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Last update at 2025-03-24T20:00:00Z
Chou RRSP Fund's Strategic Exits and New Positions in Q2 2024: Spotlight on Bausch Health ...
Tue 03 Sep 24, 06:01 PMMorguard Completes $410 Million Sale of Hotel Portfolio
Fri 19 Jan 24, 12:00 PMMorguard Announces Strategic Sale of Hotel Portfolio
Mon 08 Jan 24, 01:00 PMMorguard Celebrates Prestigious Win at the 2023 FRPO MAC Awards
Mon 04 Dec 23, 03:42 PMMorguard Corporation (TSE:MRC) insiders have significant skin in the game with 63% ownership
Mon 27 Nov 23, 04:39 PMCanadian Commercial Real Estate Market Remains Steady in Q3 2023: Morguard
Tue 14 Nov 23, 12:42 PMMorguard Welcomes Newest Browns Shoes to 60 Bloor West
Fri 03 Nov 23, 07:09 PMMorguard Corporation Announces 2023 Third Quarter Results and Regular Eligible Dividend
Wed 01 Nov 23, 08:00 PMOne Morguard Insider Raised Stake By 21% In Previous Year
Thu 26 Oct 23, 10:17 AM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 135.46M | 408.10M | -319.78400M | 225.49M | 416.07M |
| Minority interest | 10.52M | -6.86100M | 540.35M | 756.81M | 797.43M |
| Net income | 122.77M | 249.76M | -250.05000M | 186.94M | 319.85M |
| Selling general administrative | 77.61M | 80.20M | 59.61M | 94.13M | 92.67M |
| Selling and marketing expenses | - | - | - | - | - |
| Gross profit | 500.36M | 533.30M | 533.32M | 610.55M | 611.77M |
| Reconciled depreciation | 26.51M | 32.50M | 35.30M | 36.15M | 31.86M |
| Ebit | 508.53M | 394.73M | 490.97M | 425.22M | 602.83M |
| Ebitda | 535.04M | 427.23M | 526.26M | 461.37M | 634.69M |
| Depreciation and amortization | 26.51M | 32.50M | 35.30M | 36.15M | 31.86M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 508.53M | 394.73M | 490.97M | 425.22M | 487.25M |
| Other operating expenses | 646.18M | 601.31M | 590.03M | 695.40M | 676.93M |
| Interest expense | 222.96M | 215.24M | 232.50M | 228.57M | 210.97M |
| Tax provision | 23.21M | 151.48M | -69.73400M | 36.70M | 72.01M |
| Interest income | 16.65M | 22.93M | 15.74M | 17.29M | 10.95M |
| Net interest income | -212.50400M | -197.37800M | -225.53400M | -230.33400M | -210.46400M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 23.21M | 151.48M | -69.73400M | 36.70M | 72.01M |
| Total revenue | 1120.03M | 1021.91M | 1028.45M | 1175.68M | 1164.18M |
| Total operating expenses | 26.51M | 112.70M | 94.90M | 130.28M | 124.53M |
| Cost of revenue | 619.66M | 488.61M | 495.13M | 565.12M | 552.41M |
| Total other income expense net | -373.07000M | 13.37M | -810.75000M | -199.72700M | -71.18000M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 112.25M | 256.62M | -250.05000M | 188.80M | 344.06M |
| Net income applicable to common shares | 122.77M | 249.76M | -98.91800M | 186.94M | 319.85M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 11623.09M | 11705.25M | 11492.54M | 11052.69M | 11703.08M |
| Intangible assets | 14.59M | 21.10M | 27.67M | 33.67M | 38.04M |
| Earning assets | - | - | - | - | - |
| Other current assets | -282.07700M | 147.16M | 41.64M | 37.82M | 19.10M |
| Total liab | 7280.00M | 7319.78M | 7318.80M | 7139.99M | 7397.37M |
| Total stockholder equity | 3887.55M | 3865.25M | 3632.18M | 3372.35M | 3548.91M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 7.56M | 35.30M | 20.38M | 24.02M | 27.22M |
| Common stock | 98.36M | 100.24M | 100.93M | 100.94M | 102.43M |
| Capital stock | 98.36M | 100.24M | 100.93M | 100.94M | 102.43M |
| Retained earnings | 3530.66M | 3464.68M | 3351.29M | 3109.09M | 3238.58M |
| Other liab | - | 821.44M | 784.78M | 648.23M | 733.79M |
| Good will | 24.49M | 24.49M | 24.49M | 24.49M | 24.49M |
| Other assets | - | 74.66M | 269.11M | 230.84M | 260.54M |
| Cash | 116.52M | 111.81M | 173.66M | 142.09M | 123.17M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 2016.94M | 1455.56M | 1104.45M | 1191.72M | 1160.84M |
| Current deferred revenue | 26.54M | - | 28.21M | 27.93M | 27.85M |
| Net debt | 5689.08M | 5688.40M | 5625.77M | 5684.82M | 5782.98M |
| Short term debt | 1771.72M | 1211.86M | 865.87M | 972.95M | 919.87M |
| Short long term debt | 1770.10M | 1210.28M | 864.14M | 971.15M | 918.17M |
| Short long term debt total | 5805.60M | 5800.21M | 5799.42M | 5826.90M | 5906.15M |
| Other stockholder equity | -3530.66300M | 300.34M | 179.95M | 162.32M | 207.90M |
| Property plant equipment | - | 1.07M | 10629.44M | 10160.23M | 10769.65M |
| Total current assets | 606.26M | 339.13M | 285.46M | 272.83M | 222.85M |
| Long term investments | 193.41M | 224.54M | 257.79M | 332.10M | 391.58M |
