Marwest Apartment REIT
MAR-UN.V
Toronto Stock Exchange Ventures0.78
CAD
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Marwest Apartment REIT
MAR-UN.V
(Toronto Stock Exchange Ventures)
Recent
price
0.78
P/E
ratio
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div
yld
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ROIC.AI
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- Business
- Marwest Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust focused on acquiring, owning, operating and generating income from multi-family residential rental properties in strategically selected markets across Western Canada. The REIT’s principal activities comprise investment-property ownership; apartment-community leasing and rental operations; tenant services; property management and maintenance; asset management; capital improvements; and the distribution of available cash to unitholders. Its portfolio consists of income-producing apartment properties serving residential tenants, with a focus on defensive rental-housing markets and the creation of stable, risk-adjusted returns from recurring rental revenue. The REIT is supported by asset-management and property-management arrangements with the Marwest Group of Companies, which provides development, construction, management, financial and back-office capabilities and may provide the REIT with access to future acquisition opportunities. Marwest Apartment REIT was founded in 2020 and is headquartered at 220 Portage Avenue, Suite 500, Winnipeg, Manitoba, Canada. In recent developments, the REIT commenced a normal course issuer bid on April 1, 2026 and repurchased and cancelled 7,500 trust units during the second quarter of 2026 at an average cost of C$0.72 per unit. In June 2026, its trustees approved a 2.1% increase in the monthly cash-distribution policy to C$0.001455 per trust unit, equivalent to C$0.01746 annually, effective for unitholders of record beginning June 30, 2026. For the quarter ended June 30, 2026, the REIT reported higher funds from operations per unit and continued to operate its stabilized residential portfolio, with net asset value of C$2.47 per unit.