MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST

Morguard North American Residential Real Estate Investment Trust

MRG.UN

CA61761E1007

Residential REITs

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-08 pm EDT			5-day change	1st Jan Change
16.12 ^CAD	+2.74%		+8.04%	+9.14%

May. 07	Morguard Corporation Swings To Q1 Profit On Hotel Property Sales	MT
May. 07	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	MT

Morguard North American Residential Real Estate Investment Trust Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022

July 26, 2022 at 04:26 pm EDT

Morguard North American Residential Real Estate Investment Trust reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 67.39 million compared to CAD 59.81 million a year ago. Net income was CAD 162.6 million compared to CAD 18.77 million a year ago.
For the six months, sales was CAD 132.65 million compared to CAD 120.14 million a year ago. Net income was CAD 325.03 million compared to CAD 45.77 million a year ago.

Latest news about Morguard North American Residential Real Estate Investment Trust

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
Transcript : Morguard North American Residential Real Estate Investment Trust, Q1 2024 Earnings Call, May 02, 2024	May. 02
Morguard North American Residential REIT's Q1 Net Income Down Vs a Year Ago, But Cites Other Positive Highlights	Apr. 30	MT
Morguard North American Residential Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 30	CI
Morguard North American Residential Real Estate Investment Trust Declares Distribution for the Month of April 2024, Payable on May 15, 2024	Apr. 15	CI
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
RBC Capital Markets Says Outperform Ratings For Canadian REITs Still Intact	Mar. 20	MT
Morguard North American Residential Real Estate Investment Trust Declares Distribution for March 2024 , Payable on April 15, 2024	Mar. 15	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
CAPREIT Brief: Q4 FFO per unit Diluted $0.602	Feb. 22	MT
Transcript : Morguard North American Residential Real Estate Investment Trust, Q4 2023 Earnings Call, Feb 15, 2024	Feb. 15
Morguard North American Residential Real Estate Investment Trust Declares February 2024, Payable on March 15, 2024	Feb. 15	CI
Morguard North American Residential REIT Swings Back to a Fourth-Quarter Profit	Feb. 13	MT
Morguard North American Residential Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 13	CI
Morguard North American Residential REIT Brief: Net income of $185.3 million for year ended December 31, 2023, a decrease of $54.3 million, or 22.7% compared to 2022	Feb. 13	MT
Morguard North American Residential REIT Brief: Net operating income of $180.2 million for the year ended December 31, 2023, an increase of $29.0 million, or 19.2% compared to 2022	Feb. 13	MT
Morguard Corporation Completes $410 Million Sale of Hotel Portfolio	Jan. 19	MT
Morguard North American Residential Real Estate Investment Trust Declares a Distribution for the Month of January 2024, Payable on February 15, 2024	Jan. 15	CI
Morguard North American REIT Obtains TSX Approval for Normal Course Issuer Bid	Jan. 10	MT
Morguard Corporation Sells Hotel Portfolio For $410 Million	Jan. 08	MT
Morguard Corporation Brief: Announcing Strategic Sale Of Hotel Portfolio	Jan. 08	MT
RBC Capital Markets Expects Stronger Returns For Canadian REITs in 2024	Dec. 22	MT

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Company Profile

Morguard North American Residential Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The REIT owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and United States residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland. The objectives of the REIT are to generate stable and growing cash distributions to Unitholders on a tax-efficient basis; to enhance the value of its portfolio and the long-term value of its units through active asset and property management; and to expand the REIT's asset base, primarily through acquisitions and property improvements. The REIT's multi-suite residential property portfolio consists of about 16 Canadian properties and 27 United States properties, having a total of approximately 13,089 residential suites and 239,500 square feet of commercial area.

Sector

Residential REITs

Calendar

2024-07-22 - Q2 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

16.12 CAD

Average target price

20.33 CAD

Spread / Average Target

+26.14%

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Sector Residential REITs

	1st Jan change	Capi.
MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST	+9.14%	432M
EQUITY RESIDENTIAL	+8.08%	25.28B
INVITATION HOMES INC.	+1.73%	21.43B
ESSEX PROPERTY TRUST, INC.	+2.65%	16.54B
MID-AMERICA APARTMENT COMMUNITY, INC.	-1.09%	15.91B
SUN COMMUNITIES, INC.	-12.67%	14.52B
AMERICAN HOMES 4 RENT	+0.56%	13.36B
UDR INC.	-0.05%	12.83B
EQUITY LIFESTYLE PROPERTIES, INC.	-11.07%	11.75B
CAMDEN PROPERTY TRUST	+4.91%	11.29B

Residential REITs