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Home CompaniesMorguard Real Estate Investment Trust

Morguard Real Estate Investment Trust

Real Estate REIT - Diversified
PortfolioPortfolio WatchlistWatchlist
Company price
7.02 CAD -0.01 ( 0.14%)
Last update at 2026-11-04T14:30:00Z
VOLUME
100
Market Cap
338.60M

Momentum Score

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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.

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
7.02
Low
7.02
High
52 Week Price Range
5.04
Low
5.61
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 Real Estate Investment Trust is a Canadian REIT that owns and manages a diversified portfolio of income-producing commercial and multi-residential properties across major Canadian markets and provides asset-management expertise through its sponsor. Its long-term growth may be supported by rental income, leasing and re‑positioning of assets, selective development or acquisitions, and operational income from property management, which could support steady distributions.

Material risks include sensitivity to interest-rate movements and property-market cyclicality, potential tenant vacancies and concentration, execution risk on redevelopments and acquisitions, and leverage that could pressure cash flows.

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
7.03
Dividend Yield
4.49%
Revenue TTM
250.77M
Revenue Per Share
3.90
Gross Profit TTM
124.30M
Debt / Equity
1.21
ROE
-13.26%
Net Debt
1263.80M
ROCE
5.85%
Diluted EPS TTM
-2.21

Key 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 -86.10M 4.88M -357.42M 14.84M 73.02M
Net income -138.06M -46.44M -777.18M -59.01M 73.02M
Selling general administrative 3.53M 3.85M 3.59M 4.27M 4.78M
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 -
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
Net interest income -53.52M -53.28M -56.38M -58.01M -55.65M
Income tax expense 51.97M 51.33M 419.77M 73.85M 0.00M
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 -200.94M -112.30M -474.43M -130.20M -18.63M
Net income from continuing ops -86.10M 4.88M -357.42M 14.84M 73.02M
Net income applicable to common shares -86.10M 4.88M -357.42M 14.84M 73.02M
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
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
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
Other assets 51.20M 40.15M 36.80M 38.80M 34.45M
Cash 9.71M 11.27M 8.65M 5.78M 10.65M
Total current liabilities 414.25M 252.15M 465.73M 310.87M 311.57M
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
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
Accounts payable 46.46M 38.89M 40.91M 47.45M 49.81M
Non currrent assets other 2337.80M 2451.30M 2499.95M 2892.10M 2915.59M
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 -
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 -32.42M -2.95M -25.02M -36.42M -70.82M
Change to liabilities 8.67M -2.96M -5.86M -2.09M -1.31M
Total cashflows from investing activities -32.42M -2.95M -25.02M -36.42M -70.82M
Net borrowings -26.71M -57.25M 4.13M -9.36M 42.12M
Total cash from financing activities -43.11M -74.62M -19.04M -57.81M -26.75M
Change to operating activities -0.83M 0.27M 0.47M -0.55M 0.28M
Net income -86.10M 4.88M -357.42M 14.84M 73.02M
Change in cash -1.56M 2.62M 2.86M -4.87M -4.10M
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
Depreciation 0.08M 0.08M 0.08M 0.08M 0.08M
Dividends paid 16.02M 16.47M 21.44M 57.79M 57.78M
Change to account receivables -3.47M 15.49M -13.44M 2.70M 0.84M
Sale purchase of stock - - -0.95M 0.00M -0.41M
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 in working capital 4.36M 12.80M -18.82M 0.06M -0.20M
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

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)
MRT-UN
Morguard Real Estate Investment Trust		 -0.01
0.14%		 7.02 - 5.56 1.35 0.35 6.44 -19.12
HR-UN
H&R Real Estate Investment Trust		 0.12
1.25%		 9.72 - 7.46 3.01 0.47 7.23 85.97
CRR-UN
Crombie Real Estate Investment Trust		 0.22
1.36%		 16.39 684.50 24.15 5.73 1.35 10.81 14.46
RFA
RFA Financial Inc.		 0.57
2.54%		 22.98 - 16.53 6.08 1.12 9.76 82.04
MPCT-UN
Dream Impact Trust		 -0.02
1.56%		 1.26 - 24.45 5.16 0.23 6.40 7.24

Profile*

Morguard Real Estate Investment Trust

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.

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, 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

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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