Morguard North American Residential Real Estate Investment Trust

Morguard North American Residential Real Estate Investment Trustverified

MRG-UN.TO

Price:

$19.19

Market Cap:

$712.96M

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 ROE as of September 2024 (TTM) for Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO) is 7.39%

According to Morguard North American Residential Real Estate Investment Trust’s latest financial reports and current stock price. The company's current ROE is 7.39%. This represents a change of 301.13% compared to the average of 1.84% of the last 4 quarters.

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

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

The mean historical ROE of Morguard North American Residential Real Estate Investment Trust over the last ten years is 11.27%. The current 7.39% ROE has changed -34.39% with respect to the historical average. Over the past ten years (40 quarters), MRG-UN.TO's ROE was at its highest in in the December 2017 quarter at 11.24%. The ROE was at its lowest in in the December 2022 quarter at -10.03%.

Quarterly (TTM)
Annual

Average

11.27%

Median

11.01%

Minimum

4.48%

Maximum

19.70%

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

Discovering the peaks and valleys of Morguard North American Residential Real Estate Investment Trust ROE, 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 = 339.38%

Maximum Annual ROE = 19.70%

Minimum Annual Increase = -60.03%

Minimum Annual ROE = 4.48%

Quarterly (TTM)
Annual
YearROEChange
20239.52%-23.89%
202212.51%-23.30%
202116.31%18.19%
202013.80%104.08%
20196.76%-60.03%
201816.91%-14.16%
201719.70%339.38%
20164.48%-24.14%
20155.91%-13.12%
20146.80%-38.34%

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

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

The current ROE 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

12.78%

5-year avg

11.78%

10-year avg

11.27%

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

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

Morguard North American Residential Real Estate Investment Trust’s ROE is greater than Morguard Real Estate Investment Trust (-11.24%), less than Killam Apartment REIT (12.07%), greater than InterRent Real Estate Investment Trust (-0.07%), greater than Minto Apartment Real Estate Investment Trust (-3.24%), less than Crombie Real Estate Investment Trust (1.64%),

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