YOLFTbeta
Morguard Real Estate Investment Trust

Morguard Real Estate Investment Trust

MRT-UN · TO · Real Estate / REIT - Diversified

7.04CAD+0.05 (+0.72%)

Price History

Full chart

Market Stats

Previous Close6.99
Open7.01
Day Range6.98 – 7.04
52-Week Range5.52 – 7.31
Volume4.18K
Market Cap485.69M
P/E (TTM)90.25
Forward P/E8.73
EPS0.08
Dividend Yield3.32%
Beta0.09
50-Day Avg7.03
200-Day Avg6.70

About

Morguard Real Estate Investment Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 45 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8.0 million square feet of leasable space. Morguard Real Estate Investment Trust was established in 1997 and was incorporated in Canada.

Company Details

  • SectorReal Estate
  • IndustryREIT - Diversified
  • 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 · b. 1947
  • Ms. Angela Sahi CPAPresident, CEO & Non-Independent Director
  • Mr. Andrew Tamlin CA, CPAChief Financial Officer
  • Ms. Beverley Gail Flynn L.L.B.Senior VP, General Counsel & Secretary
  • Mr. Paul Miatello CA, CPASenior Vice President · b. 1970
  • Mr. Arjun ChowdhuryDirector of Asset Management
  • Todd FebboVice President of Property Management & Leasing, Office and Industrial-Eastern Canada

Financials

Income Statement

Currency: CAD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue71.99M95.66M134.46M156.28M163.72M185.05M197.41M195.64M176.32M190.42M201.99M206.49M221.08M235.69M252.82M279.65M298.46M290.98M280.73M278.75M276.47M273.07M253.76M241.44M242.63M255.08M259.17M239.34M
Growth (%)-+32.88%+40.56%+16.23%+4.76%+13.03%+6.68%-0.90%-9.87%+8.00%+6.07%+2.23%+7.06%+6.61%+7.26%+10.61%+6.73%-2.51%-3.52%-0.70%-0.82%-1.23%-7.07%-4.86%+0.49%+5.13%+1.61%-7.65%
Cost of Revenue----------89.57M91.46M97.42M101.91M110.43M118.31M128.72M125.05M120.23M121.73M124.39M123.11M129.99M119.31M120.64M129.10M130.94M127.74M
Gross Profit71.99M95.66M134.46M156.28M163.72M185.05M197.41M195.64M176.32M190.42M112.41M115.03M123.66M133.78M142.39M161.34M169.74M165.93M160.50M157.03M152.08M149.96M123.78M122.13M121.99M125.97M128.23M111.60M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%55.65%55.71%55.93%56.76%56.32%57.69%56.87%57.02%57.17%56.33%55.01%54.92%48.78%50.58%50.28%49.39%49.48%46.63%
Operating Expense-32.92M-46.46M-63.49M-78.15M-82.28M-92.93M-109.24M-117.43M-106.07M-118.24M37.70M47.76M47.03M4.59M7.50M-159.00K6.49M3.00M-2.65M4.97M25.05M4.92M6.76M4.94M7.14M141.04M3.59M3.75M
Operating Income104.91M142.12M197.95M234.42M246.00M277.98M306.65M313.06M282.40M308.66M74.71M67.27M76.63M129.19M134.88M161.50M163.25M162.93M163.15M152.06M127.03M145.04M117.01M117.19M114.85M-15.06M124.64M107.85M
Operating Margin145.72%148.57%147.22%150.00%150.26%150.22%155.34%160.02%160.16%162.09%36.99%32.58%34.66%54.81%53.35%57.75%54.70%55.99%58.12%54.55%45.95%53.11%46.11%48.54%47.33%-5.91%48.09%45.06%
EBITDA107.93M147.00M205.08M243.12M257.14M290.04M337.02M345.70M310.88M344.15M110.57M104.32M119.18M129.24M134.93M161.53M163.25M83.02M163.15M152.06M127.03M145.13M-302.67M117.27M-34.05M-13.22M6.09M44.56M
EBITDA Margin149.93%153.67%152.52%155.57%157.06%156.74%170.72%176.70%176.31%180.73%54.74%50.52%53.91%54.83%53.37%57.76%54.70%28.53%58.12%54.55%45.95%53.15%-119.27%48.57%-14.03%-5.18%2.35%18.62%
Net Income22.31M27.94M36.98M40.45M41.11M31.36M41.59M15.34M53.22M63.32M84.32M32.35M29.34M158.30M228.45M212.38M113.88M26.62M57.21M67.31M73.02M-42.60M-410.70M-47.38M-138.06M-74.44M-58.82M-16.56M
Net Income Margin30.99%29.21%27.50%25.88%25.11%16.95%21.07%7.84%30.18%33.25%41.75%15.67%13.27%67.16%90.36%75.95%38.16%9.15%20.38%24.15%26.41%-15.60%-161.84%-19.62%-56.90%-29.19%-22.70%-6.92%
R&D------------------0.210.240.260.051.40.020.340.28--
R&D as % of Total Revenue------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense---------42.31M39.68M38.33M47.61M50.83M47.93M57.82M59.56M56.40M54.12M53.52M54.01M56.35M54.67M51.33M51.97M61.15M64.83M61.05M
Interest Expense % of Total Revenue---------22.22%19.65%18.56%21.54%21.57%18.96%20.68%19.95%19.38%19.28%19.20%19.54%20.64%21.54%21.26%21.42%23.97%25.01%25.51%

