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

Canada · Delayed Price · Currency is CAD

6.99

-0.03 (-0.43%)

Nov 9, 2026, 4:00 PM EST

TSX:MRT.UN Financials Overview

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

Millions CAD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Revenue	244.4	241.47	260.95	256.84	244.73	243.52
Revenue Growth	-0.56%	-7.46%	1.60%	4.95%	0.50%	-5.24%
Net Income	14.18	-16.56	-58.82	-74.45	-86.1	4.89
Earnings Per Share	0.21	-0.25	-0.92	-1.16	-1.34	0.08
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Industrial	5.44	5.46	4.65	3.59	3.94	3.65
Retail	140.84	138.18	140.91	139.77	128.15	130.98
Office	95.78	95.7	113.61	111.71	110.54	106.81
Total	242.06	239.34	259.17	255.08	242.63	241.44

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Cash & Investments	8.88	7.09	7.9	7.28	9.71	11.27
Total Debt	1,242	1,236	1,233	1,262	1,274	1,298
Net Cash (Debt)	-1,233	-1,229	-1,225	-1,255	-1,264	-1,287
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-14.09	-18.85	-19.06	-19.53	-19.69	-20.06

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Operating Cash Flow	43.49	40.41	55.19	66.32	73.97	80.19
Free Cash Flow	43.49	40.41	55.19	66.32	73.97	80.19
Free Cash Flow Growth	0.43%	-26.78%	-16.78%	-10.34%	-7.76%	70.91%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Operating Margin	44.05%	45.55%	48.44%	48.21%	49.23%	49.39%
Pretax Margin	5.80%	-6.86%	-22.54%	-28.98%	-35.18%	2.01%
Profit Margin	5.80%	-6.86%	-22.54%	-28.98%	-35.18%	2.01%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 10, 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	0.240	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%	3.78%	4.34%	4.50%	4.53%	4.80%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 10, 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
PE Ratio	32.93	-	-	-	-	71.18
PS Ratio	1.94	1.75	1.36	1.34	1.39	1.43