Morguard Corporation (TSX:MRC)
Canada · Delayed Price · Currency is CAD 114.80
+0.05 (0.04%)
Aug 25, 2026, 3:59 PM EST
Morguard Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Rental Revenue | 1,055 | 1,064 | 1,068 | 1,162 | 1,079 | 976.61 |
Property Management Fees | 40.57 | 41.24 | 39.68 | 43.57 | 41.34 | 45.3 |
Other Revenue | 1.36 | 0.97 | -0.72 | 4.33 | 1.21 | -29.4 |
| 1,115 | 1,125 | 1,126 | 1,228 | 1,138 | 1,001 | |
Revenue Growth (YoY | -1.17% | -0.16% | -8.30% | 7.95% | 13.67% | -3.03% |
Property Expenses | 593.86 | 594.61 | 589.01 | 654.04 | 619.66 | 568.81 |
Depreciation & Amortization | 5.38 | 6.86 | 11.01 | 23.08 | 26.51 | 32.5 |
Total Operating Expenses | 599.24 | 601.47 | 600.02 | 677.12 | 646.18 | 601.31 |
Operating Income | 515.78 | 523.08 | 526.35 | 551.23 | 491.71 | 399.69 |
Interest Expense | -257.03 | -254.92 | -256.21 | -266.46 | -231.63 | -222.96 |
Interest & Investment Income | 0.58 | 0.58 | 0.19 | 0.26 | 1.13 | 0.96 |
Currency Exchange Gain (Loss) | 0.07 | -0.14 | -0.32 | -0.06 | 0 | 1.37 |
Other Non-Operating Income | 12.27 | -29.71 | -87.75 | 16.64 | 3.84 | 4.89 |
EBT Excluding Unusual Items | 271.68 | 238.89 | 182.25 | 301.61 | 265.05 | 183.95 |
Gain (Loss) on Sale of Investments | 14.88 | 0.47 | -16.26 | -29.38 | 7.31 | 2.92 |
Gain (Loss) on Sale of Assets | - | - | 150.59 | - | -8.51 | - |
Asset Writedown | -1.7 | 1.06 | -17.85 | -190.65 | -130.15 | 221.68 |
Other Unusual Items | -2.58 | - | -0.26 | - | 1.75 | -0.45 |
Pretax Income | 282.27 | 240.42 | 298.47 | 81.59 | 135.46 | 408.1 |
Income Tax Expense | 63.15 | 61.51 | 58.84 | 23.35 | 23.21 | 151.48 |
Earnings From Continuing Operations | 219.12 | 178.9 | 239.63 | 58.24 | 112.25 | 256.62 |
Minority Interest in Earnings | -13.21 | -4.03 | 22.17 | 15.94 | 10.52 | -6.86 |
Net Income | 205.91 | 174.87 | 261.8 | 74.18 | 122.77 | 249.76 |
Net Income to Common | 205.91 | 174.87 | 261.8 | 74.18 | 122.77 | 249.76 |
Net Income Growth | 8.58% | -33.20% | 252.94% | -39.58% | -50.84% | - |
Basic Shares Outstanding | 11 | 11 | 11 | 11 | 11 | 11 |
Diluted Shares Outstanding | 11 | 11 | 11 | 11 | 11 | 11 |
Shares Change | -0.63% | -0.98% | -0.89% | -1.59% | -0.20% | -0.93% |
EPS (Basic) | 19.27 | 16.34 | 24.23 | 6.80 | 11.08 | 22.50 |
EPS (Diluted) | 19.27 | 16.34 | 24.23 | 6.80 | 11.08 | 22.50 |
EPS Growth | 9.27% | -32.54% | 256.11% | -38.61% | -50.75% | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Dividend Per Share | 0.800 | 0.800 | 0.650 | 0.600 | 0.600 | 0.600 |
Dividend Growth | 6.67% | 23.08% | 8.33% | 0% | 0% | 0% |
Operating Margin | 46.26% | 46.52% | 46.73% | 44.88% | 43.21% | 39.93% |
Profit Margin | 18.47% | 15.55% | 23.24% | 6.04% | 10.79% | 24.95% |
EBITDA | 521.16 | 529.94 | 537.36 | 574.31 | 518.22 | 432.14 |
EBITDA Margin | 46.74% | 47.13% | 47.71% | 46.76% | 45.54% | 43.17% |
D&A For Ebitda | 5.38 | 6.86 | 11.01 | 23.08 | 26.51 | 32.44 |
EBIT | 515.78 | 523.08 | 526.35 | 551.23 | 491.71 | 399.69 |
EBIT Margin | 46.26% | 46.52% | 46.73% | 44.88% | 43.21% | 39.93% |
Funds From Operations (FFO) | 224.07 | 221.6 | 206.65 | 214.12 | 211.6 | 187.92 |
Adjusted Funds From Operations (AFFO) | - | 221.6 | 206.65 | 214.12 | 211.6 | 187.92 |
FFO Payout Ratio | 3.80% | 3.85% | 3.38% | 3.03% | 3.13% | 3.51% |
Effective Tax Rate | 22.37% | 25.59% | 19.71% | 28.62% | 17.13% | 37.12% |