Morguard Corporation (TSX: MRC)
Canada
· Delayed Price · Currency is CAD | Market Cap | 1.21B |
| Revenue (ttm) | 1.20B |
| Net Income (ttm) | 239.31M |
| Shares Out | 10.81M |
| EPS (ttm) | 22.01 |
| PE Ratio | 5.08 |
| Forward PE | 4.70 |
| Dividend | 0.60 (0.54%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 1,057 |
| Open | 111.06 |
| Previous Close | 111.80 |
| Day's Range | 111.06 - 112.50 |
| 52-Week Range | 100.05 - 122.58 |
| Beta | 1.18 |
| Analysts | n/a |
| Price Target | 135.00 (+20.64%) |
| Earnings Date | Jul 31, 2024 |
About Morguard
Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients ... [Read more]
Financial Performance
In 2023, Morguard's revenue was 1.22 billion, an increase of 9.28% compared to the previous year's 1.12 billion. Earnings were 74.18 million, a decrease of -39.58%.
Financial StatementsNews
Morguard Corporation Announces Voting Results from the 2024 Annual Meeting of Shareholders
MISSISSAUGA, ON , May 10, 2024 /CNW/ - Morguard Corporation (the "Corporation") (TSX: MRC) today announced the results of matters voted on at its annual shareholders' meeting held on May 8, 2024 (the...
Performance with Positive Impacts: Morguard Releases 2023 ESG Report
Morguard maintains its commitment to reduce environmental impacts and support communities where we live and work. MISSISSAUGA, ON , May 9, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) to...
Morguard Corporation Announces 2024 First Quarter Results and Regular Eligible Dividend
MISSISSAUGA, ON , May 7, 2024 /CNW/ - Morguard Corporation ("Morguard" or the "Company") (TSX: MRC) is pleased to announce its financial results for the three months ended March 31, 2024 . Reporting ...
Morguard Launches CHECK-IN! Initiative in Partnership with Kids Help Phone
A series of engaging events from Morguard will promote awareness of youth mental health and wellness issues across Canada MISSISSAUGA, ON , May 3, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: ...
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 imme...
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 Rep...
Morguard Announces the Sale of 181 Queen Street in Ottawa
MISSISSAUGA, ON , March 7, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) today announced the sale of 181 Queen Street in Ottawa to Public Works and Government Services ("Purchaser"). The ...
G2S2 CAPITAL INC. ANNOUNCES INCREASED INVESTMENT IN MORGUARD REAL ESTATE INVESTMENT TRUST
HALIFAX, NS , Feb. 23, 2024 /CNW/ - G2S2 Capital Inc. ("G2S2") announces that its wholly owned subsidiary has acquired ownership of, and control over, an additional 152,900 trust units ("Units") of Mo...
Morguard declares $0.15 dividend
Morguard says total revenue during the year ended Dec 31 was C$1.2B
Morguard Corporation Announces 2023 Results and Regular Eligible Dividend
MISSISSAUGA, ON , Feb. 22, 2024 /CNW/ - Morguard Corporation ("Morguard" or the "Company") (TSX: MRC) is pleased to announce its financial results for the year ended December 31, 2023 . Reporting Hig...
Morguard North American Residential REIT Announces 2023 Results
MISSISSAUGA, ON , Feb. 13, 2024 /CNW/ - Morguard North American Residential REIT (the "REIT") (TSX: MRG) today announced its financial results for the year ended December 31, 2023 . Highlights The RE...
Canadian Commercial Real Estate Market Outlook Remained Steady in Q4 2023: Morguard
Canadian multi-suite residential rental property rent growth moderated during the fourth quarter. Supply constraints eased slightly in the industrial leasing market due to a wave of new supply and dem...
Morguard Completes $410 Million Sale of Hotel Portfolio
MISSISSAUGA, ON , Jan. 19, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) announced today the successful completion of its previously announced sale of a portfolio of 14 high-quality hotel...
Morguard Announces Strategic Sale of Hotel Portfolio
The transaction marks a significant milestone for Morguard's portfolio optimization. MISSISSAUGA, ON , Jan. 8, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) announced today an uncondition...
Morguard Celebrates Prestigious Win at the 2023 FRPO MAC Awards
MISSISSAUGA, ON , Dec. 4, 2023 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) is proud to announce its success at the esteemed 2023 FRPO MAC Awards, securing the title for Best Management Websi...
Canada's Multi-Suite Residential and Industrial Real Estate Poised for Continued Strength in 2024: Morguard
Multi-suite residential rental demand will outpace the available supply of units in new and existing properties, resulting in significant imbalance. The industrial leasing market outlook is stable and...
Morguard reports Q3 results
Morguard Corporation announces Q3 results with a normalized FFO of C$5.95/share, revenue of C$250.6M (+6.7% Y/Y), and a 4.3% increase in Adj.
Morguard declares CAD 0.15 dividend
Morguard (MRC:CA) declares CAD 0.15/share quarterly dividend, in line with previous. Payable Dec. 29; for shareholders of record Dec. 15; ex-div Dec. 14. See MR
Investors Remain Confident Amid U.S. Multi Suite Residential Sales Slowdown: Morguard
MISSISSAUGA, ON , Sept. 26, 2023 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) today released its 2023 U.S. Economic Outlook and Multi-Suite Residential Rental Market Fundamentals Mid-Year Upd...
Morguard Announces Completion of $175 Million Offering of 9.5% Series H Senior Unsecured Debentures
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / MISSISSAUGA, ON , Sept. 26, 2023 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) announced today that it ...
Morguard gets $175M senior debentures offering
Morguard plans to issue $175M series H senior unsecured debentures with a 9.5% interest rate, using proceeds to repay existing debentures.
Morguard gets $175M senior debentures offering
Morguard plans to issue $175M series H senior unsecured debentures with a 9.5% interest rate, using proceeds to repay existing debentures.
Morguard Announces $175 Million Offering of 9.5% Series H Senior Unsecured Debentures
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / MISSISSAUGA, ON , Sept. 21, 2023 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) announced today that it ...
Morguard Welcomes Ferragamo's Newest Canadian Boutique to The Colonnade in Bloor-Yorkville
MISSISSAUGA, ON , Sept. 20, 2023 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) extends a warm welcome to Ferragamo, one of the most acclaimed brands in the luxury industry, to The Colonnade at...