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Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)
Canada flag Canada · Delayed Price · Currency is CAD
15.12
-0.15 (-0.98%)
Sep 14, 2026, 4:00 PM EST

TSX:MRG.UN Financials Overview

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
354.26360.42349.15336.76284.34248.26
Revenue Growth
-1.89%3.23%3.68%18.44%14.53%3.95%
Net Income
96.26102.97101.86176.34219.28242.09
Earnings Per Share
2.752.952.814.675.616.20
EPS Growth
1.67%5.01%-39.92%-16.65%-9.53%38.01%

Revenue by Geography
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Canada
112.01113.66112.1710799.4192.88
United States
237.51240.99232.02224.62179.08152.68
Total
349.52354.65344.19331.62278.49245.57

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
203.94114.6351.2617.8314.6426.56
Total Debt
2,1722,0702,0871,8181,7631,689
Net Cash (Debt)
-1,968-1,955-2,036-1,800-1,748-1,662
Net Cash Growth
------
Net Cash Per Share
-56.30-55.97-56.10-47.71-44.69-42.56

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
80.687.7686.1488.9775.1763.7
Free Cash Flow
80.687.7686.1488.9775.1763.7
Free Cash Flow Growth
-11.52%1.88%-3.17%18.35%18.02%27.07%

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Margin
47.81%47.80%47.03%48.52%48.43%47.45%
Pretax Margin
33.08%33.95%32.27%57.42%108.99%125.07%
Profit Margin
27.17%28.57%29.17%52.36%77.12%97.52%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.7900.7650.7430.7230.7030.700
Dividend Per Share Growth
3.74%2.91%2.77%2.89%0.49%0%
Dividend Yield
5.22%4.54%4.67%5.52%5.12%4.85%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
5.495.896.123.162.892.86
PS Ratio
1.491.681.791.662.232.79