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Home CompaniesMorguard Corporation

Morguard Corporation

Real Estate Real Estate - Diversified
PortfolioPortfolio WatchlistWatchlist
Company price
109.78 CAD 0.78 ( 0.72%)
Last update at 2026-11-03T21:00:00Z
VOLUME
1200
Market Cap
1286.28M
P/E
7.37

Momentum Score

…

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 owns a portfolio of multi-suite residential, commercial, retail, office, industrial, and hotel properties. The company was formerly known as Acktion Corporation and changed its name to Morguard Corporation in June 2002. Morguard Corporation was incorporated in 2024 and is headquartered in Mississauga, Canada. Morguard Corporation operates as a subsidiary of Paros Enterprises Limited.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
109.75
Low
111.01
High
52 Week Price Range
110.83
Low
121.48
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Morguard Corporation is a Canadian real estate owner, manager and investment firm that holds a diversified mix of commercial, retail, industrial and residential properties and provides third-party asset management. Long-term growth drivers include rental demand in core markets, recurring management fees and portfolio optimization through selective acquisitions, dispositions and redevelopment, which could support cash flow.

Key risks are interest-rate sensitivity and property valuation cycles, tenant vacancy and credit exposure, leverage and access to financing, and sector-specific pressures such as retail disruption.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
109.00
Dividend Yield
0.67%
Revenue TTM
1124.55M
Revenue Per Share
105.10
Gross Profit TTM
529.94M
Debt / Equity
1.28
ROE
3.77%
Net Debt
5440.21M
ROCE
4.70%
Diluted EPS TTM
16.34

