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 21:00:00 26/06/2024 BST			5-day change	1st Jan Change
15.08 ^CAD	-0.92%		+0.53%	+2.10%

05-14	Correction: -- Morguard Developments Brief: Q1 Revenue increased to $49.75 million compared to $36.08 million in Q1-2023, and funds from operations was $13.75 million compared to $7.05 million last year	MT
05-14	Morguard Corporation Brief: Q1 Revenue increased to $49.75 million compared to $36.08 million in Q1-2023, and funds from operations was $13.75 million compared to $7.05 million last year	MT

Tranche Update on Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)'s Equity Buyback Plan announced on January 6, 2023.

April 30, 2024 at 09:22 pm

From January 1, 2024 to January 9, 2024, the company has repurchased 13,268 shares, representing 0.04% for CAD 0.21 million. With this, the company has completed the repurchase of 1,250,132 shares, representing 3.24% for CAD 20.26 million under the buyback announced on January 6, 2023.

Latest news about Morguard North American Residential Real Estate Investment Trust

Correction: -- Morguard Developments Brief: Q1 Revenue increased to $49.75 million compared to $36.08 million in Q1-2023, and funds from operations was $13.75 million compared to $7.05 million last year	05-14	MT
Morguard Corporation Brief: Q1 Revenue increased to $49.75 million compared to $36.08 million in Q1-2023, and funds from operations was $13.75 million compared to $7.05 million last year	05-14	MT
Morguard Corporation Swings To Q1 Profit On Hotel Property Sales	05-07	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	05-07	MT
Morguard Corporation Brief: Net income increased by $148.1 million to $116.8 million for the three months ended March 31, 2024	05-07	MT
Transcript : Morguard North American Residential Real Estate Investment Trust, Q1 2024 Earnings Call, May 02, 2024	05-02
Morguard North American Residential REIT's Q1 Net Income Down Vs a Year Ago, But Cites Other Positive Highlights	04-30	MT
Tranche Update on Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)'s Equity Buyback Plan announced on January 10, 2024.	04-30	CI
Tranche Update on Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)'s Equity Buyback Plan announced on January 6, 2023.	04-30	CI
Morguard North American Residential Real Estate Investment Trust Reports Earnings Results for the First Quarter Ended March 31, 2024	04-30	CI
Morguard Names COO	03-26	MT
Morguard Corporation Brief: Angela Sahi, Appointed To New Role of President and Chief Operating Officer, effective immediately	03-26	MT
RBC Capital Markets Says Outperform Ratings For Canadian REITs Still Intact	03-20	MT
CAPREIT Brief: Q4 FFO per unit Diluted $0.602	02-22	MT
Transcript : Morguard North American Residential Real Estate Investment Trust, Q4 2023 Earnings Call, Feb 15, 2024	02-15
Morguard North American Residential REIT Swings Back to a Fourth-Quarter Profit	02-13	MT
Tranche Update on Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)'s Equity Buyback Plan announced on January 6, 2023.	02-13	CI
Morguard North American Residential Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023	02-13	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	02-13	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	02-13	MT
Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) acquired remaining 50% stake in Fenestra at Rockville Town for $0.096902 million.	02-12	CI
Morguard Corporation Completes $410 Million Sale of Hotel Portfolio	01-19	MT
Morguard North American REIT Obtains TSX Approval for Normal Course Issuer Bid	01-10	MT
Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) announces an Equity Buyback for 2,795,028 shares, representing 7.41% of its issued share capital.	01-10	CI
Morguard North American Residential Real Estate Investment Trust authorizes a Buyback Plan.	01-09	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

27/06/2024 - Détachement de

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Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

15.08 CAD

Average target price

20.33 CAD

Spread / Average Target

+34.84%

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Sector Residential REITs

	1st Jan change	Capi.
MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST	+2.10%	412M
AVALONBAY COMMUNITIES, INC.	+8.90%	28.95B
EQUITY RESIDENTIAL	+11.22%	25.78B
INVITATION HOMES INC.	+2.93%	21.51B
ESSEX PROPERTY TRUST, INC.	+10.20%	17.54B
MID-AMERICA APARTMENT COMMUNITY, INC.	+3.48%	16.26B
SUN COMMUNITIES, INC.	-11.46%	14.75B
UDR INC.	+5.67%	13.32B
AMERICAN HOMES 4 RENT	+0.28%	13.21B
EQUITY LIFESTYLE PROPERTIES, INC.	-8.65%	12.02B

Residential REITs

Morguard North American Residential Real Estate Investment Trust

Equities

MRG.UN

CA61761E1007

Residential REITs

Tranche Update on Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)'s Equity Buyback Plan announced on January 6, 2023.

Latest news about Morguard North American Residential Real Estate Investment Trust

Chart Morguard North American Residential Real Estate Investment Trust

Company Profile

Income Statement Evolution

Analysts' Consensus

EPS Revisions

Quarterly revenue - Rate of surprise

Sector Residential REITs