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Morguard (OTC)
(TSX:MRC)
Morguard (OTC) (MRC) vs. S&P 500 (SPY)
Morguard (OTC) Business Overview & Revenue Model
Morguard (OTC) Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.11B | 1.23B | 1.12B | 1.02B | 1.03B | Gross Profit |
| 518.72M | 634.03M | 500.36M | 533.30M | 533.32M | EBIT |
| 0.00 | 1.23B | 508.53M | 394.73M | 490.97M | EBITDA |
| 557.29M | 362.60M | 535.04M | 427.23M | -51.99M | Net Income Common Stockholders |
| 261.80M | 74.18M | 122.77M | 249.76M | -250.05M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 140.72M | 116.52M | 111.81M | 173.66M | 142.09M | Total Assets |
| 11.76B | 11.62B | 11.71B | 11.49B | 11.05B | Total Debt |
| 5.44B | 5.81B | 5.80B | 5.80B | 5.83B | Net Debt |
| 5.30B | 5.69B | 5.69B | 5.63B | 5.68B | Total Liabilities |
| 7.04B | 7.28B | 7.32B | 7.32B | 7.14B | Stockholders Equity |
| 4.29B | 3.89B | 3.87B | 3.63B | 3.37B |
| Cash Flow | Free Cash Flow | |||
| 260.21M | 288.52M | 251.19M | 264.77M | 209.80M | Operating Cash Flow |
| 263.49M | 297.89M | 252.85M | 265.44M | 211.94M | Investing Cash Flow |
| 371.39M | -332.16M | -84.51M | -125.62M | -68.09M | Financing Cash Flow |
| -613.37M | 37.65M | -234.49M | -106.63M | -122.85M |
Morguard (OTC) Technical Analysis
Morguard (OTC) Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$4.33B | 19.06 | 4.75% | 7.25% | 10.06% | -19.26% | |
75 Outperform | C$3.64B | 17.81 | 5.40% | 5.06% | 3.11% | ― | |
70 Outperform | $5.06B | 19.67 | 3.61% | 6.53% | 13.66% | 426.86% | |
70 Outperform | C$6.88B | 24.48 | 1.29% | 3.51% | 4.45% | ― | |
68 Neutral | $1.22B | 4.72 | 4.49% | 0.67% | -7.03% | -20.10% | |
63 Neutral | $728.18M | ― | -1.80% | 8.41% | -10.56% | 81.41% | |
60 Neutral | $2.80B | 11.09 | 0.20% | 8508.36% | 6.13% | -16.84% |
Morguard (OTC) Corporate Events
Morguard Corporation announced the results of its 2025 Annual Meeting of Shareholders, where all nine nominees for the board of directors were elected, and Ernst & Young LLP was appointed as the auditor. The meeting saw high shareholder participation, with 89.35% of outstanding common shares represented. These decisions are expected to maintain stability in Morguard’s governance and financial oversight, reinforcing its position in the real estate industry.
Spark’s Take on TSE:MRC Stock
According to Spark, TipRanks’ AI Analyst, TSE:MRC is a Outperform.
Morguard’s overall stock score of 70 reflects a solid financial foundation with strong profitability improvements and effective debt management. The attractive valuation based on a low P/E ratio suggests potential upside. However, technical analysis indicates a lack of strong momentum, and revenue growth challenges need addressing. Recent corporate events positively impact the company’s strategic direction and market position.
To see Spark’s full report on TSE:MRC stock, click here.
Morguard Corporation reported its financial results for the first quarter of 2025, highlighting a strong liquidity position with $278 million in cash and credit facilities, and a $1.1 billion pool of unencumbered properties. The company saw a modest increase in total revenue to $282.2 million, driven by higher revenues from real estate properties, despite a decrease in hotel property revenue following the sale of 14 hotels in 2024. Net income decreased significantly to $54.8 million, primarily due to the absence of gains from the previous year’s hotel sales, although there was an increase in non-cash net fair value gains. The company also acquired the remaining 40% of Lincluden Investment Management Limited. DBRS Limited upgraded Morguard’s rating trend to Positive, reflecting a stable outlook for the company’s financial health.
Spark’s Take on TSE:MRC Stock
According to Spark, TipRanks’ AI Analyst, TSE:MRC is a Outperform.
Morguard’s overall stock score of 73 is driven by strong financial performance and attractive valuation. The company’s strategic portfolio adjustments and debt management further support this positive outlook. However, technical analysis indicates mixed momentum, and revenue growth challenges remain a concern.
To see Spark’s full report on TSE:MRC stock, click here.
Morguard Corporation has increased its ownership in Morguard Real Estate Investment Trust by acquiring 1,307,418 trust units, raising its stake from 80.72% to 82.30%. This strategic move, executed through the Toronto Stock Exchange and the REIT’s distribution reinvestment plan, underscores Morguard’s commitment to enhancing its investment portfolio. The acquisition, valued at approximately $7.25 million, is part of Morguard’s broader investment strategy, potentially impacting its market position and offering implications for stakeholders in terms of ownership concentration and future investment activities.
Morguard Corporation announced a positive financial performance for 2024, highlighted by strong liquidity and significant debt reduction following the sale of a hotel portfolio. The company reported a notable increase in net income due to these sales and managed to refinance mortgages at favorable rates. However, revenue from hotel properties declined sharply due to the disposition, impacting overall revenue growth. Morguard also launched a new rental community project in Mississauga, indicating continued investment in residential property development.