Morguard Corporation (T:MRC)
Business Focus: Real Estate Rental, Development & Operations (NEC)
Sunny as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for MRC within the last 6 months
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Company News
Mar 26, 2024 07:30 ET
Morguard Corporation Announces Appointment of Angela Sahi as President and Chief Operating Officer
MISSISSAUGA, ON, March 26, 2024 /CNW/ - Morguard Corporation (TSX: MRC) is pleased to announce that Angela Sahi, CPA, has been appointed as its President and Chief Operating Officer, effective immediately. In this new role, Angela will oversee the company's operations and drive strategic initiatives aimed at enhancing Morguard's market position and delivering value to its stakeholders.
Mar 18, 2024 08:55 ET
U.S. Multi-Suite Residential Rental Market Activity Expected to Increase in the Second Half of 2024: Morguard
MISSISSAUGA, ON, March 18, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) today released its 2024 U.S. National Economic Outlook and Multi-Suite Residential Rental Market Fundamentals Report, offering a comprehensive analysis and insights into the 2024 U.S. real estate market and economic landscape. The multi-suite residential rental market's rent growth will be modest in 2024 as demand falls short of new supply during the peak phase of the construction cycle. The U.S. economy is expected to expand at a relatively solid pace in the near term, in line with the accelerated economic
Valuation Ratios
Industry
Sector
Beta
1.18
--
--
Price to Sales - TTM
0.98
4.03
3.18
Price to Book - most recent quarter
0.31
1.00
1.15
Price to Cash Flow per share - TTM
--
7.66
10.17
Price to Free Cash Flow per share - TTM
4.10
15.12
20.71
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 3,111 | 525 |
| Mar 15, 2024 | 2,586 | -1,603 |
| Feb 29, 2024 | 4,189 | 847 |
Business Summary
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
Morguard Corporation is a Canada-based real estate company. The Company's principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust.
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