Morguard North American Residential Real Estate Investment Trust
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Angela Sahi
- Full Time Employees
- 1,300
- Sector
- Real Estate
- Industry
- REIT - Residential
- Address
- 55 City Centre Drive Mississauga ON Canada L5B 1M3
- IPO Date
- Oct 21, 2013
- Website
- morguard.com
- Similar Companies
- Business
- Morguard North American Residential Real Estate Investment Trust (MRG.UN) is an open-ended real estate investment trust listed on the Toronto Stock Exchange that acquires, owns and actively manages a diversified portfolio of multi-suite residential rental apartment communities and limited commercial properties across Canada and the United States; its core assets comprise 16 Canadian residential properties located in Alberta and Ontario totaling thousands of suites, 26 U.S. residential apartment communities situated in Colorado, Florida, Georgia, Illinois, Louisiana, Maryland, North Carolina, Texas and Virginia encompassing approximately 12,315 residential suites, and one retail property providing 229,500 square feet of commercial gross leasable area; total assets stand at $4.6 billion as of September 30, 2025, with the portfolio appraised at around $4.3 billion and operations segmented between Canada and the U.S., the latter generating the majority of revenue from middle-market multi-family rentals targeting stable occupancy and rent growth. Founded in 2012 and headquartered in Mississauga, Ontario, the REIT has more than doubled its portfolio size since its initial public offering through strategic acquisitions, property improvements and capital recycling. In October 2025, the REIT announced third-quarter results reflecting net operating income growth of 4.0% year-over-year to $54.1 million, proportionate net operating income up 2.7%, funds from operations per unit rising 7.5% to $0.43, and an increase in its annual cash distribution by $0.03 per unit to $0.79 effective November 2025; it also refinanced a Chicago, Illinois property mortgage for US$120.0 million at 5.35% interest, yielding net proceeds of US$7.4 million, while U.S. average monthly rent rose 1.5% and occupancy improved to 92.5%.
Morguard North American Residential Real Estate Investment Trust (MRG.UN:CA) Q1 2026 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MRG.UN:CA) Q4 2025 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (OTCMKTS:MNARF) Shares Down 1.7% – Time to Sell?
Morguard North American Residential Real Estate Investment Trust (MRG.UN:CA) Q3 2025 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MNARF) Q2 2025 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MNARF) Q1 2025 Earnings Call Transcript
Canadian REITs: Can They Weather Tariff Uncertainty?
Morguard North American Residential Real Estate Investment Trust (MNARF) Q4 2024 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MNARF) Q3 2024 Earnings Call Transcript
Rate Cuts Open Door For Potential Opportunity In REITs
Morguard North American Residential REIT (MNARF) Q2 2024 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MNARF) Q1 2024 Earnings Call Transcript
Why Lower Rates Could Lead To Opportunities In REITs This Year
Morguard North American Residential Real Estate Investment Trust (MNARF) Q4 2023 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MNARF) Q3 2023 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MNARF) Q2 2023 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MNARF) Q1 2023 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MNARF) Q4 2022 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MNARF) Q3 2022 Earnings Call Transcript
Morguard North American Residential Real Estate Investment Trust (MNARF) CEO Rai Sahi on Q2 2022 Results - Earnings Call Transcript