Morguard Corporation (TSX:MRC)
Canada · Delayed Price · Currency is CAD 115.45
+0.40 (0.35%)
At close: Mar 16, 2026
Morguard Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Property Revenue | 1,064 | 1,068 | 1,162 | 1,079 | 976.61 |
Service and Other Revenue | 41.24 | 39.68 | 43.57 | 41.34 | 45.3 |
| 1,106 | 1,108 | 1,206 | 1,120 | 1,022 | |
Revenue Growth (YoY) | -0.18% | -8.14% | 7.67% | 9.60% | -0.64% |
Property Expenses | 351.27 | 343.87 | 423.54 | 412.91 | 351.62 |
Total Property Expenses | 351.27 | 343.87 | 423.54 | 412.91 | 351.62 |
Property Taxes | 151.55 | 157.27 | 143.37 | 129.14 | 136.99 |
Gross Profit | 602.85 | 606.58 | 638.99 | 577.98 | 533.3 |
Selling, General & Admin | 91.78 | 87.87 | 87.13 | 77.61 | 80.2 |
Depreciation & Amortization Expenses | 6.86 | 11.01 | 23.08 | 26.51 | 32.5 |
Other Operating Expenses | - | - | 11 | - | 45.29 |
Operating Income | 504.21 | 507.7 | 517.78 | 473.85 | 375.31 |
Net Gains on Disposal of Properties | - | 150.59 | - | - | - |
Interest Income | 18.87 | 18.64 | 22.45 | 17.86 | 46.95 |
Interest Expense | -255.93 | -256.74 | -264.68 | -229.34 | -220.31 |
Other Non-Operating Income (Expense) | -26.74 | -121.72 | -215.97 | -126.91 | 206.15 |
Total Non-Operating Income (Expense) | -263.8 | -209.23 | -458.2 | -338.39 | 32.79 |
Pretax Income | 240.42 | 298.47 | 81.59 | 135.46 | 408.1 |
Provision for Income Taxes | 61.51 | 58.84 | 23.35 | 23.21 | 151.48 |
Net Income | 174.87 | 261.8 | 74.18 | 122.77 | 249.76 |
Minority Interest in Earnings | 4.03 | -22.17 | -15.94 | -10.52 | 6.86 |
Net Income to Common | 174.87 | 261.8 | 74.18 | 122.77 | 249.76 |
Net Income Growth | -33.20% | 252.94% | -39.58% | -50.84% | - |
Shares Outstanding (Basic) | 11 | 11 | 11 | 11 | 11 |
Shares Outstanding (Diluted) | 11 | 11 | 11 | 11 | 11 |
Shares Change (YoY) | -0.96% | -0.89% | -1.60% | -0.18% | -0.91% |
EPS (Basic) | 16.34 | 24.23 | 6.80 | 11.08 | 22.50 |
EPS (Diluted) | 16.34 | 24.23 | 6.80 | 11.08 | 22.50 |
EPS Growth | -32.56% | 256.32% | -38.63% | -50.76% | - |
Free Cash Flow | -9.39 | 30.72 | -39.94 | -179.44 | 86.66 |
Free Cash Flow Growth | - | - | - | - | -27.98% |
Free Cash Flow Per Share | - | 2.84 | -3.66 | - | 7.81 |
Dividends Per Share | 0.800 | 0.650 | 0.600 | 0.600 | 0.600 |
Dividend Growth | 23.08% | 8.33% | - | - | - |
Gross Margin | 54.52% | 54.76% | 52.99% | 51.60% | 52.19% |
Operating Margin | 45.60% | 45.83% | 42.94% | 42.31% | 36.73% |
Profit Margin | 16.18% | 21.63% | 4.83% | 10.02% | 25.11% |
FCF Margin | -0.85% | 2.77% | -3.31% | -16.02% | 8.48% |
EBITDA | 504.21 | 507.7 | 517.78 | 473.85 | 375.31 |
EBIT | 504.21 | 507.7 | 517.78 | 473.85 | 375.31 |
EBIT Margin | 45.60% | 45.83% | 42.94% | 42.31% | 36.73% |
Effective Tax Rate | 25.59% | 19.71% | 28.62% | 17.13% | 37.12% |
Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.