Morguard North American Residential Real Estate Investment Trust (T:MRG.UN)
Business Focus: Residential REITs
Mostly sunny as of September 01, 2023
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Latest 10 SEDI filings for MRG within the last 6 months
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Company News
Sep 26, 2023 10:00 ET
Morguard North American Residential REIT 2023 Third Quarter Results Conference Call
MISSISSAUGA, ON, Sept. 26, 2023 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN), expects to announce its financial results for the quarters ended September 30, 2023 and 2022 on Tuesday, October 24, 2023.
Sep 15, 2023 10:00 ET
Morguard North American Residential REIT Declares September 2023 Distribution of $0.06 per Unit
MISSISSAUGA, ON, Sept. 15, 2023 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of $0.06 per unit for the month of September 2023. The distribution will be payable on October 16, 2023 to unitholders of record as at September 29, 2023.
Valuation Ratios
Industry
Sector
Beta
--
--
--
Price to Sales - TTM
1.80
4.16
3.32
Price to Book - most recent quarter
0.45
0.70
1.15
Price to Cash Flow per share - TTM
--
11.18
11.23
Price to Free Cash Flow per share - TTM
8.44
14.97
20.50
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 389,607 | -4,591 |
| Aug 31, 2023 | 394,198 | 21,055 |
| Aug 15, 2023 | 373,143 | -15,423 |
Business Summary
| Sector: Real Estate | Industry: Residential REITs |
Morguard North American Residential Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and United States residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland. The objectives of the REIT are to generate stable and growing cash distributions to Unitholders on a tax-efficient basis; to enhance the value of its portfolio and the long-term value of its units through active asset and property management; and to expand the REIT's asset base, primarily through acquisitions and property improvements. The REIT's multi-suite residential property portfolio consists of about 16 Canadian properties and 27 United States properties, having a total of approximately 13,089 residential suites and 239,500 square feet of commercial area.
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