Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)
Canada flag Canada · Delayed Price · Currency is CAD
16.25
+0.01 (0.06%)
Jul 31, 2026, 4:00 PM EST

TSX:MRG.UN Financials Overview

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
349.52354.65344.19331.62278.49245.57
Revenue Growth
-0.84%3.04%3.79%19.08%13.41%-1.25%
Gross Profit
187.08189.73181.42180.24151.22129.5
Operating Income
164.62166.49159.24158.26131.86115.1
Net Income
96.26102.97101.86176.34219.28242.09
Earnings Per Share
2.752.951.803.013.894.00
EPS Growth
61.50%64.11%-40.41%-22.51%-2.79%233.47%

Revenue by Geography

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

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
1,8811,7711,7921,5641,4841,384
Net Cash (Debt)
-1,677-1,656-1,740-1,546-1,469-1,357
Net Cash Growth
------
Net Cash Per Share
-47.99-47.41-30.69-26.42-26.09-22.44

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
90.287.7686.1488.9775.1763.7
Capital Expenditures
-17.78-71.3-48.04-164.71-221.1-30.01
Free Cash Flow
72.4216.4738.1-75.74-145.9233.68
Free Cash Flow Growth
-17.79%-56.79%----23.75%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
53.52%53.50%52.71%54.35%54.30%52.73%
Operating Margin
47.10%46.95%46.27%47.72%47.35%46.87%
Pretax Margin
33.53%34.51%32.74%58.31%111.28%126.44%
Profit Margin
30.75%31.45%28.88%55.87%86.02%99.76%
FCF Margin
20.72%4.64%11.07%-22.84%-52.40%13.72%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '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
3.64%2.91%2.77%2.89%0.49%0%
Dividend Yield
4.86%4.34%2.87%3.28%4.21%2.67%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
5.905.899.554.904.164.43
P/FCF Ratio
-36.8516.33--20.54
PS Ratio
1.601.711.811.683.282.82