Morguard NA REIT UN stock analysis
Morguard NA REIT UN (MNARF) Stock Price & Analysis
MNARF Stock Chart & Stats
- Day’s Range
- $10.49 - $10.79
- 52-Week Range
- $10.04 - $14.00
- Previous Close
- $10.69
- Volume
- N/A
- Average Volume (3M)
- 127
- Market Cap
- $552.34M
- Enterprise Value
- $2.63B
- Total Cash (Recent Filing)
- $172.08M
- Total Debt (Recent Filing)
- $1.88B
- Price to Earnings (P/E)
- 7.0
- Beta
- 0.28
- Next Earnings
- Feb 16, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Oct 30, 2026
- Dividend Yield
- 5.44%
Bulls Say, Bears Say
Bulls Say
Strong Revenue Growth
The strong TTM revenue increase indicates meaningful recent growth in the rental-property platform and can support higher recurring operating income. Although reported margins have been volatile, sustained top-line expansion would improve the REIT’s ability to fund investment and preserve scale.
Liquidity And Debt Maturity Support
Substantial liquidity and a longer average mortgage maturity provide financial flexibility for capital needs, property investment, and refinancing management. This cushion can help the REIT absorb operating volatility while reducing dependence on immediate capital-market access.
Conservative FFO Payout
A payout ratio near half of FFO leaves meaningful cash retention within the business, supporting property improvements, debt management, and future acquisitions. This retained capacity can strengthen distribution resilience if operating conditions or financing costs remain challenging.
Bears Say
Meaningful Leverage And Modest Returns
Leverage of roughly 0.90 times equity increases exposure to financing costs and refinancing conditions, while modest ROE indicates limited efficiency in converting the asset base into shareholder returns. Together, these factors constrain financial flexibility and earnings quality.
Weakening Cash-flow Conversion
Declining free cash flow weakens the internally generated funding available for distributions, capital projects, and debt reduction. Operating cash flow below reported net income also suggests earnings are not converting into cash efficiently, an important concern for a cash-distribution REIT.
Lower FFO And Operating Pressure
Lower FFO directly reduces the recurring earnings base supporting distributions and reinvestment. The decline reflects weaker NOI, higher interest expense, and other costs, indicating that operating growth and financing conditions are currently offsetting rent gains.
Morguard NA REIT UN News
MNARF FAQ
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Morguard NA REIT UN Stock Smart Score
Company Description
Morguard NA REIT UN
This open-ended, unincorporated real estate investment trust (REIT) is organized and operates under the legal framework of the Province of Ontario, Canada. Its shares are listed and actively traded on the Toronto Stock Exchange (TSX) using the ticker symbol MRG.UN. The REIT's strategic objective is to acquire premium multi-suite residential properties across Canada and the United States, thereby enhancing long-term unitholder value through diligent asset and property management. As of October 27, 2020, its extensive portfolio included 13,275 residential units. These properties, located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland, were appraised at approximately $3.1 billion as of September 30, 2020.
- Sector
- Realestate
- Industry
- REIT - Residential
- CEO
- Angela Sahi
- Employees
- 0
- Website
- www.morguard.com
- Address
- 55 City Centre Drive, Mississauga, ON, L5B 1M3, CA
Morguard NA REIT UN (MNARF) Earnings & Revenues
MNARF Earnings Call
Earnings Call SentimentPositive
The call was broadly positive, supported by higher total assets, strong liquidity, a distribution increase, acquisition progress, rent growth, a conservative FFO payout ratio, and ongoing capital investment. These positives were offset by declines in NOI and FFO, lower occupancy in both Canada and the U.S., higher interest expense and debt metrics, seasonal leasing pressure, and pending approvals for the acquisition.
View all MNARF earnings summariesMNARF Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 11 | 5 | 6 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 8 | 0 | 4 |
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