Morguard North American Residential Real Estate Investment Trust Past Earnings Performance
Past criteria checks 1/6
Morguard North American Residential Real Estate Investment Trust has been growing earnings at an average annual rate of 7.8%, while the Residential REITs industry saw earnings growing at 2.5% annually. Revenues have been growing at an average rate of 5.9% per year. Morguard North American Residential Real Estate Investment Trust's return on equity is 9.5%, and it has net margins of 52.4%.
Key information
7.8%
Earnings growth rate
6.2%
EPS growth rate
| Residential REITs Industry Growth | 2.5% |
| Revenue growth rate | 5.9% |
| Return on equity | 9.5% |
| Net Margin | 52.4% |
| Next Earnings Update | 30 Apr 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
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
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 337 | 176 | 22 | 0 |
| 30 Sep 23 | 323 | -25 | 22 | 0 |
| 30 Jun 23 | 319 | 5 | 22 | 0 |
| 31 Mar 23 | 298 | 86 | 20 | 0 |
| 31 Dec 22 | 284 | 219 | 19 | 0 |
| 30 Sep 22 | 272 | 508 | 18 | 0 |
| 30 Jun 22 | 262 | 521 | 16 | 0 |
| 31 Mar 22 | 255 | 378 | 15 | 0 |
| 31 Dec 21 | 248 | 242 | 14 | 0 |
| 30 Sep 21 | 231 | 137 | 14 | 0 |
| 30 Jun 21 | 231 | 105 | 14 | 0 |
| 31 Mar 21 | 238 | 106 | 15 | 0 |
| 31 Dec 20 | 239 | 175 | 15 | 0 |
| 30 Sep 20 | 250 | 203 | 15 | 0 |
| 30 Jun 20 | 247 | 149 | 15 | 0 |
| 31 Mar 20 | 245 | 170 | 15 | 0 |
| 31 Dec 19 | 246 | 77 | 14 | 0 |
| 30 Sep 19 | 249 | 97 | 14 | 0 |
| 30 Jun 19 | 250 | 120 | 14 | 0 |
| 31 Mar 19 | 246 | 97 | 14 | 0 |
| 31 Dec 18 | 242 | 172 | 14 | 0 |
| 30 Sep 18 | 234 | 209 | 13 | 0 |
| 30 Jun 18 | 232 | 195 | 13 | 0 |
| 31 Mar 18 | 228 | 237 | 13 | 0 |
| 31 Dec 17 | 226 | 160 | 13 | 0 |
| 30 Sep 17 | 227 | 92 | 13 | 0 |
| 30 Jun 17 | 223 | 110 | 13 | 0 |
| 31 Mar 17 | 220 | 56 | 12 | 0 |
| 31 Dec 16 | 218 | 29 | 12 | 0 |
| 30 Sep 16 | 216 | 8 | 11 | 0 |
| 30 Jun 16 | 211 | -2 | 11 | 0 |
| 31 Mar 16 | 205 | 24 | 11 | 0 |
| 31 Dec 15 | 198 | 39 | 10 | 0 |
| 30 Sep 15 | 191 | 47 | 10 | 0 |
| 30 Jun 15 | 184 | 48 | 9 | 0 |
| 31 Mar 15 | 180 | 19 | 9 | 0 |
| 31 Dec 14 | 175 | 38 | 8 | 0 |
| 30 Sep 14 | 171 | 41 | 8 | 0 |
| 30 Jun 14 | 169 | 48 | 8 | 0 |
| 31 Mar 14 | 161 | 69 | 7 | 0 |
| 31 Dec 13 | 143 | 56 | 6 | 0 |
| 30 Sep 13 | 123 | 96 | 5 | 0 |
| 30 Jun 13 | 102 | 111 | 4 | 0 |
Quality Earnings: MRG.UN has a large one-off gain of CA$81.2M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: MRG.UN's current net profit margins (52.4%) are lower than last year (77.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MRG.UN's earnings have grown by 7.8% per year over the past 5 years.
Accelerating Growth: MRG.UN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MRG.UN had negative earnings growth (-19.6%) over the past year, making it difficult to compare to the Residential REITs industry average (52.5%).
Return on Equity
High ROE: MRG.UN's Return on Equity (9.5%) is considered low.