MRG-UN — Morguard North American Residential Real Estate Investment Trust

MRG-UNMorguard North American Residential Real Estate Investment Trust

TSX · CA · Real Estate · REIT - Residential · morguard.com

16.72CAD-1.07%Mkt Cap: 1.16B CADP/E: 10.26Last update: 2026-06-01

Morguard North American Residential Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. The Units of the REIT trade on the Toronto Stock Exchange. With a strategic focus on the acq…

Industry Peers

REIT - Residential

EKGYO

Emlak Konut Gayrimenkul Yatirim Ortakligi A.S.

70.33BTRYP/E 120.1

AVB

AvalonBay Communities, Inc.

Essex Property Trust, Inc.

19.28BUSDP/E 31.5

INVH

Invitation Homes Inc.

17.38BUSDP/E 30.8

SUI

Sun Communities, Inc.

15.51BUSD—

MAA

Mid-America Apartment Communities, Inc.

15.41BUSDP/E 39.1

SNGYO

Sinpas Gayrimenkul Yatirim Ortakligi A.S.

14.23BTRYP/E 16.2

Indicators:|

Key Statistics

Company

Market Cap1.16B CAD

Enterprise Value2.69B CAD

Revenue (TTM)356.05M CAD

Gross Profit166.49M CAD

Net Income (TTM)102.97M CAD

Revenue/Share10.19 CAD

Last Price16.72 CAD

Fiscal Year EndDec 2025

MR QuarterMar 2026

Employees—

CountryCA

SectorReal Estate

IndustryREIT - Residential

ISIN—

Valuation

P/E (Trailing)10.26

P/E (Forward)12.25

PEG—

EV/EBITDA—

EV/Revenue7.56

P/S3.29

P/B0.30

EPS (TTM)1.63

EPS (Forward)1.38

52W Range

16.3114% of range19.20

52W High19.20 CAD

52W Low16.31 CAD

Profitability

Gross Margin46.95%

Oper. Margin19.17%

EBITDA Margin0.00%

Profit Margin29.03%

ROE5.16%

ROA2.27%

Growth

Revenue Growth-4.70%

Earnings Growth0.40%

Cash Flow & Leverage

Operating CF87.76M CAD

CapEx (TTM)—

FCF Margin37.67%

FCF Yield11.56%

Net Debt1.99B CAD

Net Debt/EBITDA—

Balance Sheet

Debt/Equity0.89

Current Ratio0.51

Quick Ratio0.33

Book Value/Sh57.10 CAD

Cash/Share2.327 CAD

Dividends

Fwd Div Rate0.7900 CAD

Trail. Div Rate0.7720 CAD

Div. Yield4.67%

5Y Avg Yield4.29%

Payout Ratio47.54%

Ex-Div DateMay 29, 2026

Pay DateJun 15, 2026

Analyst Consensus

Rating—

Target (Mean)21.25 CAD

Target Range20.00 CAD – 23.00 CAD

# Analysts4

Ownership

Shares Out.34.94M

Float25.13M

Insiders28.07%

Institutions3.60%

Short Interest

Short Ratio24.4d

Short % Out.1.30%

Shares Short656.83K

Short (prev mo.)667.12K

Technical

SMA 5016.99 (-1.6%)

SMA 20017.70 (-5.6%)

Beta0.94

S&P 52W Chg27.70%

Avg Vol (30d)24.02K

Avg Vol (10d)19.24K

Technical Indicators

RSI (14)50.9

MACD-0.0953

MACD Signal-0.1530

MACD Hist.+0.0576

BB Upper17.07 CAD

BB Middle16.70 CAD

BB Lower16.33 CAD

BB Width4.44%

ATR (14)0.2562 CAD

Vol Ratio (20d)0.58x