Company
Morguard North American Residential Real Estate Investment Trust
Headquarters: Mississauga, ON, Canada
CEO: Mr. Kuldip Rai Sahi FCA, FCGA, FCPA
Market Cap
C$991.0 Million
CAD as of Jan. 1, 2025
US$689.0 Million
Morguard North American Residential Real Estate Investment Trust Categories
Canada Real Estate REIT—ResidentialCanada Real Estate Canada REIT—Residential
Top Competitors by Market Capitalization
Industry: REIT—Residential
| Company | Market Cap (USD) |
|---|---|
| AvalonBay Communities, Inc. | $30.41 B |
| Equity Residential | $26.67 B |
| Invitation Homes Inc. | $18.70 B |
| Essex Property Trust, Inc. | $18.49 B |
| American Campus Communities, Inc. | $18.13 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Prologis, Inc. | $109.79 B |
| Equinix, Inc. (REIT) | $90.79 B |
| American Tower | $87.10 B |
| Welltower Inc. | $82.34 B |
| Simon Property Group, Inc. | $65.66 B |
Detailed Description
The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management. The REIT's portfolio is comprised of 13,275 residential suites (as of October 27, 2020) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $3.1 billion at September 30, 2020.
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Financials
| Last Financial Reports Date | March 31, 2024 |
| Revenue TTM | C$341.9 M |
| EBITDA | C$172.0 M |
| Gross Profit TTM | C$158.3 M |
| Profit Margin | 50.48% |
| Operating Margin | 17.81% |
| Quarterly Revenue Growth | 2.90% |
Stocks & Indices
Morguard North American Residential Real Estate Investment Trust has the following listings and related stock indices.
Stock: TSX: MRG.UN wb_incandescent