Morguard North American Residential Real Estate Investment Trust

MRG-UN · TO · Real Estate / REIT - Residential

14.91CAD+0.09 (+0.61%)

Price History

Full chart

Market Stats

Previous Close14.82

Open14.85

Day Range14.80 – 15.02

52-Week Range14.48 – 18.45

Volume19.55K

Market Cap1.02B

P/E (TTM)12.03

Forward P/E11.25

EPS1.22

Dividend Yield5.38%

Beta0.92

50-Day Avg15.77

200-Day Avg17.03

About

Morguard North American Residential Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland. Morguard North American Residential Real Estate Investment Trust was established in 2012 and was incorporated in Canada.

Company Details

SectorReal Estate
IndustryREIT - Residential
CEOMs. Angela Sahi CPA
Employees0
Headquarters55 City Centre Drive, Mississauga, ON, Canada, L5B 1M3, Canada
Websitehttps://www.morguard.com

Leadership

Mr. Kuldip Rai Sahi FCA, FCGA, FCPAExecutive Chairman of the Board · b. 1947
Ms. Angela Sahi CPAPresident, CEO & Trustee
Mr. Christopher A. NewmanChief Financial Officer
Ms. Beverley Gail Flynn L.L.B.Senior VP, General Counsel & Secretary
Mr. Paul Miatello CA, CPASenior Vice President · b. 1970
Mr. John TalanoSenior Vice President of U.S. Operations

Financials

Income Statement

Currency: CAD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	71.92M	78.61M	142.94M	174.81M	198.44M	218.47M	226.50M	241.37M	245.60M	248.68M	245.57M	278.49M	331.62M	344.19M	354.65M
Growth (%)	-	+9.30%	+81.83%	+22.30%	+13.52%	+10.09%	+3.67%	+6.57%	+1.75%	+1.26%	-1.25%	+13.41%	+19.08%	+3.79%	+3.04%
Cost of Revenue	35.48M	40.29M	75.64M	93.06M	104.42M	115.16M	116.38M	123.44M	127.08M	128.39M	130.46M	146.63M	151.38M	184.95M	188.15M
Gross Profit	36.45M	38.32M	67.30M	81.75M	94.02M	103.31M	110.12M	117.93M	118.52M	120.30M	115.10M	131.86M	180.24M	186.38M	166.49M
Gross Margin	50.67%	48.75%	47.08%	46.77%	47.38%	47.29%	48.62%	48.86%	48.26%	48.37%	46.87%	47.35%	54.35%	54.15%	46.95%
Operating Expense	0	-2.06M	-6.17M	-8.46M	-10.16M	-11.98M	-12.62M	-13.77M	-14.34M	-15.24M	-14.39M	170.46M	0	4.96M	-23.24M
Operating Income	36.45M	40.38M	73.46M	90.22M	104.18M	115.29M	122.74M	131.69M	132.86M	135.53M	129.50M	-38.60M	180.24M	181.42M	189.73M
Operating Margin	50.67%	51.37%	51.39%	51.61%	52.50%	52.77%	54.19%	54.56%	54.10%	54.50%	52.73%	-13.86%	54.35%	52.71%	53.50%
EBITDA	117.48M	39.26M	90.54M	106.93M	117.06M	112.25M	199.47M	248.19M	135.40M	139.29M	68.22M	149.68M	254.03M	179.27M	197.05M
EBITDA Margin	163.35%	49.94%	63.34%	61.17%	58.99%	51.38%	88.07%	102.83%	55.13%	56.01%	27.78%	53.75%	76.60%	52.08%	55.56%
Net Income	86.80M	187.78M	56.38M	38.16M	38.78M	29.26M	160.44M	172.22M	76.81M	175.22M	242.09M	219.28M	176.34M	101.86M	102.97M
Net Income Margin	120.69%	238.87%	39.44%	21.83%	19.54%	13.39%	70.83%	71.35%	31.28%	70.46%	98.58%	78.74%	53.17%	29.59%	29.03%
R&D	-	-	-	-	-	0.3	0.68	0.82	0.35	0.7	1.25	1.1	0.57	-	-
R&D as % of Total Revenue	-	-	-	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	15.55M	16.89M	34.88M	41.51M	44.02M	47.35M	45.86M	49.96M	49.05M	48.70M	46.37M	49.88M	60.66M	66.59M	74.67M
Interest Expense % of Total Revenue	21.62%	21.49%	24.40%	23.74%	22.18%	21.67%	20.25%	20.70%	19.97%	19.58%	18.88%	17.91%	18.29%	19.35%	21.06%

