Morguard Corporation

Equities

MRC

CA6175771014

Real Estate Development & Operations

Market Closed - Toronto S.E. Other stock markets 03:59:30 2024-05-17 pm EDT			5-day change	1st Jan Change
111.9 ^CAD	+0.09%		+1.73%	+5.59%

May. 14	Morguard Developments Brief: Net income was up 494% to $12.79 million in Q1-2024	MT
May. 14	Correction: -- Morguard Developments Brief: Q1 Revenue increased to $49.75 million compared to $36.08 million in Q1-2023, and funds from operations was $13.75 million compared to $7.05 million last year	MT

Tranche Update on Morguard Corporation's Equity Buyback Plan announced on September 16, 2022.

November 01, 2023 at 04:11 pm EDT

From July 1, 2023 to September 21, 2023, the company has repurchased 0 shares, representing 0% for CAD 0 million. With this, the company has completed the repurchase of 208,927 shares, representing 1.9% for CAD 0.21 million under the buyback announced on September 16, 2022.

Latest news about Morguard Corporation

Morguard Developments Brief: Net income was up 494% to $12.79 million in Q1-2024	May. 14	MT
Correction: -- Morguard Developments Brief: Q1 Revenue increased to $49.75 million compared to $36.08 million in Q1-2023, and funds from operations was $13.75 million compared to $7.05 million last year	May. 14	MT
Morguard Corporation Brief: Q1 Revenue increased to $49.75 million compared to $36.08 million in Q1-2023, and funds from operations was $13.75 million compared to $7.05 million last year	May. 14	MT
Morguard Corporation Swings To Q1 Profit On Hotel Property Sales	May. 07	MT
Morguard Corporation Brief: Adjusted NOI increased by $1.8 million, or 1.3%, to $138.0 million for the three months ended March 31, 2024	May. 07	MT
Morguard Corporation Brief: Net income increased by $148.1 million to $116.8 million for the three months ended March 31, 2024	May. 07	MT
Morguard Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 07	CI
Morguard Corporation Announces First Quarterly Dividend, Payable on June 28, 2024	May. 07	CI
Morguard REIT Brief: Q1 Net Loss Basic and Diluted $0.57; Adjusted Funds From Operations Basic $0.12 and Diluted $0.11	May. 01	MT
Morguard North American Residential REIT's Q1 Net Income Down Vs a Year Ago, But Cites Other Positive Highlights	Apr. 30	MT
North American Morning Briefing : Investors Brace -2-	Apr. 29	DJ
Morguard's Credit Ratings Confirmed at DBRS	Apr. 18	MT
Morguard Names COO	Mar. 26	MT
Morguard Corporation Brief: Angela Sahi, Appointed To New Role of President and Chief Operating Officer, effective immediately	Mar. 26	MT
Morguard Corporation Announces Appointment of Angela Sahi as President and Chief Operating Officer	Mar. 26	CI
RBC Capital Markets Says Outperform Ratings For Canadian REITs Still Intact	Mar. 20	MT
Morguard Sells 181 Queen Street in Ottawa; Up 2.4%	Mar. 07	MT
Public Services and Procurement Canada acquired Office property at 181 Queen Street in Ottawa from Morguard Corporation for approximately CAD 130 million.	Mar. 06	CI
G2S2 Capital Inc. Increased Investment In Morguard REIT	Feb. 26	MT
Morguard Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 22	CI
Morguard Corporation Brief: Net income decreased by $54.0 million to $58.2 million for the year ended December 31, 2023; Announces Regular Eligible Dividend	Feb. 22	MT
Morguard Corporation Announces Dividend for the First Quarter of 2024, Payable on March 28, 2024	Feb. 22	CI
Morguard REIT Fourth Quarter NOI Edges Down Despite Revenue Gains	Feb. 14	MT
Morguard REIT Brief: Q4 Adjusted funds from operations Diluted $0.14 and Basic $0.15	Feb. 14	MT
Morguard North American Residential REIT Swings Back to a Fourth-Quarter Profit	Feb. 13	MT

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Company Profile

Morguard Corporation is a Canada-based real estate company. The Companyâs principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust.

Sector

Real Estate Development & Operations

Calendar

2024-06-13 - Ex-dividend day

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

111.9 CAD

Average target price

135 CAD

Spread / Average Target

+20.64%

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Chiffre d''affaires - Rate of surprise

Company calendar

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