Morguard North American Residential Real Estate Investment TrustMRG-UN.TO

$16.90+0.06 (+0.36%)
TSXReal Estate24:00 UTC

Company snapshot

Market Cap
$882M
Small-cap
+139%
2016 — today
10-Year Price
+34%
2016 — today
52-Week Range
$16.35$19.06
Current $16.90· 20%

This open-ended, unincorporated real estate investment trust (REIT) is organized and operates under the legal framework of the Province of Ontario, Canada. Its shares are listed and actively traded on the Toronto Stock Exchange (TSX) using the ticker symbol MRG.UN. The REIT's strategic objective is to acquire premium multi-suite residential properties across Canada and the United States, thereby enhancing long-term unitholder value through diligent asset and property management. As of October 27, 2020, its extensive portfolio included 13,275 residential units. These properties, located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland, were appraised at approximately $3.1 billion as of September 30, 2020.

Valuation in context

P/E ratio
7.7
Historically pricey
Historically pricey — last 10 years
P/B ratio
0.4
Below average
Below the 10-year average
EV / EBITDA
11.7
Near historic low
Near historic low — last 10 years
Dividend Yield
4.6%
Historically high
Historically high relative to the last 10 years
FCF Yield
10.2%
Above average
Above the 10-year average
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