Balance Sheet

Currency: CAD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	696.52M	1.00B	1.67B	1.83B	2.16B	2.29B	2.65B	3.01B	3.03B	3.08B	3.47B	3.93B	4.10B	4.57B	4.54B
Total Liabilities	449.99M	624.80M	1.15B	1.26B	1.48B	1.60B	1.73B	1.88B	1.81B	1.74B	1.91B	2.08B	2.14B	2.46B	2.43B
Total Equity	239.09M	375.39M	511.00M	560.84M	656.12M	652.62M	814.34M	1.02B	1.14B	1.27B	1.48B	1.75B	1.85B	2.00B	1.99B
Cash	1.10M	4.82M	5.25M	32.55M	8.60M	7.59M	25.12M	16.79M	17.75M	27.30M	26.56M	14.64M	17.82M	51.26M	114.63M
Total Debt	363.73M	417.41M	947.88M	1.02B	1.18B	1.22B	1.35B	1.43B	1.33B	1.31B	1.38B	1.48B	1.56B	1.79B	1.77B
Net Debt	362.64M	412.59M	942.63M	989.17M	1.17B	1.22B	1.32B	1.41B	1.31B	1.28B	1.36B	1.47B	1.55B	1.74B	1.66B

Cash Flow

Currency: CAD	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	21.13M	4.11M	38.70M	36.21M	42.58M	52.60M	59.48M	59.95M	62.48M	50.13M	63.70M	75.17M	88.97M	97.50M	87.76M
Investing Cash Flow	-8.11M	-172.78M	-254.15M	-24.23M	-91.70M	-87.80M	-338.96M	-44.98M	-67.83M	-28.06M	-31.30M	-11.06M	-209.01M	-59.40M	-71.30M
Financing Cash Flow	-13.04M	172.80M	214.31M	13.66M	23.96M	33.55M	298.71M	-23.42M	6.07M	-11.57M	-33.05M	-78.88M	120.84M	-6.74M	49.14M
Capital Expenditure	8.11M	105.03M	0	28.23M	91.70M	87.80M	387.57M	0	75.84M	0	0	0	0	0	0
Free Cash Flow	13.01M	-100.91M	38.70M	7.98M	-49.12M	-35.20M	-328.09M	59.95M	138.33M	50.13M	63.70M	75.17M	88.97M	97.50M	87.76M
Dividends Paid	-	4.83M	15.94M	17.36M	17.33M	17.34M	20.93M	21.82M	23.60M	26.66M	26.56M	26.66M	26.95M	26.81M	26.32M
FCF to OCF	61.60%	-2453.51%	100.00%	22.03%	-115.35%	-66.92%	-551.64%	100.00%	221.39%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Dividend Paid to FCF	-	-4.78%	41.19%	217.66%	-35.29%	-49.27%	-6.38%	36.40%	17.06%	53.18%	41.70%	35.47%	30.30%	27.50%	29.99%

Earnings

Report Date	May 7, 2014	Aug 6, 2014	Oct 27, 2026
EPS Estimate	0.31	0.33	-
EPS Actual	-0.07	0.05	-
Surprise	-122.58%	-84.85%	-
Timing	After-hours	-	After-hours

Key Statistics & Ratios

Market Cap1.02B

Enterprise Value2.45B

Trailing P/E12.03

Forward P/E11.25

Price / Sales2.88

Price / Book0.37

EPS1.22

Book Value59.69

Revenue (TTM)354.26M

Gross Profit (TTM)191.82M

Profit Margin27.17%

Operating Margin56.91%

Return on Equity5.02%

Return on Assets2.27%

Shares Outstanding34.96M

Shares Float25.15M

Beta0.92

Dividend Yield5.38%

Dividend Rate0.79

Payout Ratio64.02%

Dividends

202610×

0.07Oct 30, 20260.07Sep 29, 20260.07Aug 31, 20260.07Jul 31, 20260.07Jun 30, 20260.07May 29, 20260.07Apr 30, 20260.07Mar 31, 20260.07Feb 27, 20260.07Jan 30, 2026

202512×

0.07Dec 31, 20250.07Nov 28, 20250.06Oct 31, 20250.06Sep 29, 20250.06Aug 29, 20250.06Jul 31, 20250.06Jun 30, 20250.06May 30, 20250.06Apr 30, 20250.06Mar 31, 20250.06Feb 28, 20250.06Jan 31, 2025

20242×

0.06Dec 31, 20240.06Nov 29, 2024