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  2. •

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  3. •

    Real estate development
Morguard Corporation

Morguard Corporation

116.00
CAD
+0.45
(+0.39%)
21.53EPS
5.99P/E
1.33BMarket Cap
Nov 04Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
39.8
44.03
71.55
76.67
92.98
101.78
103.67
91.78
92.06
101.09
110.6
102.51
103.33
102.74
Basic EPS, GAAP
22.58
10.92
6.58
14.46
26.1
27.96
16.57
-8.83
22.5
11.08
6.8
24.23
16.34
20.78
Free Cash Flow per Basic Share
13.17
11.19
18.05
23.14
25.03
24.96
23.9
18.72
23.85
22.67
27.15
22.85
19.79
22.93
Dividend per Share
0.6
0.59
0.59
0.59
0.59
0.59
0.59
0.59
0.59
0.6
0.6
0.65
0.8
0.8
Book Value per Share
185.12
202.27
224.94
239.99
260.32
303.82
314.54
303.57
327.19
350.69
359.53
400.36
410.7
431.59
Tangible Book Value per Share
183.18
200.28
221.47
236.77
254.88
298.13
308.99
298.33
322.49
346.55
355.91
397.15
407.51
428.28
Basic Weighted Avg Shares
13
13
12
12
12
11
11
11
11
11
11
11
11
11
Sales/Revenue/Turnover
505
551
876
916
1,105
1,164
1,170
1,028
1,022
1,120
1,206
1,108
1,106
1,098
Operating Margin (%)
41.58
43.86
47.63
46.7
42.89
41.85
40.88
42.63
41.16
42.31
43.85
45.83
45.6
45.49
Depreciation Expense
5
5
8
9
31
32
36
35
32
27
23
11
7
5
Net Income, GAAP
286
137
81
173
310
320
187
-99
250
123
74
262
175
222
Effective Tax Rate (%)
16.44
32.68
43.2
33.85
13.85
17.31
16.27
- -
37.12
17.13
28.62
19.71
25.59
25.03
Profit Margin (%)
56.74
24.79
9.2
18.87
28.07
27.47
15.98
-9.62
24.44
10.96
6.15
23.63
15.82
20.23
Working Capital
-541
-421
-507
-888
-919
-1,107
-941
-919
-813
-1,116
-1,411
-977
-1,063
-864
LT Debt
1,773
3,305
3,656
3,724
3,986
4,407
4,986
4,854
4,934
4,588
4,034
4,489
4,177
4,462
Total Equity
2,346
3,359
3,482
3,671
3,934
4,229
4,306
3,913
4,174
4,385
4,343
4,719
4,769
4,999
Return on Invested Capital (%)
4.11
2.46
3.11
3.54
4.47
4.1
3.82
- -
2.39
3.89
3.79
4.01
3.68
3.54
Return on Capital (%)
8.46
3.46
1.99
3
5.15
5.06
3.78
- -
3.84
3.16
2.7
4.76
3.47
3.8
Return on Common Equity (%)
13.08
5.66
3.1
6.21
10.43
9.82
5.36
-2.86
7.13
3.28
1.91
6.4
4.03
4.96

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,281
1,542
1,227
LT Borrowings
3,986
3,740
4,233
LT Finance Leases
191
210
228
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
- -
1,228
1,329

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
465
457
654
Cash, Cash Equivalents & STI
185
193
375
Accounts Receivable, Net
57
36
22
Inventories
- -
- -
- -
Total Current Liabilities
1,528
1,824
1,518
Payables & Accruals
215
250
257
ST Debt
1,281
1,542
1,227
Deferred Revenue
26
26
26

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.33%
4.1%
1.05%
Free Cash Flow
0.91%
1.62%
-14.24%
Net Income, GAAP
-22.05%
-44.63%
-33.2%
Sales/Revenue/Turnover
2.73%
1.66%
-0.18%
Total Cash Common Dividend
1.83%
5.55%
22.02%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
277
274
271
285
1,108
2025
278
276
- -
278
1,106
2026
270
273
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12.06
4.98
0.05
7.14
24.23
2025
5.42
5.04
- -
2.33
16.34
2026
5.48
7.93
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.15
0.15
0.2
0.65
2025
0.2
0.2
- -
0.2
0.8
2026
0.2
0.2
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Angela Sahi
Full Time Employees
3
Sector
Finance
Industry
Real estate development
Address
55 City Centre Drive Mississauga ON Canada L5B 1M3
IPO Date
Mar 17, 1980
Website
morguard.com
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Business
Morguard Corporation (TSX:MRC) operates as a fully integrated real estate company that acquires, develops, owns and manages multi-suite residential, retail, office, industrial and hotel properties across Canada and the United States; provides real estate investment advisory and management services, including acquisitions, dispositions, leasing, performance measurement and asset enhancement; and offers portfolio management in publicly traded equities and fixed-income securities to institutional clients and private investors. The company maintains ownership interests in Morguard Real Estate Investment Trust (TSX:MRT.UN) and Morguard North American Residential REIT (TSX:MRG.UN), with a combined owned and managed portfolio valued at $19.0 billion as of September 30, 2025, encompassing approximately 32.4 million square feet. Founded in 1975 and headquartered in Mississauga, Ontario, Morguard operates as a subsidiary of Paros Enterprises Limited and serves diverse tenants through long-standing relationships while pursuing redevelopment and expansion opportunities. In November 2025, Morguard announces a CEO transition appointing Angela Sahi as President and Chief Executive Officer and naming K. Rai Sahi as Executive Chair; completes a $250 million offering of 5.00% Series I senior unsecured debentures in October 2025, generating over $1 billion in demand; launches Smart Building Living Labs in partnership with CENGN and Nokia in October 2025 across Montreal, Toronto and Ottawa to advance Canadian technology innovation; and increases its ownership in Morguard Real Estate Investment Trust to 83.49% through open market purchases and distribution reinvestments between April and July 2025.

Company News

Company News APIChatGPT

  • defenseworld.net

    Insider Buying: Morguard (TSE:MRC) Insider Purchases C$102,825.00 in Stock

  • marketbeat.com

    Morguard North American Residential Real Estate Investment Trust Q2 Earnings Call Highlights

  • seekingalpha.com

    Morguard Real Estate Investment Trust (MRT.UN:CA) Q2 2026 Earnings Call Transcript

  • seekingalpha.com

    Morguard Real Estate Investment Trust (MRT.UN:CA) Q1 2026 Earnings Call Transcript

  • seekingalpha.com

    Morguard North American Residential Real Estate Investment Trust (MRG.UN:CA) Q1 2026 Earnings Call Transcript

  • seekingalpha.com

    Morguard Real Estate Investment Trust (MRT.UN:CA) Q4 2025 Earnings Call Transcript

  • seekingalpha.com

    Morguard North American Residential Real Estate Investment Trust (MRG.UN:CA) Q4 2025 Earnings Call Transcript

  • seekingalpha.com

    Morguard Real Estate Investment Trust (MRT.UN:CA) Q3 2025 Earnings Call Transcript

  • seekingalpha.com

    Morguard North American Residential Real Estate Investment Trust (MRG.UN:CA) Q3 2025 Earnings Call Transcript

  • newsfilecorp.com

    Morguard Corporation (MRC) Closes the Market

  • gurufocus.com

    Morguard Corp - A Deep-Value, Canadian Real Estate Stock