Morguard North American Residential Real Estate Investment Trust (MNARF)

MNARF Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 10, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	485	442	434	422	468	547
Market Cap Growth	12.75%	2.05%	2.67%	-9.79%	-14.37%	11.92%
Enterprise Value	2,005	2,003	1,837	1,884	1,842	1,857
Last Close Price	13.82	12.09	11.42	10.28	10.29	11.32
Price/FFO Ratio	-	-	6.96	6.31	7.20	-
Price/AFFO Ratio	-	-	7.20	6.54	7.53	-
PE Ratio	6.45	5.89	6.12	3.16	2.89	2.86
PS Ratio	1.87	1.71	1.79	1.66	2.23	2.79
PB Ratio	0.32	0.29	0.30	0.28	0.34	0.44
P/OCF Ratio	7.57	6.91	6.40	6.27	8.43	10.86
EV/Sales Ratio	7.68	7.74	7.57	7.39	8.77	9.47
EV/EBIT Ratio	15.65	16.49	16.10	15.22	18.10	19.95
Debt / Equity Ratio	0.98	0.98	0.99	0.93	0.95	1.08
Net Debt / Equity Ratio	0.93	0.93	0.96	0.92	0.94	1.07
Asset Turnover	0.08	0.08	0.08	0.08	0.08	0.08
Quick Ratio	0.49	0.49	0.22	0.12	0.10	0.23
Current Ratio	0.59	0.59	0.57	0.19	0.74	0.84
Return on Equity (ROE)	5.29%	5.29%	4.88%	9.71%	14.02%	16.84%
Return on Assets (ROA)	2.28%	2.28%	2.37%	2.54%	2.32%	2.25%
Return on Invested Capital (ROIC)	3.62%	3.62%	3.63%	4.23%	3.10%	3.01%
Earnings Yield	15.50%	16.97%	16.33%	31.62%	34.61%	35.00%
Dividend Yield	4.00%	-	4.53%	5.33%	5.05%	4.88%
Payout Ratio	25.56%	25.56%	26.32%	15.29%	12.16%	10.97%
Buyback Yield / Dilution	-	-	3.85%	3.52%	-0.12%	-0.11%
Total Shareholder Return	4.00%	-	8.37%	8.84%	4.92%	4.77%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.