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Morguard North American Residential Real Estate Investment Trust (T:MRG.UN)

Business Focus: Residential REITs

INK Edge Outlook

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for MRG within the last 6 months
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Company News

Jun 14, 2024 10:00 ET
Morguard North American Residential REIT Declares June 2024 Distribution of $0.06167 per Unit
MISSISSAUGA, ON, June 14, 2024 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of $0.06167 per unit for the month of June 2024.  The distribution will be payable on July 15, 2024 to unitholders of record as at June 28, 2024.
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May 15, 2024 10:00 ET
Morguard North American Residential REIT Declares May 2024 Distribution of $0.06167 per Unit
MISSISSAUGA, ON, May 15, 2024 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of $0.06167 per unit for the month of May 2024.  The distribution will be payable on June 14, 2024 to unitholders of record as at May 31, 2024.
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
1.67
3.71
3.39
Price to Book - most recent quarter
0.43
0.64
1.15
Price to Cash Flow per share - TTM
--
5.12
9.51
Price to Free Cash Flow per share - TTM
8.96
12.93
17.66
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jun 15, 2024426,905-346
May 31, 2024427,2516,941
May 15, 2024420,31022,834
See Short Report

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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