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Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)
Canada flag Canada · Delayed Price · Currency is CAD
14.91
+0.09 (0.61%)
Nov 13, 2026, 4:00 PM EST

TSX:MRG.UN Financials Overview

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
356.97360.42349.15336.76284.34248.26
Revenue Growth
-0.69%3.23%3.68%18.44%14.53%3.95%
Net Income
112.86102.97101.86176.34219.28242.09
Earnings Per Share
3.242.952.814.675.616.20
EPS Growth
-8.41%5.01%-39.92%-16.65%-9.53%38.01%

Revenue by Geography
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
238.88240.99232.02224.62179.08152.68
Canada
111.86113.66112.1710799.4192.88
Total
350.74354.65344.19331.62278.49245.57

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
172.08114.6351.2617.8314.6426.56
Total Debt
2,1352,0702,0871,8181,7631,689
Net Cash (Debt)
-1,963-1,955-2,036-1,800-1,748-1,662
Net Cash Growth
------
Net Cash Per Share
-56.29-55.97-56.10-47.71-44.69-42.56

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
62.287.7686.1488.9775.1763.7
Free Cash Flow
62.287.7686.1488.9775.1763.7
Free Cash Flow Growth
-32.99%1.88%-3.17%18.35%18.02%27.07%

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Margin
47.88%47.80%47.03%48.52%48.43%47.45%
Pretax Margin
38.93%33.95%32.27%57.42%108.99%125.07%
Profit Margin
31.62%28.57%29.17%52.36%77.12%97.52%

Dividends
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '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
3.95%2.91%2.77%2.89%0.49%0%
Dividend Yield
5.30%4.40%4.32%4.90%4.34%3.95%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
4.615.896.123.162.892.86
PS Ratio
1.461.681.791.662.232.79