MRG-UN:CA:TSX-Morguard North American Residential Real Estate Investment Trust (CAD)

COMMON STOCK | REIT - Residential |

Last Closing

CAD 18.69

Change

-0.12 (-0.64)%

Market Cap

CAD 1.03B

Volume

0.03M

Analyst Target

CAD 20.25
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management. The REIT's portfolio is comprised of 13,089 residential suites and 229,500 square feet of commercial area (as of October 24, 2023) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $4.0 billion at September 30, 2023.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-10-04 )

Largest Industry Peers for REIT - Residential

Symbol Name Price(Change) Market Cap
CAR-UN:CA Canadian Apartment Properties ..

-0.88 (-1.69%)

CAD 8.66B
BEI-UN:CA Boardwalk Real Estate Investme..

-1.57 (-1.90%)

CAD 4.45B
KMP-UN:CA Killam Apartment Real Estate I..

-0.24 (-1.19%)

CAD 2.53B
IIP-UN:CA InterRent Real Estate Investme..

-0.30 (-2.40%)

CAD 1.87B
HOM-UN:CA BSR Real Estate Investment Tru..

-0.27 (-1.41%)

CAD 1.03B
HOM-U:CA BSR Real Estate Investment Tru..

-0.47 (-3.30%)

CAD 0.76B
NRR-UN:CA Northview Residential REIT

+0.11 (+0.61%)

CAD 0.72B
MI-UN:CA Minto Apartment Real Estate In..

-0.47 (-2.87%)

CAD 0.67B
MHC-U:CA Flagship Communities Real Esta..

-0.19 (-1.24%)

CAD 0.47B
ERE-UN:CA European Residential Real Esta..

-0.01 (-0.31%)

CAD 0.30B

ETFs Containing MRG-UN:CA

RIT:CA CI Canadian REIT ETF 0.00 % 0.90 %

-0.08 (-0.46%)

CAD 0.51B

Market Performance

  Market Performance vs. Industry/Classification (REIT - Residential) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 26.37% 92% A 84% B
Dividend Return 2.08% 83% B 49% F
Total Return 28.45% 83% B 85% B
Trailing 12 Months  
Capital Gain 24.68% 83% B 64% D
Dividend Return 2.06% 50% F 38% F
Total Return 26.74% 83% B 63% D
Trailing 5 Years  
Capital Gain -7.98% 71% C- 26% F
Dividend Return 6.41% 71% C- 22% F
Total Return -1.56% 71% C- 24% F
Average Annual (5 Year Horizon)  
Capital Gain -0.38% N/A N/A 33% F
Dividend Return 0.89% N/A N/A 31% F
Total Return 1.27% N/A N/A 42% F
Risk Return Profile  
Volatility (Standard Deviation) 14.73% N/A N/A 46% F
Risk Adjusted Return 6.03% N/A N/A 30% F
Market Capitalization 1.03B 58% F 69% C-

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Dividend Growth

This stock has shown top quartile dividend growth in the previous 5 years compared to its sector

What to not like:
Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector