Morguard North American Residential Real Estate Investment Trust

Morguard North American Residential Real Estate Investment Trustverified

MRG-UN.TO

Price:

$17.95

Market Cap:

$657.63M

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...[Read more]

Industry

REIT - Residential

IPO Date

2014-02-06

Stock Exchange

TSX

Ticker

MRG-UN.TO

The Current Ratio as of November 2024 (TTM) for Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO) is 0.40

According to Morguard North American Residential Real Estate Investment Trust’s latest financial reports and current stock price. The company's current Current Ratio is 0.40. This represents a change of 4.03% compared to the average of 0.39 of the last 4 quarters.

Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO) Historical Current Ratio (quarterly & annually)

How has MRG-UN.TO Current Ratio performed in the past?

The mean historical Current Ratio of Morguard North American Residential Real Estate Investment Trust over the last ten years is 0.46. The current 0.40 Current Ratio has changed 8.71% with respect to the historical average. Over the past ten years (40 quarters), MRG-UN.TO's Current Ratio was at its highest in in the June 2022 quarter at 0.95. The Current Ratio was at its lowest in in the September 2017 quarter at 0.11.

Quarterly (TTM)
Annual

Average

0.46

Median

0.41

Minimum

0.19

Maximum

0.83

Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Morguard North American Residential Real Estate Investment Trust Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 544.83%

Maximum Annual Current Ratio = 0.83

Minimum Annual Increase = -73.72%

Minimum Annual Current Ratio = 0.19

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.19-73.72%
20220.74-11.51%
20210.83159.58%
20200.32-53.69%
20190.69237.49%
20180.21-0.03%
20170.21-42.75%
20160.36-36.11%
20150.5624.40%
20140.45544.83%

Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO) Average Current Ratio

How has MRG-UN.TO Current Ratio performed in the past?

The current Current Ratio of Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.59

5-year avg

0.56

10-year avg

0.46

Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO) Current Ratio vs. Peers

How is MRG-UN.TO’s Current Ratio compared to its peers?

Morguard North American Residential Real Estate Investment Trust’s Current Ratio is greater than Morguard Real Estate Investment Trust (0), greater than Killam Apartment REIT (0.10), greater than InterRent Real Estate Investment Trust (0.05), greater than Minto Apartment Real Estate Investment Trust (0.29), greater than Crombie Real Estate Investment Trust (0.14),

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