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 2024-04-24 pm EDT			5-day change	1st Jan Change
15.59 ^CAD	+0.26%		+1.04%	+5.55%

Apr. 15	Morguard North American Residential Real Estate Investment Trust Declares Distribution for the Month of April 2024, Payable on May 15, 2024	CI
Mar. 26	Morguard Names COO	MT

Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) announces an Equity Buyback for 1,478,869 shares, representing 3.79% of its issued share capital.

January 06, 2022 at 08:14 am EST

Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 1,478,869 units, representing 3.79% of its issued share capital. The share repurchases will be cancelled.

The bid is valid till January 7, 2023. As of December 31, 2021, the company had 39,064,265 units are issued and outstanding.

Latest news about Morguard North American Residential Real Estate Investment Trust

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
Morguard North American Residential Real Estate Investment Trust Declares a Distribution for the Month of December 2023, Payable on January 15, 2024	Dec. 15	CI
Morguard North American Residential Real Estate Investment Trust Declares Distribution for the Month of November 2023, Payable on December 15, 2023	Nov. 15	CI
Morguard Corporation Brief: Normalized funds from operations was $64.4 million, or $5.95 per common share, for the three months ended September 30, 2023	Nov. 01	MT
Morguard Corporation Brief: Net income decreased by $65.2 million to a net loss of $9.4 million for the three months ended September 30, 2023	Nov. 01	MT
Tranche Update on Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)'s Equity Buyback Plan announced on January 6, 2023.	23-10-29	CI
Morguard North American Residential Real Estate Investment Trust Increases Annual Cash Distribution	23-10-26	CI

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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

2024-04-29 - Q1 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.59 CAD

Average target price

20.67 CAD

Spread / Average Target

+32.56%

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Sector Residential REITs

	1st Jan change	Capi.
MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST	+5.55%	429M
AVALONBAY COMMUNITIES, INC.	+2.20%	27.17B
EQUITY RESIDENTIAL	+5.64%	24.48B
INVITATION HOMES INC.	+0.59%	21.01B
ESSEX PROPERTY TRUST, INC.	-0.08%	15.91B
SUN COMMUNITIES, INC.	-9.99%	14.99B
MID-AMERICA APARTMENT COMMUNITY, INC.	-4.51%	14.99B
AMERICAN HOMES 4 RENT	-1.08%	13.03B
UDR INC.	-1.04%	12.48B
EQUITY LIFESTYLE PROPERTIES, INC.	-13.07%	11.44B

Residential REITs