Morguard Real Estate Investment Trust (TSX:MRT.UN)

TSX:MRT.UN Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	241.67	241.47	260.95	256.84	244.73	243.52
Revenue Growth	-3.82%	-7.46%	1.60%	4.95%	0.50%	-5.24%
Net Income Net Income Growth	4.83	-16.56	-58.82	-74.45	-86.1	4.89
Earnings Per Share EPS Growth	0.07	-0.25	-0.92	-1.16	-1.34	0.08
EPS Growth	-	-	-	-	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Retail Retail Growth	138.24	138.18	140.91	139.77	128.15	130.98
Industrial Industrial Growth	5.5	5.46	4.65	3.59	3.94	3.65
Office Office Growth	95.63	95.7	113.61	111.71	110.54	106.81
Total Total Growth	239.37	239.34	259.17	255.08	242.63	241.44

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	8.25	7.09	7.9	7.28	9.71	11.27
Total Debt Total Debt Growth	1,248	1,236	1,233	1,262	1,274	1,298
Net Cash (Debt) Net Cash Growth	-1,240	-1,229	-1,225	-1,255	-1,264	-1,287
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-18.72	-18.85	-19.06	-19.53	-19.69	-20.06

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	47.36	40.41	55.19	66.32	73.97	80.19
Free Cash Flow Free Cash Flow Growth	47.36	40.41	55.19	66.32	73.97	80.19
Free Cash Flow Growth	14.07%	-26.78%	-16.78%	-10.34%	-7.76%	70.91%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	46.09%	45.55%	48.44%	48.21%	49.23%	49.39%
Pretax Margin	2.00%	-6.86%	-22.54%	-28.98%	-35.18%	2.01%
Profit Margin	2.00%	-6.86%	-22.54%	-28.98%	-35.18%	2.01%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.240	0.240	0.240	0.240	0.240	0.260
Dividend Per Share Growth	0%	0%	0%	0%	-7.69%	-59.38%
Dividend Yield	3.43%	3.85%	4.63%	5.07%	5.34%	5.93%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	96.04	-	-	-	-	71.18
PS Ratio	1.94	1.75	1.36	1.34	1.39	1.43

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 4, 2026

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