| Net tangible assets | - | 3819.66M | 3581.44M | 3315.67M | 3487.92M |
| Short term investments | - | - | - | - | - |
| Net receivables | 165.56M | 80.16M | 70.16M | 92.92M | 80.59M |
| Long term debt | 3864.74M | 4871.84M | 5263.04M | 4691.50M | 5338.30M |
| Inventory | 380.04M | - | - | - | - |
| Accounts payable | 211.13M | 208.41M | 189.99M | 178.83M | 185.90M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 258.52M | 300.34M | 179.95M | 162.32M | 207.90M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | 100.94M | 102.43M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 508.99M | 10739.19M | 10421.29M | 9824.48M | 10375.85M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 11016.83M | 11366.13M | 11207.08M | 10779.85M | 11480.23M |
| Capital lease obligations | 170.75M | 172.52M | 168.26M | 164.25M | 166.14M |
| Long term debt total | - | 5042.78M | 5429.57M | 5300.05M | 5502.74M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -84.50900M | 11.90M | -68.09200M | -561.75600M | -559.71400M |
| Change to liabilities | 3.15M | 20.38M | -6.46400M | -1.79500M | -7.28100M |
| Total cashflows from investing activities | -84.50900M | -125.61700M | -68.09200M | -561.75600M | -559.71400M |
| Net borrowings | -118.55500M | -75.17400M | -32.23200M | 327.47M | 416.23M |
| Total cash from financing activities | -234.48900M | -106.63100M | -122.84700M | 294.51M | 248.28M |
| Change to operating activities | -13.03700M | 3.58M | -13.24300M | 3.22M | 5.98M |
| Net income | 112.25M | 256.62M | -250.05000M | 188.80M | 344.06M |
| Change in cash | -61.84800M | 31.57M | 18.92M | 12.77M | -24.04900M |
| Begin period cash flow | 173.66M | 142.09M | 123.17M | 110.40M | 134.45M |
| End period cash flow | 111.81M | 173.66M | 142.09M | 123.17M | 110.40M |
| Total cash from operating activities | 252.85M | 265.44M | 211.94M | 282.41M | 291.40M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 26.51M | 32.50M | 35.30M | 36.15M | 31.86M |
| Other cashflows from investing activities | -84.50900M | -125.61700M | -68.09200M | -561.75600M | -559.71400M |
| Dividends paid | 6.62M | 6.59M | 6.62M | 6.68M | 6.70M |
| Change to inventory | - | - | - | 0.00000M | -3.93000M |
| Change to account receivables | -9.12800M | 23.18M | -23.30700M | -0.26000M | 2.90M |
| Sale purchase of stock | -8.47800M | -1.00700M | -22.54900M | -2.09300M | -92.37500M |
| Other cashflows from financing activities | 1119.66M | 1257.84M | 1036.80M | 1354.24M | 1391.57M |
| Change to netincome | 110.62M | -75.72000M | 309.80M | 50.89M | -70.51800M |
| Capital expenditures | 1.66M | 0.68M | 2.14M | 12.66M | 5.92M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -19.01600M | 47.14M | -43.01400M | 1.18M | -2.33300M |
| Stock based compensation | - | - | 620.02M | 7.49M | - |
| Other non cash items | 119.72M | -200.27800M | 547.70M | 31.02M | -138.97500M |
| Free cash flow | 251.19M | 264.77M | 209.80M | 269.75M | 285.48M |
Sector: Real Estate Industry: Real Estate - Diversified
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MRC Morguard Corporation |
- -% | 120.49 | 6.57 | 4.63 | 1.09 | 0.32 | 5.66 | 12.85 |
Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors. It also acquires, develops, and manages a portfolio of assets comprising multi-suite residential, retail, office, industrial, and hotel properties. The company was formerly known as Acktion Corporation and changed its name to Morguard Corporation in June 2002. The company was incorporated in 2024 and is headquartered in Mississauga, Canada. Morguard Corporation operates as a subsidiary of Paros Enterprises Limited.
55 City Centre Drive, Mississauga, ON, Canada, L5B 1M3
| Name | Title | Year Born |
|---|---|---|
| Mr. Kuldip Rai Sahi FCA, FCGA, FCPA | Chairman & CEO | 1947 |
| Mr. Paul Miatello CA, CPA | Sr. VP & CFO | 1970 |
| Mr. W. Scott MacDonald | Exec. VP of Retail Asset Management - Morguard Investments Limited | NA |
| Ms. Angela Sahi | Exec. VP of Residential Office and Industrial & Director | NA |
| Mr. John Talano | Sr. VP of Morguard Management | NA |
| Mr. David Wyatt | Sr. VP of Retail Leasing & Operations - MIL | NA |
| Ms. Beverley Gail Flynn L.L.B., LLB | Sr. VP, Gen. Counsel & Sec. | NA |
| Ms. Pamela J. McLean CA, CPA | Sr. VP of Fin. & CFO of Services MIL | NA |
| Mr. Andrew Tamlin CA, CPA | Chief Financial Officer of MRT | NA |
| Mr. Gordon Paul Vollmer | Exec. VP of Office & Industrial Asset Management - Morguard Investments Limited | 1954 |
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