Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last C$154.52 CAD
Change Today +0.01 / 0.01%
Volume 2.8K
As of 3:07 PM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

morguard corp (MRC) Snapshot

Open
C$155.48
Previous Close
C$154.51
Day High
C$155.50
Day Low
C$154.52
52 Week High
03/4/15 - C$159.99
52 Week Low
04/30/14 - C$131.01
Market Cap
1.9B
Average Volume 10 Days
5.6K
EPS TTM
C$9.65
Shares Outstanding
12.5M
EX-Date
03/12/15
P/E TM
16.0x
Dividend
C$0.60
Dividend Yield
0.39%
Current Stock Chart for MORGUARD CORP (MRC)

Related News

No related news articles were found.

morguard corp (MRC) Related Businessweek News

No Related Businessweek News Found

morguard corp (MRC) Details

Morguard Corporation, a real estate investment company, acquires, owns, and develops real estate properties in Canada and the United States. As of March 6, 2015, the company owned a portfolio of 170 multi-unit residential, retail, office, hotel, and industrial properties, which consists of 16,423 multi-unit residential suites; approximately 16.5 million square feet of commercial leasable space; and 1,056 hotel rooms. It also offers real estate management services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management for institutional investors; and portfolio management services in real estate equities and income producing investments. The company is headquartered in Mississauga, Canada.

morguard corp (MRC) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: C$2.6M
Chief Financial Officer
Total Annual Compensation: C$345.6K
Executive Vice President of Retail Asset Mana...
Total Annual Compensation: C$471.9K
Executive Vice President of Office & Industri...
Total Annual Compensation: C$376.3K
Compensation as of Fiscal Year 2014.

morguard corp (MRC) Key Developments

Morguard Corp. Announces Consolidated Audited Earnings Results for the Year Ended December 31, 2014

Morguard Corp. announced consolidated audited earnings results for the year ended December 31, 2014. For the year, the company reported total Revenues were CAD 566.326 million compared to CAD 516.882 million in 2013. Net operating income was CAD 241.193 million compared to CAD 201.496 million in 2013. Consolidated funds from operations were CAD 174.988 million or CAD 13.98 per basic and diluted share compared to CAD 169.782 million or CAD 13.39 per basic and diluted share in 2013. Net income attributable to common shareholders was CAD 136.703 million or CAD 10.92 per basic and diluted share compared to CAD 286.392 million or CAD 22.58 per basic and diluted share in 2013. The decrease in net income of CAD 149.7 million for the year ended December 31, 2014, was primarily due to a decrease in equity income from investments of CAD 43.4 million, a decrease in other income of CAD 20.9 million, a decrease in net fair value gains of CAD 82.9 million, a loss on business combination of CAD 16.3 million, an increase in interest expense of CAD 12.1 million and an increase in income taxes of CAD 10.0 million. Normalized NOI, increased by CAD 26.8 million to CAD 249.4 million compared to CAD 222.6 million in 2013. The increase was predominantly the result of the acquisition of 12 U.S. multi-unit residential properties in 2013 of CAD 11.8 million, lease cancellation fees of CAD 5.0 million, two acquisitions completed in Canada during 2013 of CAD 4.8 million, the completion of the Performance Court development project in 2014 of CAD 1.5 million and an industrial development project completed in 2013 of CAD 1.3 million. The increase in Consolidated FFO of CAD 5.2 million is mainly due to an increase in net operating income excluding the impact of IFRIC 21 of CAD 43.7 million, an increase in interest and other income of CAD 2.9 million, an increase in Morguard REIT's equity-accounted FFO of CAD 3.7 million and a decrease in current taxes of CAD 0.9 million.

Morguard Corporation Declares Dividend, Payable on March 31, 2015

Morguard Corporation declared dividend of $0.15 per share, payable on March 31, 2015 with record date of March 16, 2015.

Morguard Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Declares Fourth Quarter Dividend, Payable on December 31, 2014

Morguard Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of CAD 142,682,000 against CAD 135,854,000 a year ago. Net operating income was CAD 63,979,000 against CAD 59,689,000 a year ago. Normalized net operating income was CAD 61,486,000 against CAD 57,677,000 a year ago. Funds from operations (FFO) were CAD 48,356,000 or CAD 3.87 per basic and diluted share against CAD 52,247,000 or CAD 4.13 per basic and diluted share a year ago. Normalized funds from operations were CAD 135,555,000 or CAD 10.81 per basic and diluted share against CAD 127,088,000 or CAD 9.99 per basic and diluted share a year ago. Net income attributable to common shareholders was CAD 61,109,000 or CAD 4.90 per basic and diluted share against CAD 68,168,000 or CAD 5.38 per basic and diluted share a year ago. The decrease in consolidated FFO of CAD 3,891, which reflects a 7.5% decrease, is mainly due to an increase in interest expense of CAD 1,600, an increase in property management and corporate expenses of CAD 1,369, a decrease in net profit from sale of product and land of CAD 634, a decrease in other income of CAD 1,199 (net of foreign exchange gain) and an increase in current taxes of CAD 6,825. The decrease in net income was primarily due to a decrease in fair value gains of CAD 6,542, a decrease in equity income from investments of CAD 5,409, an increase in interest expense of CAD 1,600, an increase in property management and corporate expenses of CAD 1,369, and a decrease in net profit from sale of product and land of CAD 634. For the nine months, the company reported total revenues of CAD 419,746,000 against CAD 376,761,000 a year ago. Net operating income was CAD 174,482,000 against CAD 138,007,000 a year ago. Normalized net operating income was CAD 185,287,000 against CAD 161,070,000 a year ago. Funds from operations (FFO) were CAD 126,194,000 or CAD 10.11 per basic and diluted share against CAD 126,368,000 or CAD 9.94 per basic and diluted share a year ago. Normalized funds from operations were CAD 135,555,000 or CAD 10.81 per basic and diluted share against CAD 127,088,000 or CAD 9.99 per basic and diluted share a year ago. Net income attributable to common shareholders was CAD 119,880,000 or CAD 9.56 per basic and diluted share against CAD 190,715,000 or CAD 15.00 per basic and diluted share a year ago. The board of directors of company announced that the fourth quarterly, eligible dividend of 2014 in the amount of CAD 0.15 per common share will be paid on December 31, 2014 to shareholders of record at the close of business on December 15, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MRC:CN C$154.52 CAD +0.01

MRC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for MRC.
View Industry Companies
 

Industry Analysis

MRC

Industry Average

Valuation MRC Industry Range
Price/Earnings 13.5x
Price/Sales 3.0x
Price/Book 0.7x
Price/Cash Flow 12.7x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MORGUARD CORP, please visit www.morguard.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.