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

Business Focus: Residential REITs

INK Edge Outlook

Mostly sunny as of June 01, 2019
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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, 2019 10:10 ET
Morguard North American Residential REIT Declares June 2019 Distribution of $0.0566 per Unit
MISSISSAUGA, ON, June 14, 2019 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of $0.0566 per unit for the month of June, 2019.  The distribution will be payable on July 15, 2019 to unitholders of record as at June 28, 2019.
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May 15, 2019 10:00 ET
Morguard North American Residential REIT Declares May 2019 Distribution of $0.0566 per Unit
MISSISSAUGA, ON, May 15, 2019 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced that it has declared a distribution of $0.0566 per unit for the month of May, 2019.  The distribution will be payable on June 14, 2019 to unitholders of record as at May 31, 2019.
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
2.56
5.89
6.91
Price to Book - most recent quarter
0.63
1.03
1.56
Price to Cash Flow per share - TTM
--
13.01
11.51
Price to Free Cash Flow per share - TTM
15.35
28.03
20.77
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
May 31, 2019261,94517,338
May 15, 2019244,607-44,998
Apr 30, 2019289,605-2,696
See Short Report

Business Summary

Sector:  Financials Industry:  Residential REITs

Morguard North American Residential Real Estate Investment Trust (the Trust) is a real estate investment trust (REIT). The Trust's investment objectives are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT's assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations per Unit primarily through acquisitions and improvement of its properties through targeted deployed capital expenditures. The Trust owns multi-suite residential rental properties in Canada and the United States. The Trust owns interest in a portfolio of over 10 Canadian residential apartment buildings and approximately 30 residential walk-up garden communities in the United States, consisting of over 13,470 residential suites that are located in Alberta, Ontario, Colorado, Texas, Louisiana, Alabama, Georgia, Florida and North Carolina.

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