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 240.41M 298.47M 81.58M 135.46M 408.10M
Minority interest -4.03M 22.16M 15.94M 10.52M -6.86M
Net income 174.87M 261.80M 74.18M 122.77M 249.76M
Selling general administrative 91.78M 87.87M 87.13M 77.61M 80.20M
Gross profit 607.03M 518.72M 634.03M 500.36M 533.30M
Reconciled depreciation 6.86M 11.01M 23.08M 26.51M 32.50M
Ebit 496.34M 546.28M 339.52M 508.53M 394.73M
Ebitda 503.20M 557.29M 362.60M 535.04M 427.23M
Depreciation and amortization 6.86M 11.01M 23.08M 26.51M 32.50M
Operating income 494.40M 507.70M 1228.35M 508.53M 394.73M
Other operating expenses 629.18M 600.02M 1146.18M 646.18M 601.31M
Interest expense 255.93M 247.81M 257.94M 222.96M 215.24M
Tax provision 61.51M 58.84M 23.35M 23.21M 151.48M
Interest income 17.90M 19.36M 18.12M 16.65M 22.93M
Net interest income -238.03M -237.13M -246.56M -212.50M -197.38M
Income tax expense 61.51M 58.84M 23.35M 23.21M 151.48M
Total revenue 1123.58M 1107.72M 1228.35M 1120.03M 1021.91M
Total operating expenses 112.63M 11.01M 551.86M 26.51M 112.70M
Cost of revenue 516.55M 589.01M 594.32M 619.66M 488.61M
Total other income expense net -253.99M -209.23M -1146.77M -373.07M 13.37M
Net income from continuing ops 178.90M 239.63M 58.24M 112.25M 256.62M
Net income applicable to common shares 174.87M 261.80M 74.18M 122.77M 249.76M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 11842.38M 11759.43M 11623.09M 11705.25M 11492.54M
Intangible assets 9.51M 10.00M 14.59M 21.10M 27.67M
Other current assets 62.85M 42.31M -282.08M 147.16M 41.64M
Total liab 7073.71M 7040.17M 7280.00M 7319.78M 7318.80M
Total stockholder equity 4385.45M 4292.42M 3887.55M 3865.25M 3632.18M
Other current liab -215.52M 2.39M 7.56M 35.30M 20.38M
Common stock 97.19M - 98.36M 100.24M 100.93M
Capital stock 97.19M 97.55M 98.36M 100.24M 100.93M
Retained earnings 3956.21M 3775.13M 3530.66M 3464.68M 3351.29M
Other liab - - - 821.44M 784.78M
Good will 24.49M 24.49M 24.49M 24.49M 24.49M
Other assets 151.30M - - 74.66M 269.11M
Cash 184.62M 140.72M 116.52M 111.81M 173.66M
Total current liabilities 1280.52M 1212.46M 2016.94M 1455.56M 1104.45M
Current deferred revenue - - 26.54M - 28.21M
Net debt 5440.21M 5125.05M 5689.08M 5688.40M 5625.77M
Short term debt 1282.31M - 1771.72M 1211.86M 865.87M
Short long term debt 1278.73M 947.01M 1770.10M 1210.28M 864.14M
Short long term debt total 5624.83M - 5805.60M 5800.21M 5799.42M
Other stockholder equity 332.05M - -3530.66M 300.34M 179.95M
Property plant equipment 1.17M - - 1.07M 10629.44M
Total current assets 341.85M 237.16M 606.26M 339.13M 285.46M
Long term investments 140.13M 151.25M 193.41M 224.54M 257.79M
Net tangible assets - - - 3819.66M 3581.44M
Net receivables 94.38M 15.30M 165.56M 80.16M 70.16M
Long term debt 4427.80M 4318.76M 3864.74M 4871.84M 5263.04M
Inventory - - 380.04M - -
Accounts payable 213.72M 215.33M 211.13M 208.41M 189.99M
Accumulated other comprehensive income 332.05M - 258.52M 300.34M 179.95M
Non currrent assets other 277.10M 0.08M 508.99M 10739.19M 10421.29M
Non current assets total 11500.53M 11522.26M 11016.83M 11366.13M 11207.08M
Capital lease obligations 192.35M 171.46M 170.75M 172.52M 168.26M
Long term debt total 4595.61M - - 5042.78M 5429.57M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - 371.39M -112.33M -84.51M 11.90M
Change to liabilities - - - 3.15M 20.38M
Total cashflows from investing activities -205.82M 371.39M -332.16M -84.51M -125.62M
Net borrowings 105.15M -556.04M 23.57M -118.56M -75.17M
Total cash from financing activities 40.59M -613.37M 37.65M -234.49M -106.63M
Change to operating activities - - - -13.04M 3.58M
Net income 174.87M 239.63M 74.18M 112.25M 256.62M
Change in cash 43.89M 24.21M 4.71M -61.85M 31.57M
Begin period cash flow 140.72M 116.52M 111.81M 173.66M 142.09M
End period cash flow 184.62M 140.72M 116.52M 111.81M 173.66M
Total cash from operating activities 214.44M 263.49M 297.89M 252.85M 265.44M
Depreciation 6.86M 11.01M 23.08M 26.51M 32.50M
Other cashflows from investing activities 4.92M 3.01M 2.05M -84.51M -125.62M
Dividends paid 8.52M -6.98M -6.49M 6.62M 6.59M
Change to account receivables -4.38M 8.99M 20.37M -9.13M 23.18M
Sale purchase of stock -5.25M -11.25M -21.31M -8.48M -1.01M
Other cashflows from financing activities -43.55M -29.07M 41.88M 1119.66M 1257.84M
Change to netincome - - - 110.62M -75.72M
Capital expenditures 5.15M 3.28M 6.64M 1.66M 0.68M
Change in working capital -32.80M 23.43M 26.72M -19.02M 47.14M
Stock based compensation 0.74M - - - -
Other non cash items 65.51M -43.34M 167.18M 119.72M -200.28M
Free cash flow 209.29M 260.21M 288.52M 251.19M 264.77M

Peer Comparison*

Sector: Real Estate Industry: Real Estate - Diversified

Stock Name
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		 0.78
0.72%		 109.78 7.37 5.18 1.14 0.29 5.93 13.30

Profile*

Morguard Corporation

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 owns a portfolio of multi-suite residential, commercial, retail, office, industrial, and hotel properties. The company was formerly known as Acktion Corporation and changed its name to Morguard Corporation in June 2002. Morguard Corporation 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

905 281 3800

https://www.morguard.com

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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