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Marwest Apartment Real Estate Investment Trust

Marwest Apartment Real Estate Investment Trust

MAR-UN · V · Real Estate / REIT - Residential

0.80CAD+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close0.80
Open0.80
Day Range0.80 – 0.80
52-Week Range0.676 – 0.8277
Volume7.66K
Market Cap7.68M
P/E (TTM)4.71
Forward P/E0.00
EPS0.17
Dividend Yield2.18%
Beta0.09
50-Day Avg0.7766
200-Day Avg0.7799

About

Marwest Apartment Real Estate Investment is an unincorporated real estate investment trust governed by the amended and restated declaration of trust dated April 30, 2021 and by the laws of the Province of Manitoba. The REIT was formed on July 2, 2020 under the name (Marwest Apartment Real Estate Investment Trust) and converted to an open ended trust effective April 30, 2021. On April 30, 2021, the REIT completed its' Qualifying Transaction and as such commenced commercial operations. The authorized equity and voting securities of the REIT are comprised of Trust Units and special voting units. Marwest Apartment Real Estate Investment was established on 2 July 2020 and was incorporated in Canada.

Company Details

  • SectorReal Estate
  • IndustryREIT - Residential
  • CEOMr. William C. Martens
  • Employees0
  • Headquarters220 Portage Avenue, Winnipeg, MB, Canada, R3C 0A5, Canada
  • Websitehttps://www.marwestreit.com

Leadership

  • Mr. William C. MartensCEO & Trustee · b. 1976
  • Ms. Jennifer NazimekCFO & Secretary · b. 1979
  • Mr. Armin W. MartensExecutive Vice-President · b. 1986

Financials

Income Statement

Currency: CAD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue03.34M7.17M9.96M10.35M10.58M
Growth (%)--+114.71%+38.88%+3.89%+2.29%
Cost of Revenue-1.32M2.87M3.60M3.47M4.19M
Gross Profit-2.02M4.30M6.36M6.88M6.39M
Gross Margin-60.57%60.03%63.86%66.45%60.42%
Operating Expense-438.46K715.47K887.56K842.23K872.85K
Operating Income-102.50K1.58M3.59M5.47M6.03M5.52M
Operating Margin-47.44%50.05%54.95%58.31%52.17%
EBITDA-10.08M5.47M11.80M15.37M4.01M
EBITDA Margin-301.72%76.22%118.47%148.53%37.92%
Net Income-102.20K9.22M3.40M8.70M12.16M867.72K
Net Income Margin-275.91%47.43%87.37%117.49%8.20%
Interest Expense0862.00K2.06M3.10M3.21M3.15M
Interest Expense % of Total Revenue-25.81%28.79%31.10%31.04%29.72%

Balance Sheet

Currency: CAD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets471.98K91.42M131.81M139.77M150.09M150.59M
Total Liabilities15.38K75.53M112.80M112.19M110.19M109.55M
Total Equity456.59K15.89M19.01M27.58M39.90M41.04M
Cash471.98K4.22M1.42M1.77M4.24M4.32M
Net Debt-61.33M100.69M99.00M97.44M96.03M

Cash Flow

Currency: CAD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-173.64K690.49K1.99M2.37M2.95M2.28M
Investing Cash Flow83.20K83.20K-9.41M---
Financing Cash Flow1.12M2.97M4.62M-1.96M-78.93K-1.98M
Capital Expenditure096.47K167.84K52.73K377.72K219.38K
Free Cash Flow-86.82K594.03K1.82M2.32M2.57M2.06M
Dividends Paid130.88K130.88K130.88K130.77K136.08K151.19K
FCF to OCF50.00%86.03%91.56%97.78%87.17%90.39%
Dividend Paid to FCF-150.76%22.03%7.19%5.64%5.30%7.32%

Key Statistics & Ratios

Market Cap7.68M
Enterprise Value102.54M
Trailing P/E4.71
Forward P/E0.00
Price / Sales0.71
Price / Book0.18
EPS0.17
Book Value4.26
Revenue (TTM)10.74M
Gross Profit (TTM)6.46M
Profit Margin14.52%
Operating Margin49.26%
Return on Equity3.90%
Return on Assets2.31%
Shares Outstanding9.59M
Shares Float7.71M
Beta0.09
Dividend Yield2.18%
Dividend Rate0.02
Payout Ratio10.24%

Dividends

20269×
0.00Oct 30, 20260.00Aug 31, 20260.00Jul 31, 20260.00Jun 30, 20260.00May 29, 20260.00Apr 30, 20260.00Mar 31, 20260.00Feb 27, 20260.00Jan 30, 2026
202512×
0.00Dec 31, 20250.00Nov 28, 20250.00Oct 31, 20250.00Sep 29, 20250.00Aug 29, 20250.00Jul 31, 20250.00Jun 30, 20250.00May 30, 20250.00Apr 30, 20250.00Mar 31, 20250.00Feb 28, 20250.00Jan 31, 2025
20243×
0.00Dec 31, 20240.00Nov 29, 20240.00Oct 31, 2024