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

TSX:MRT.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	2,077	2,082	2,186	2,287	2,411	2,463
Total Real Estate Assets	2,144	2,150	2,255	2,338	2,451	2,500
Cash & Equivalents	7.43	7.9	7.28	9.71	11.27	8.65
Accounts Receivable	4.31	4.85	6.08	6.27	6.84	16.32
Other Receivables	3.21	3.2	3.27	9.47	5.43	11.44
Other Current Assets	13.37	3.44	1.23	1.2	0.37	0.64
Other Long-Term Assets	4.82	4.21	7.76	11.66	18.58	20.5
Total Assets	2,177	2,174	2,280	2,376	2,494	2,558
Current Portion of Long-Term Debt	211.65	213.06	334.2	312	205.57	377.27
Current Portion of Leases	0.17	0.16	0.09	0.17	0.17	0.13
Long-Term Debt	879.6	900.34	832.69	889.34	1,068	918.26
Long-Term Leases	16.3	16.43	16.3	16.38	16.55	10.86
Accounts Payable	55.76	48.48	51.07	46.46	38.89	40.91
Other Long-Term Liabilities	8.58	8.19	5.98	5.39	5.26	5.23
Total Liabilities	1,306	1,290	1,319	1,325	1,342	1,400
Common Stock	647.62	639.64	636.1	635.87	635.53	628.91
Additional Paid-In Capital	6.46	6.46	6.46	6.46	6.46	1.86
Retained Earnings	213.25	233.64	311.75	401.62	503.12	522.29
Comprehensive Income & Other	4.19	4.49	6.88	6.88	6.88	4.59
Shareholders' Equity	871.52	884.23	961.19	1,051	1,152	1,158
Total Liabilities & Equity	2,177	2,174	2,280	2,376	2,494	2,558
Total Debt	1,241	1,233	1,262	1,274	1,298	1,354
Net Cash (Debt)	-1,234	-1,225	-1,255	-1,264	-1,287	-1,345
Net Cash Per Share	-19.06	-19.06	-19.53	-19.69	-20.06	-21.66
Filing Date Shares Outstanding	65.7	64.29	64.27	64.23	64.16	64.13
Total Common Shares Outstanding	65.7	64.29	64.27	64.23	64.16	64.13
Book Value Per Share	13.27	13.75	14.96	16.36	17.95	18.05
Tangible Book Value	871.52	884.23	961.19	1,051	1,152	1,158
Tangible Book Value Per Share	13.27	13.75	14.96	16.36	17.95	18.05

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.