Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)
Canada · Delayed Price · Currency is CAD 16.55
-0.20 (-1.19%)
At close: Dec 5, 2025
TSX:MRG.UN Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
Rental Revenue | 354.36 | 344.19 | 331.62 | 278.49 | 245.57 | 248.68 | Upgrade |
Other Revenue | 5.08 | 4.96 | 5.14 | 5.85 | 2.69 | -9.87 | Upgrade |
| 359.44 | 349.15 | 336.76 | 284.34 | 248.26 | 238.81 | Upgrade | |
Revenue Growth (YoY | 3.57% | 3.68% | 18.44% | 14.53% | 3.95% | -2.80% | Upgrade |
Property Expenses | 168.36 | 162.77 | 151.38 | 127.28 | 116.07 | 113.15 | Upgrade |
Selling, General & Administrative | 23.03 | 22.18 | 21.98 | 19.36 | 14.39 | 15.24 | Upgrade |
Total Operating Expenses | 191.39 | 184.95 | 173.36 | 146.63 | 130.46 | 128.39 | Upgrade |
Operating Income | 168.05 | 164.2 | 163.41 | 137.71 | 117.79 | 110.43 | Upgrade |
Interest Expense | -88.75 | -83 | -75.19 | -63.68 | -65.72 | -62.11 | Upgrade |
Interest & Investment Income | 0.44 | 0.44 | - | 2.98 | - | - | Upgrade |
Currency Exchange Gain (Loss) | -0.01 | -0.57 | -0.02 | 0.07 | -0.02 | -0.22 | Upgrade |
Other Non-Operating Income | 25.79 | -38.92 | 23.94 | 26.6 | -30.23 | 44.18 | Upgrade |
EBT Excluding Unusual Items | 105.52 | 42.15 | 112.14 | 103.67 | 21.83 | 92.27 | Upgrade |
Gain (Loss) on Sale of Investments | 7.9 | 10.16 | 0.23 | -2.03 | - | - | Upgrade |
Asset Writedown | 16.76 | 60.37 | 81 | 208.25 | 288.66 | 72.24 | Upgrade |
Pretax Income | 130.18 | 112.68 | 193.36 | 309.9 | 310.49 | 164.51 | Upgrade |
Income Tax Expense | 6.45 | 13.28 | 8.08 | 70.34 | 65.52 | -2.29 | Upgrade |
Earnings From Continuing Operations | 123.73 | 99.4 | 185.28 | 239.56 | 244.97 | 166.81 | Upgrade |
Minority Interest in Earnings | -0.04 | 2.46 | -8.95 | -20.28 | -2.89 | 8.41 | Upgrade |
Net Income | 123.69 | 101.86 | 176.34 | 219.28 | 242.09 | 175.22 | Upgrade |
Net Income to Common | 123.69 | 101.86 | 176.34 | 219.28 | 242.09 | 175.22 | Upgrade |
Net Income Growth | 57.81% | -42.24% | -19.59% | -9.42% | 38.16% | 128.10% | Upgrade |
Basic Shares Outstanding | 35 | 36 | 38 | 39 | 39 | 39 | Upgrade |
Diluted Shares Outstanding | 35 | 36 | 38 | 39 | 39 | 39 | Upgrade |
Shares Change (YoY) | -4.49% | -3.85% | -3.52% | 0.12% | 0.11% | 0.10% | Upgrade |
EPS (Basic) | 3.53 | 2.81 | 4.67 | 5.61 | 6.20 | 4.49 | Upgrade |
EPS (Diluted) | 3.53 | 2.81 | 4.67 | 5.61 | 6.20 | 4.49 | Upgrade |
EPS Growth | 65.23% | -39.92% | -16.65% | -9.53% | 38.01% | 127.87% | Upgrade |
Dividend Per Share | 0.758 | 0.743 | 0.723 | 0.703 | 0.700 | 0.700 | Upgrade |
Dividend Growth | 2.70% | 2.77% | 2.89% | 0.49% | - | 2.49% | Upgrade |
Operating Margin | 46.75% | 47.03% | 48.52% | 48.43% | 47.45% | 46.24% | Upgrade |
Profit Margin | 34.41% | 29.17% | 52.36% | 77.12% | 97.52% | 73.37% | Upgrade |
EBIT | 168.05 | 164.2 | 163.41 | 137.71 | 117.79 | 110.43 | Upgrade |
EBIT Margin | 46.75% | 47.03% | 48.52% | 48.43% | 47.45% | 46.24% | Upgrade |
Funds From Operations (FFO) | 93.04 | 89.86 | 91.94 | 82.8 | - | - | Upgrade |
FFO Per Share | 1.74 | 1.64 | 1.63 | 1.43 | - | - | Upgrade |
Adjusted Funds From Operations (AFFO) | - | 89.86 | 91.94 | 82.8 | - | - | Upgrade |
AFFO Per Share | - | 1.58 | 1.57 | 1.37 | - | - | Upgrade |
FFO Payout Ratio | 28.42% | 29.84% | 29.32% | 32.20% | - | - | Upgrade |
Effective Tax Rate | 4.96% | 11.79% | 4.18% | 22.70% | 21.10% | - | Upgrade |
Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.