Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)
Canada · Delayed Price · Currency is CAD 16.06
-0.04 (-0.25%)
Aug 26, 2026, 11:38 AM EST
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Rental Revenue | 349.52 | 354.65 | 344.19 | 331.62 | 278.49 | 245.57 |
Other Revenue | 4.74 | 5.77 | 4.96 | 5.14 | 5.85 | 2.69 |
| 354.26 | 360.42 | 349.15 | 336.76 | 284.34 | 248.26 | |
Revenue Growth (YoY | -1.89% | 3.23% | 3.68% | 18.44% | 14.53% | 3.95% |
Property Expenses | 162.44 | 164.91 | 162.77 | 151.38 | 127.28 | 116.07 |
Selling, General & Administrative | 22.46 | 23.24 | 22.18 | 21.98 | 19.36 | 14.39 |
Total Operating Expenses | 184.9 | 188.15 | 184.95 | 173.36 | 146.63 | 130.46 |
Operating Income | 169.36 | 172.27 | 164.2 | 163.41 | 137.71 | 117.79 |
Interest Expense | -92.7 | -91.92 | -83 | -75.19 | -63.68 | -65.72 |
Interest & Investment Income | 4.16 | 4.16 | 0.44 | - | 2.98 | - |
Currency Exchange Gain (Loss) | -0.01 | -0.01 | -0.57 | -0.02 | 0.07 | -0.02 |
Other Non-Operating Income | 25.31 | -1.8 | -38.92 | 23.94 | 26.6 | -30.23 |
EBT Excluding Unusual Items | 106.13 | 82.71 | 42.15 | 112.14 | 103.67 | 21.83 |
Gain (Loss) on Sale of Investments | 1.83 | 1.83 | 10.16 | 0.23 | -2.03 | - |
Asset Writedown | 9.22 | 37.83 | 60.37 | 81 | 208.25 | 288.66 |
Pretax Income | 117.18 | 122.38 | 112.68 | 193.36 | 309.9 | 310.49 |
Income Tax Expense | 9.71 | 10.84 | 13.28 | 8.08 | 70.34 | 65.52 |
Earnings From Continuing Operations | 107.48 | 111.54 | 99.4 | 185.28 | 239.56 | 244.97 |
Minority Interest in Earnings | -11.22 | -8.57 | 2.46 | -8.95 | -20.28 | -2.89 |
Net Income | 96.26 | 102.97 | 101.86 | 176.34 | 219.28 | 242.09 |
Net Income to Common | 96.26 | 102.97 | 101.86 | 176.34 | 219.28 | 242.09 |
Net Income Growth | 1.27% | 1.09% | -42.24% | -19.59% | -9.42% | 38.16% |
Basic Shares Outstanding | 35 | 35 | 36 | 38 | 39 | 39 |
Diluted Shares Outstanding | 35 | 35 | 36 | 38 | 39 | 39 |
Shares Change | -0.40% | -3.73% | -3.85% | -3.52% | 0.12% | 0.11% |
EPS (Basic) | 2.75 | 2.95 | 2.81 | 4.67 | 5.61 | 6.20 |
EPS (Diluted) | 2.75 | 2.95 | 2.81 | 4.67 | 5.61 | 6.20 |
EPS Growth | 1.67% | 5.01% | -39.92% | -16.65% | -9.53% | 38.01% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share | 0.780 | 0.765 | 0.743 | 0.723 | 0.703 | 0.700 |
Dividend Growth | 3.54% | 2.91% | 2.77% | 2.89% | 0.49% | 0% |
Operating Margin | 47.81% | 47.80% | 47.03% | 48.52% | 48.43% | 47.45% |
Profit Margin | 27.17% | 28.57% | 29.17% | 52.36% | 77.12% | 97.52% |
EBIT | 169.36 | 172.27 | 164.2 | 163.41 | 137.71 | 117.79 |
EBIT Margin | 47.81% | 47.80% | 47.03% | 48.52% | 48.43% | 47.45% |
Funds From Operations (FFO) | -4.51 | - | - | 91.94 | 82.8 | - |
FFO Per Share | - | - | - | 1.63 | 1.43 | - |
Adjusted Funds From Operations (AFFO) | - | - | - | 91.94 | 82.8 | - |
AFFO Per Share | - | - | - | 1.57 | 1.37 | - |
FFO Payout Ratio | - | - | - | 29.32% | 32.20% | - |
Effective Tax Rate | 8.28% | 8.86% | 11.79% | 4.18% | 22.70% | 21.10% |