Morguard Real Estate Investment Trust

Real Estate CA MRT.UN

6.75CAD
-0.01(0.15%)

Last update at 2026-06-22T15:28:00Z

Day Range

6.756.80

LowHigh

52 Week Range

5.045.61

LowHigh

Fundamentals

Previous Close 6.76
Market Cap338.60M
Volume5400
P/E Ratio-
Dividend Yield4.49%
EBITDA124.20M
Revenue TTM250.77M
Revenue Per Share TTM3.90
Gross Profit TTM 124.30M
Diluted EPS TTM-2.21

Overview
Financials
Peer Comparison
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Profile

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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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	-86.09700M	4.88M	-357.41900M	14.84M	73.02M
Minority interest	-	-	-	-	-
Net income	-138.06400M	-46.44300M	-777.18500M	-59.01000M	73.02M
Selling general administrative	3.53M	3.85M	3.59M	4.27M	4.78M
Selling and marketing expenses	-	-	-	-	-
Gross profit	121.99M	122.13M	123.78M	149.96M	152.08M
Reconciled depreciation	0.08M	0.08M	0.08M	0.08M	-
Ebit	114.85M	117.19M	117.01M	145.04M	150.53M
Ebitda	114.93M	117.27M	117.10M	145.13M	127.03M
Depreciation and amortization	0.08M	0.08M	0.08M	0.08M	-
Non operating income net other	-	-	-	-	-
Operating income	114.85M	117.19M	117.01M	145.04M	147.30M
Other operating expenses	124.25M	123.24M	133.66M	127.47M	129.18M
Interest expense	51.97M	51.33M	54.67M	56.35M	54.01M
Tax provision	-	-	-	-	-
Interest income	-	-	-	-	-
Net interest income	-53.52300M	-53.28100M	-56.37600M	-58.00600M	-55.64800M
Extraordinary items	-	-	-	-	-
Non recurring	-	-	-	-	-
Other items	-	-	-	-	-
Income tax expense	51.97M	51.33M	419.77M	73.85M	0.00000M
Total revenue	242.63M	241.44M	253.76M	273.07M	276.47M
Total operating expenses	3.61M	3.93M	3.67M	4.35M	4.78M
Cost of revenue	120.64M	119.31M	129.99M	123.11M	124.39M
Total other income expense net	-200.94400M	-112.30200M	-474.43300M	-130.20300M	-18.63400M
Discontinued operations	-	-	-	-	-
Net income from continuing ops	-86.09700M	4.88M	-357.41900M	14.84M	73.02M
Net income applicable to common shares	-86.09700M	4.88M	-357.41900M	14.84M	73.02M
Preferred stock and other adjustments	-	-	-	-	-

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
Total assets	2376.19M	2493.94M	2557.73M	2937.34M	2978.57M
Intangible assets	-	-	-	-	-
Earning assets	-	-	-	-	-
Other current assets	1.20M	0.36M	0.64M	1.11M	0.57M
Total liab	1325.36M	1341.95M	1400.08M	1399.87M	1398.16M
Total stockholder equity	1050.83M	1151.99M	1157.66M	1537.47M	1580.41M
Deferred long term liab	-	-	-	-	-
Other current liab	46.46M	38.89M	40.91M	47.45M	49.81M
Common stock	635.87M	635.53M	628.91M	612.68M	612.18M
Capital stock	635.87M	635.53M	628.91M	612.68M	612.18M
Retained earnings	401.62M	503.12M	522.29M	918.33M	961.77M
Other liab	5.39M	5.26M	5.23M	4.55M	4.28M
Good will	-	-	-	-	-
Other assets	51.20M	40.15M	36.80M	38.80M	34.45M
Cash	9.71M	11.27M	8.65M	5.78M	10.65M
Cash and equivalents	-	-	-	-	-
Total current liabilities	414.25M	252.15M	465.73M	310.87M	311.57M
Current deferred revenue	-	-	-	-	-
Net debt	1263.80M	1286.54M	1345.29M	1342.09M	1333.42M
Short term debt	367.79M	213.26M	424.82M	263.42M	261.76M
Short long term debt	367.62M	213.09M	424.69M	198.14M	194.10M
Short long term debt total	1273.51M	1297.81M	1353.93M	1347.88M	1344.07M
Other stockholder equity	13.34M	13.34M	6.46M	6.46M	6.46M
Property plant equipment	2286.68M	2411.31M	2463.40M	2853.63M	2881.14M
Total current assets	26.65M	23.90M	37.04M	21.21M	38.23M
Long term investments	11.66M	18.58M	20.50M	23.70M	24.75M
Net tangible assets	1050.83M	1151.99M	1157.66M	1537.47M	1580.41M
Short term investments	-	-	-	-	-
Net receivables	15.74M	12.27M	27.76M	14.31M	27.02M
Long term debt	889.34M	1068.00M	918.26M	1138.62M	1149.96M
Inventory	-	-	-	-	-
Accounts payable	46.46M	38.89M	40.91M	47.45M	49.81M
Total permanent equity	-	-	-	-	-
Noncontrolling interest in consolidated entity	-	-	-	-	-
Temporary equity redeemable noncontrolling interests	-	-	-	-	-
Accumulated other comprehensive income	-	-	-	-	-
Additional paid in capital	-	-	-	-	-
Common stock total equity	-	-	-	-	-
Preferred stock total equity	-	-	-	-	-
Retained earnings total equity	-	-	-	-	-
Treasury stock	-	-	-	-	-
Accumulated amortization	-	-	-	-	-
Non currrent assets other	2337.80M	2451.30M	2499.95M	2892.10M	2915.59M
Deferred long term asset charges	-	-	-	-	-
Non current assets total	2349.54M	2470.04M	2520.69M	2916.13M	2940.34M
Capital lease obligations	16.55M	16.72M	10.99M	11.12M	-
Long term debt total	-	-	-	-	-