Balance Sheet

Currency: CAD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets447.61M837.60M1.00B1.01B1.17B1.28B1.25B1.25B1.34B1.40B1.25B1.28B1.37B2.14B2.71B2.94B3.02B2.92B3.03B2.92B2.98B2.94B2.56B2.49B2.38B2.28B2.17B2.16B
Total Liabilities195.00M436.93M552.77M539.88M621.00M748.07M729.87M883.14M838.32M893.97M724.60M791.78M901.84M964.48M1.28B1.39B1.41B1.36B1.48B1.36B1.40B1.40B1.40B1.34B1.33B1.32B1.29B1.30B
Total Equity239.27M379.33M422.37M441.62M551.32M531.11M521.60M365.03M502.49M503.36M522.48M491.41M470.89M1.17B1.43B1.55B1.61B1.56B1.56B1.57B1.58B1.54B1.16B1.15B1.05B961.18M884.23M864.72M
Cash----------5.75M8.89M7.44M8.13M15.15M13.16M12.61M26.28M112.70M14.75M10.65M5.78M8.65M11.27M9.71M7.28M7.90M7.08M
Total Debt195.00M436.93M552.77M539.88M587.08M713.81M689.86M841.10M748.82M811.64M692.62M762.78M868.39M929.98M1.23B1.35B1.36B1.32B1.43B1.30B1.34B1.35B1.35B1.30B1.27B1.26B1.23B1.24B
Net Debt195.00M436.93M552.77M539.88M587.08M713.81M689.86M841.10M748.82M811.64M686.87M753.89M860.95M921.85M1.21B1.33B1.35B1.29B1.32B1.29B1.33B1.34B1.35B1.29B1.26B1.25B1.23B1.23B

Cash Flow

Currency: CAD1998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow18.95M15.90M39.33M35.90M41.80M49.27M97.48M50.21M85.90M137.61M69.49M64.11M79.76M74.06M85.34M89.55M104.62M97.96M115.15M100.82M93.47M89.36M46.92M80.19M73.97M66.32M54.46M40.41M
Investing Cash Flow-71.22M-23.44M-4.50M-522.00K-159.51M-47.33M-35.81M-13.14M-86.11M-122.75M93.07M-64.80M-114.40M-96.61M-401.81M-156.22M-46.02M21.96M-25.09M-61.83M-70.82M-36.42M-25.02M-2.95M-32.42M-39.04M-5.28M-36.33M
Financing Cash Flow46.58M7.44M-35.39M-35.59M118.26M-1.82M-62.06M-37.05M1.05M-15.69M-184.92M3.83M33.19M23.24M323.49M66.20M-59.06M-106.25M-3.64M-136.93M-26.75M-57.81M-19.04M-74.62M-43.11M-29.71M-48.55M-4.89M
Capital Expenditure84.03M36.41M29.23M28.32M192.60M47.33M39.05M17.54M86.11M122.75M30.93M70.86M124.12M96.61M0040.67M42.33M47.41M61.83M70.82M52.33M31.82M17.05M32.42M39.04M42.33M36.33M
Free Cash Flow-65.07M-20.52M10.10M7.58M-150.80M1.93M58.44M32.67M-215.00K14.86M38.57M-6.76M-44.36M-22.54M85.34M89.55M63.95M55.63M67.73M38.99M22.65M37.02M15.10M63.14M41.55M27.28M12.12M4.08M
Dividends Paid18.14M24.74M35.41M39.77M44.66M52.02M51.94M32.99M29.11M52.44M62.47M51.18M50.79M51.01M56.01M60.12M58.89M58.45M57.12M56.15M57.78M57.79M21.44M16.47M16.02M15.20M15.30M3.78M
FCF to OCF-343.29%-129.06%25.68%21.12%-360.78%3.92%59.95%65.06%-0.25%10.80%55.50%-10.54%-55.62%-30.44%100.00%100.00%61.12%56.79%58.82%38.67%24.24%41.43%32.19%78.74%56.17%41.14%22.26%10.09%
Dividend Paid to FCF-27.87%-120.60%350.64%524.47%-29.61%2692.34%88.89%100.99%-13537.21%352.94%161.97%-757.53%-114.50%-226.28%65.64%67.14%92.09%105.07%84.33%144.03%255.06%156.07%141.95%26.09%38.57%55.71%126.16%92.71%

