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

This open-ended, unincorporated real estate investment trust (REIT) is organized and operates under the legal framework of the Province of Ontario, Canada. Its shares are listed and actively traded on the Toronto Stock Exchange (TSX) using the ticker symbol MRG.UN. The REIT's strategic objective is to acquire premium multi-suite residential properties across Canada and the United States, thereby enhancing long-term unitholder value through diligent asset and property management. As of October 27, 2020, its extensive portfolio included 13,275 residential units. These properties, located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland, were appraised at approximately $3.1 billion as of September 30, 2020.

Market snapshot

Symbol
MRG-UN.TO
Price
$16.90
Day change
+0.36%
Market cap
$590.5M
P/E ratio
8.62x
52-week range
16.31-19.2
Sector
Real Estate
Industry
REIT - Residential
Next earnings
in 1 month

Peer companies

  • Automotive Properties Real Estate Investment Trust (APR-UN.TO)
  • Artis Real Estate Investment Trust (AX-UN.TO)
  • BTB Real Estate Investment Trust (BTB-UN.TO)
  • Dream Unlimited Corp. (DRM.TO)
  • BSR Real Estate Investment Trust (HOM-U.TO)
  • Minto Apartment Real Estate Investment Trust (MI-UN.TO)
  • Nexus Industrial REIT (NXR-UN.TO)
  • Plaza Retail REIT (PLZ-UN.TO)

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