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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 March 01, 2024
For the latest outlook, get the company report

Insider Chart - Past 6 Months

Insider Filings

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

Mar 27, 2024 10:00 ET
Morguard North American Residential REIT 2024 First Quarter Results Conference Call
MISSISSAUGA, ON, March 27, 2024 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN), expects to announce its financial results for the quarters ended March 31, 2024 and 2023 on Tuesday, April 30, 2024.
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Mar 15, 2024 10:00 ET
Morguard North American Residential REIT Declares March 2024 Distribution of $0.06167 per Unit
MISSISSAUGA, ON, March 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 March 2024.  The distribution will be payable on April 15, 2024 to unitholders of record as at March 28, 2024.
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Valuation Ratios

Industry
Sector
Beta
--
--
--
Price to Sales - TTM
1.81
4.39
3.34
Price to Book - most recent quarter
0.47
0.76
1.09
Price to Cash Flow per share - TTM
--
9.80
11.34
Price to Free Cash Flow per share - TTM
9.69
15.73
21.94
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Mar 15, 2024407,2479,409
Feb 29, 2024397,8388,374
Feb 15, 2024389,46415,393
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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