Earnings

Report DateMar 4, 1999Feb 22, 2000Mar 31, 2001Jun 30, 2001Sep 30, 2001Dec 31, 2001Mar 31, 2002Jun 30, 2002Sep 30, 2002Apr 30, 2003Jul 31, 2003Oct 30, 2003Feb 19, 2004Jul 28, 2004Oct 28, 2004Feb 23, 2005Apr 28, 2005Jul 28, 2005Oct 27, 2005Feb 22, 2006Apr 27, 2006Jul 27, 2006Oct 30, 2006Feb 22, 2007Apr 27, 2007Aug 13, 2007Oct 26, 2007Feb 28, 2008May 2, 2008Aug 1, 2008Oct 27, 2008Feb 19, 2009May 6, 2009Aug 5, 2009Nov 3, 2009Mar 3, 2010May 3, 2010Aug 4, 2010Oct 29, 2010Feb 28, 2011May 9, 2011Aug 8, 2011Nov 7, 2011Feb 28, 2012May 7, 2012Aug 2, 2012Nov 1, 2012Feb 28, 2013May 3, 2013Aug 1, 2013Nov 4, 2013Feb 26, 2014May 7, 2014Aug 5, 2014Nov 4, 2014Feb 19, 2015May 6, 2015Aug 5, 2015Nov 3, 2015Feb 17, 2016May 4, 2016Aug 3, 2016Nov 2, 2016Feb 15, 2017May 3, 2017Aug 2, 2017Nov 1, 2017Feb 14, 2018May 2, 2018Aug 1, 2018Oct 31, 2018Feb 13, 2019May 1, 2019Jul 31, 2019Oct 30, 2019Feb 13, 2020Apr 30, 2020Jul 29, 2020Oct 28, 2020Feb 17, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Feb 16, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Feb 15, 2023Apr 26, 2023Jul 27, 2023Oct 25, 2023Feb 14, 2024May 1, 2024Jul 31, 2024Oct 30, 2024Feb 12, 2025Apr 30, 2025Jul 30, 2025Oct 29, 2025Feb 11, 2026Apr 29, 2026Jul 29, 2026Oct 28, 2026
EPS Estimate0.210.24-------0.240.240.240.240.230.250.24-0.250.23-0.230.240.23----0.26----0.160.160.180.140.120.130.110.110.240.380.59-0.680.740.720.75-0.370.400.33-0.380.58-0.42----0.410.41----------------------------------------
EPS Actual0.240.240.210.280.220.170.210.110.210.190.210.230.260.230.240.240.160.220.23-0.100.240.030.110.660.130.550.120.271.390.240.270.150.130.160.130.210.120.110.120.160.400.680.740.760.720.760.851.481.070.350.360.770.540.500.370.350.42-0.270.380.080.530.570.39-0.070.560.75-0.25-0.130.270.620.080.120.25-0.080.10-0.06-1.69-1.60-1.41-1.070.08-0.090.10-0.010.440.31-0.91-1.49-0.08-0.03-0.62-0.43-0.57-0.030.16-0.55-0.18-0.030.07-0.120.090.03-
Surprise14.29%0.00%--------20.83%-12.50%-4.17%8.33%0.00%-4.00%0.00%--12.00%0.00%-4.35%-87.50%-52.17%----3.85%-----18.75%0.00%-27.78%50.00%0.00%-15.38%9.09%45.45%66.67%78.95%25.42%-5.88%2.70%18.06%97.33%--5.41%-10.00%133.33%-31.58%-36.21%-0.00%----39.02%-4.88%----------------------------------------
Timing----------After-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours----After-hours--------After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap485.69M
Enterprise Value1.71B
Trailing P/E90.25
Forward P/E8.73
PEG Ratio0.00
Price / Sales2.01
Price / Book0.55
EPS0.08
Book Value12.94
Revenue (TTM)241.67M
Gross Profit (TTM)115.42M
EBITDA111.45M
Profit Margin2.00%
Operating Margin44.95%
Return on Equity0.56%
Return on Assets3.20%
Shares Outstanding67.27M
Shares Float18.51M
Beta0.09
Dividend Yield3.32%
Dividend Rate0.24
Payout Ratio110.19%

Dividends

202610×
0.02Oct 30, 20260.02Sep 29, 20260.02Aug 31, 20260.02Jul 31, 20260.02Jun 30, 20260.02May 29, 20260.02Apr 30, 20260.02Mar 31, 20260.02Feb 27, 20260.02Jan 30, 2026
202512×
0.02Dec 15, 20250.02Nov 28, 20250.02Oct 31, 20250.02Sep 29, 20250.02Aug 29, 20250.02Jul 31, 20250.02Jun 30, 20250.02May 30, 20250.02Apr 30, 20250.02Mar 31, 20250.02Feb 28, 20250.02Jan 31, 2025
20242×
0.06Dec 31, 20240.02Dec 16, 2024