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	-32.41800M	-2.94600M	-25.01600M	-36.41900M	-70.82000M
Change to liabilities	8.67M	-2.95700M	-5.85800M	-2.09300M	-1.30700M
Total cashflows from investing activities	-32.41800M	-2.94600M	-25.01600M	-36.41900M	-70.82000M
Net borrowings	-26.71400M	-57.25000M	4.13M	-9.35500M	42.12M
Total cash from financing activities	-43.10800M	-74.61800M	-19.03900M	-57.80800M	-26.75400M
Change to operating activities	-0.83500M	0.27M	0.47M	-0.54500M	0.28M
Net income	-86.09700M	4.88M	-357.41900M	14.84M	73.02M
Change in cash	-1.55800M	2.62M	2.86M	-4.86900M	-4.10000M
Begin period cash flow	11.27M	8.65M	5.78M	10.65M	14.75M
End period cash flow	9.71M	11.27M	8.65M	5.78M	10.65M
Total cash from operating activities	73.97M	80.19M	46.92M	89.36M	93.47M
Issuance of capital stock	-	-	-	-	-
Depreciation	0.08M	0.08M	0.08M	0.08M	0.08M
Other cashflows from investing activities	-	-	-	-	-
Dividends paid	16.02M	16.47M	21.44M	57.79M	57.78M
Change to inventory	-	-	-	-	-
Change to account receivables	-3.46700M	15.49M	-13.44200M	2.70M	0.84M
Sale purchase of stock	-	-	-0.95300M	0.00000M	-0.41100M
Other cashflows from financing activities	180.41M	362.85M	204.88M	213.72M	199.85M
Change to netincome	153.73M	60.03M	421.06M	72.35M	18.69M
Capital expenditures	32.42M	17.05M	31.82M	52.33M	70.82M
Change receivables	-	-	-	-	-
Cash flows other operating	-	-	-	-	-
Exchange rate changes	-	-	-	-	-
Cash and cash equivalents changes	-	-	-	-	-
Change in working capital	4.36M	12.80M	-18.82500M	0.06M	-0.19500M
Stock based compensation	-	-	-	-	-
Other non cash items	155.62M	62.42M	423.08M	74.37M	20.65M
Free cash flow	41.55M	63.14M	15.10M	37.02M	22.65M

Peer Comparison

Sector: Real Estate Industry: REIT - 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)
MRT-UN Morguard Real Estate Investment Trust	-0.01 0.15%	6.75	-	5.56	1.35	0.35	6.44	-19.1212
HR-UN H&R Real Estate Investment Trust	-0.14 1.26%	11.00	-	7.46	3.01	0.47	7.23	85.97
CRR-UN Crombie Real Estate Investment Trust	-0.33 1.88%	17.27	684.50	24.15	5.73	1.35	10.81	14.46
RFA RFA Financial Inc.	0.12 0.47%	25.70	-	16.53	6.08	1.12	9.76	82.04
MPCT-UN Dream Impact Trust	-0.02 1.26%	1.57	-	24.45	5.16	0.23	6.40	7.24

Reports Covered

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Profile

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 46 retail, office and industrial income producing properties in Canada with a book value of $2.3 billion and approximately 8.2 million square feet of leasable space.

Morguard Real Estate Investment Trust

55 City Centre Drive, Mississauga, ON, Canada, L5B 1M3

(905) 281-3800
https://www.morguard.com

Key Executives

Name	Title	Year Born
Mr. Kuldip Rai Sahi FCA, FCGA, FCPA	Chairman, Pres & CEO	1947
Mr. Andrew Tamlin CA, CPA	Chief Financial Officer	NA
Ms. Beverley Gail Flynn L.L.B., LLB	Sr. VP, Gen. Counsel & Sec.	NA
Ms. Angela Sahi	Sr. VP	NA
Mr. Paul Miatello CA, CPA	Sr. VP	1970
Mr. Arjun Chowdhury	Director of Asset Management	NA
Mr. John Ginis	Director of Asset Management - Retail	NA

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