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TSX

Morguard North American Residential Real Estate Investment Trust

MRG-UN.TOReal EstateREIT - Residential
Current Price
$18.68
Today's Change
+0.38%
Market Cap
$652.56M
Volume
21.89K

💡 Quick Take

undefined (MRG-UN.TO) is a residential real estate investment trust based in Ontario. The company shows strong financial health with a low FFO payout ratio of 23.8% and a solid distribution yield of 4.11%, indicating good cash flow management. However, the Price/FFO ratio of 5.79x suggests potential undervaluation despite a decent revenue growth of 3.0% year-over-year. The net margin of 31.4% is impressive, but investors should monitor market conditions that could impact residential demand. Overall, MRG-UN.TO presents a balanced opportunity with strengths in cash flow and concerns regarding valuation.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$19.20
52 Week Low$14.88
Avg Volume33.42K
Beta0.93
Shares Outstanding34.93M

🔥 Valuation

Market Cap$652.56M
FFO/Share$3.22
Price/FFO5.79x
Distribution Yield4.11%
Property TypeResidential

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🚩 Red Flags

No significant red flags identified

This company appears financially healthy on available metrics

🌟 Opportunities

💪

Positive FFO indicates healthy cash generation from property operations.

🚀

FFO payout ratio of 23.8% provides comfortable cushion for distribution growth and reinvestment.

💪

Attractive distribution yield of 4.11% offers compelling income opportunity for investors.

🚀

Conservative debt-to-assets ratio of 37.5% provides financial flexibility for acquisitions and growth.

💪

Positive net income demonstrates strong operational performance beyond FFO metrics.

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