Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)

TSX:MRG.UN Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	4,340	4,333	3,999	3,627	3,256	2,941
Cash & Equivalents	77.5	51.26	17.83	14.64	26.56	27.3
Accounts Receivable	10.88	2.74	2.4	3.5	2.01	1.54
Other Receivables	-	9.85	7.17	7.9	5.18	4.11
Loans Receivable Current	74.5	90	2.63	80.7	70	-
Restricted Cash	4.27	4.86	4.08	89	11.8	9.35
Other Current Assets	15.1	8.98	9.07	6.37	5.2	7.81
Other Long-Term Assets	73.56	70.87	53.28	105.46	96.38	93.01
Total Assets	4,596	4,572	4,096	3,934	3,473	3,084
Current Portion of Long-Term Debt	135.96	218.92	167.62	219.95	96.98	107.19
Current Portion of Leases	-	-	-	-	-	0.44
Long-Term Debt	1,953	1,850	1,634	1,526	1,583	1,462
Long-Term Leases	17.22	17.61	16.06	16.24	9.07	8.67
Accounts Payable	67.82	64.06	45.62	44.98	36.06	30.5
Other Current Liabilities	9.68	9.56	9.15	8.74	11.66	11.14
Long-Term Deferred Tax Liabilities	299.09	299.13	263.42	262.76	175.23	109.66
Other Long-Term Liabilities	-	-	-	-	-	0.44
Total Liabilities	2,491	2,460	2,136	2,079	1,912	1,737
Common Stock	400.46	422.75	448.15	470.77	469.96	469.21
Additional Paid-In Capital	48.76	48.76	48.76	48.76	48.76	48.76
Retained Earnings	1,367	1,312	1,238	1,089	897.6	682.82
Comprehensive Income & Other	177.75	217.75	117.97	144.54	68.42	69.33
Total Common Equity	1,994	2,001	1,853	1,753	1,485	1,270
Minority Interest	110.97	110.65	106.87	101.91	76.65	77.49
Shareholders' Equity	2,105	2,112	1,960	1,855	1,561	1,348
Total Liabilities & Equity	4,596	4,572	4,096	3,934	3,473	3,084
Total Debt	2,106	2,087	1,818	1,763	1,689	1,585
Net Cash (Debt)	-2,028	-2,036	-1,800	-1,748	-1,662	-1,558
Net Cash Per Share	-57.94	-56.10	-47.71	-44.69	-42.56	-39.92
Filing Date Shares Outstanding	35.01	36.21	37.74	39.06	39.07	39.02
Total Common Shares Outstanding	35	36.28	37.74	39.11	39.06	39.02
Book Value Per Share	56.96	55.16	49.10	44.83	38.01	32.55
Tangible Book Value	1,994	2,001	1,853	1,753	1,485	1,270
Tangible Book Value Per Share	56.96	55.16	49.10	44.83	38.01	32.55

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.