
30 Sep 1924997140
30 Jun 19250120140
31 Mar 1924697140
31 Dec 18242172140
30 Sep 18234209130
30 Jun 18232195130
31 Mar 18228237130
31 Dec 17226160130
30 Sep 1722792130
30 Jun 17223110130
31 Mar 1722056120
31 Dec 1621829120
30 Sep 162168110
30 Jun 16211-2110
31 Mar 1620524110
31 Dec 1519839100
30 Sep 1519147100
30 Jun 151844890
31 Mar 151801990
31 Dec 141753880
30 Sep 141714180
30 Jun 141694880
31 Mar 141616970
31 Dec 131435660

Quality Earnings: MRG.UN has high quality earnings.

Growing Profit Margin: MRG.UN's current net profit margins (40.5%) are higher than last year (1.6%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: MRG.UN's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: MRG.UN's earnings growth over the past year (2708.4%) exceeds its 5-year average (3.8% per year).

Earnings vs Industry: MRG.UN earnings growth over the past year (2708.4%) exceeded the Residential REITs industry 14.9%.


Return on Equity

High ROE: MRG.UN's Return on Equity (6.8%) is considered low.


Return on Assets


Return on Capital Employed


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