Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Releases Quarterly Earnings Results

Posted by Renee Jackson on Jul 30th, 2026

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) released its quarterly earnings data on Tuesday. The company reported C$0.66 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$87.21 million during the quarter. Morguard North American Residential Real Estate Investment Trust had a net margin of 40.48% and a return on equity of 6.98%.

Morguard North American Residential Real Estate Investment Trust Stock Down 2.8%

Shares of TSE MRG.UN opened at C$16.19 on Thursday. The company has a 50 day simple moving average of C$16.87 and a 200 day simple moving average of C$17.42. The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09. Morguard North American Residential Real Estate Investment Trust has a 1 year low of C$16.01 and a 1 year high of C$19.20. The firm has a market cap of C$844.60 million, a PE ratio of 9.96 and a beta of 0.97.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank Of Canada cut their target price on shares of Morguard North American Residential Real Estate Investment Trust from C$21.00 to C$20.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 30th. TD cut their price objective on Morguard North American Residential Real Estate Investment Trust from C$24.00 to C$23.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$22.25.

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About Morguard North American Residential Real Estate Investment Trust

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Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.