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Last $7.80 USD
Change Today 0.00 / 0.00%
Volume 0.0
MNARF On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 8:10 PM 08/6/15 All times are local (Market data is delayed by at least 15 minutes).

morguard north american resi (MNARF) Snapshot

Open
$7.80
Previous Close
$7.80
Day High
$7.80
Day Low
$7.80
52 Week High
11/3/14 - $9.10
52 Week Low
07/30/15 - $7.69
Market Cap
228.4M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
29.3M
EX-Date
08/27/15
P/E TM
--
Dividend
$0.60
Dividend Yield
6.36%
Current Stock Chart for MORGUARD NORTH AMERICAN RESI (MNARF)

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morguard north american resi (MNARF) Details

A company description is not available for MNARF:US.

morguard north american resi (MNARF) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: C$528.9K
Chief Financial Officer
Total Annual Compensation: --
Vice President
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

morguard north american resi (MNARF) Key Developments

Morguard North American Residential Real Estate Investment Trust Declares Distribution for the Month of August 2015, Payable on September 15, 2015

Morguard North American Residential Real Estate Investment Trust announced that it has declared a distribution of 5 cents per unit for the month of August, 2015. The distribution will be payable on September 15, 2015 to unit holders of record as at August 31, 2015.

Morguard North American Residential REIT Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2015

Morguard North American Residential REIT announced its financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue from income producing properties (IPP) was CAD 47,530,000 against CAD 43,090,000 a year ago. Adjusted net operating income was CAD 25,396,000 against CAD 22,895,000 a year ago. Net operating income was CAD 28,730,000 against CAD 25,662,000 a year ago. Funds from Operations (FFO) - diluted were CAD 13,508,000 or CAD 0.27 per share against CAD 12,180,000 or CAD 0.24 per share a year ago. Adjusted Funds from Operations (AFFO) - diluted was CAD 10,623,000 or CAD 0.21 per basic and diluted share against CAD 9,098,000 or CAD 0.18 per basic and diluted share a year ago. Adjusted net operating income increased by CAD 2.5 million, or 10.9%. The increase was mainly due to higher rental revenue due to rental increases in Canada and U.S. of CAD 0.3 million and CAD 0.6 million, respectively, and the change in the U.S. foreign exchange rate which increased Adjusted NOI by CAD 1.8 million. Net income for the period attributable to the unit holders was CAD 31,627,000 against CAD 2,424,000 a year ago. The increase in FFO is mainly due to an increase in Adjusted NOI of CAD 2.5 million, partially offset by an increase in interest expense of CAD 0.9 million, and an increase in trust expenses of CAD 0.3 million. The change in foreign exchange rates had a positive impact on FFO of CAD 1.0 million. The increase in AFFO is mainly due to an increase in FFO of CAD 1.3 million for the three months ended June 30, 2015 and the decrease in amortization of mark to market adjustments on mortgages of CAD 0.3 million. For the six months, revenue from income producing properties (IPP) was CAD 95,217,000 against CAD 85,851,000 a year ago. Adjusted net operating income was CAD 50,257,000 against CAD 45,027,000 a year ago. Net operating income was CAD 43,727,000 against CAD 39,424,000 a year ago. Funds from Operations (FFO) - diluted were CAD 26,444,000 or CAD 0.52 per share against CAD 23,610,000 or CAD 0.47 per share a year ago. Adjusted Funds from Operations (AFFO) - diluted was CAD 20,580,000 or CAD 0.41 per basic and diluted share against CAD 17,378,000 or CAD 0.34 per basic and diluted share a year ago. The increase in adjusted net operating income was due to higher rental revenue due to rental increases in Canada and U.S. of CAD 0.5 million and CAD CAD 1.7 million, respectively, and the change in the U.S. foreign exchange rate, which increased Adjusted NOI by CAD 3.6 million. Net income for the period attributable to the unit holders was CAD 21,488,000 against CAD 11,536,000 a year ago. The increase in FFO is mainly due to an increase in Adjusted NOI of CAD 5.2 million, partially offset by an increase in interest expense of CAD 1.6 million, and an increase in trust expenses of CAD 0.8 million. The change in foreign exchange rates had a positive impact on FFO of CAD 2.1 million. The increase in AFFO is mainly due to an increase in FFO of CAD 2.8 million for the six months ended June 30, 2015 and the decrease in amortization of mark to market adjustments on mortgages of CAD 0.6 million.

Morguard North American Residential Real Estate Investment Trust Declares Distribution for the Month of July 2015, Payable on August 14, 2015

Morguard North American Residential Real Estate Investment Trust announced that it has declared a distribution of 5 cents per unit for the month of July 2015. The distribution will be payable on August 14, 2015 to unitholders of record as at July 31, 2015.

 

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Industry Average

Valuation MNARF Industry Range
Price/Earnings 10.0x
Price/Sales 2.4x
Price/Book 0.7x
Price/Cash Flow 5.8x
TEV/Sales NM Not Meaningful
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