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XTSEMRG.UN
Market cap432mUSD
Dec 24, Last price  
17.13CAD
1D
0.41%
1Q
-10.97%
Jan 2017
25.77%
IPO
63.92%
Name

Morguard North American Residential Real Estate Investment Trust

Chart & Performance

D1W1MN
XTSE:MRG.UN chart
P/E
3.53
P/S
1.88
EPS
4.85
Div Yield, %
4.33%
Shrs. gr., 5y
11.65%
Rev. gr., 5y
6.56%
Revenues
332m
+19.08%
71,923,00078,610,000142,939,000174,815,000198,442,000218,472,000226,495,000241,368,000245,596,000248,683,000245,566,000278,491,000331,620,000
Net income
176m
-19.58%
86,803,000187,779,00056,381,00038,157,00038,784,00029,263,000160,437,000172,225,00076,815,000175,216,000242,088,000219,282,000176,336,000
CFO
89m
+18.35%
21,125,0004,113,00038,697,00036,210,00042,584,00052,602,00059,476,00059,947,00062,483,00050,128,00063,696,00075,173,00088,966,000
Dividend
Sep 27, 20240.06167 CAD/sh
Earnings
Feb 11, 2025

Profile

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management. The REIT's portfolio is comprised of 13,275 residential suites (as of October 27, 2020) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $3.1 billion at September 30, 2020.
URL
https://www.morguard.com/
IPO date
Apr 13, 2012
Employees
Domiciled in
CA
Incorporated in
CA

Valuation

Title
CAD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
331,620
19.08%
278,491
13.41%
245,566
-1.25%
Cost of revenue
173,357
165,988
144,855
Unusual Expense (Income)
NOPBT
158,263
112,503
100,711
NOPBT Margin
47.72%
40.40%
41.01%
Operating Taxes
8,083
70,337
65,518
Tax Rate
5.11%
62.52%
65.06%
NOPAT
150,180
42,166
35,193
Net income
176,336
-19.58%
219,282
-9.42%
242,088
38.17%
Dividends
(26,953)
(26,665)
(26,564)
Dividend yield
3.12%
2.72%
3.84%
Proceeds from repurchase of equity
(23,533)
BB yield
2.72%
Debt
Debt current
167,624
219,945
96,977
Long-term debt
1,412,132
1,279,825
1,296,027
Deferred revenue
2,079,028
1,911,902
Other long-term liabilities
254,385
(1,800,014)
(1,606,881)
Net debt
1,508,649
1,379,672
1,270,066
Cash flow
Cash from operating activities
88,966
75,173
63,696
CAPEX
Cash from investing activities
(209,009)
(11,058)
(31,300)
Cash from financing activities
120,837
(78,880)
(33,053)
FCF
(77,095)
(415,798)
(326,202)
Balance
Cash
17,825
14,636
26,562
Long term investments
53,282
105,462
96,376
Excess cash
54,526
106,173
110,660
Stockholders' equity
1,910,889
2,896,026
2,410,220
Invested Capital
3,723,207
3,511,765
3,139,685
ROIC
4.15%
1.27%
1.18%
ROCE
3.92%
2.90%
2.94%
EV
Common stock shares outstanding
58,501
60,543
39,064
Price
14.77
-8.83%
16.20
-8.53%
17.71
11.03%
Market cap
864,060
-11.90%
980,797
41.77%
691,828
11.16%
EV
2,479,582
3,551,782
2,936,138
EBITDA
162,904
112,503
100,711
EV/EBITDA
15.22
31.57
29.15
Interest
60,663
49,878
46,370
Interest/NOPBT
38.33%
44.33%
46.04%