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Last C$10.47 CAD
Change Today +0.09 / 0.87%
Volume 49.6K
MRG-U On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 3:59 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

morguard north american resi (MRG-U) Snapshot

Open
C$10.35
Previous Close
C$10.38
Day High
C$10.48
Day Low
C$10.35
52 Week High
08/18/14 - C$10.72
52 Week Low
12/15/14 - C$9.21
Market Cap
306.7M
Average Volume 10 Days
43.0K
EPS TTM
C$0.76
Shares Outstanding
29.3M
EX-Date
04/28/15
P/E TM
13.8x
Dividend
C$0.60
Dividend Yield
5.73%
Current Stock Chart for MORGUARD NORTH AMERICAN RESI (MRG-U)

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morguard north american resi (MRG-U) Details

A company description is not available for MRG-U:CN.

morguard north american resi (MRG-U) 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 (MRG-U) Key Developments

Morguard North American Residential Real Estate Investment Trust Declares Distribution for the Month of April 2015, Payable on May 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 April, 2015. The distribution will be payable on May 15, 2015 to unitholders of record as at April 30, 2015.

Morguard North American Residential Real Estate Investment Trust Declares Distribution for the Month of March 2015 Payable on April 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 March, 2015. The distribution will be payable on April 15, 2015 to unitholders of record as at March 31, 2015.

Morguard North American Residential Real Estate Investment Trust Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Morguard North American Residential Real Estate Investment Trust reported earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported FFO of $0.25 per unit ($0.22 per unit after excluding the one-time adjustment of $1.5 million for early debt extinguishments) compared to $0.21 per unit in the fourth quarter of 2013. For the year, the company reported revenue from income producing properties of $174,815,000 compared to $142,939,000 a year ago. Normalized net operating income was $90,217,000 compared to $73,460,000 a year ago. Net operating income was $90,217,000 compared to $78,846,000 a year ago. Diluted funds from operations were $47,516,000 or $0.94 per share compared to $36,889,000 or $0.77 per share a year ago. The increase is mainly due an increase in normalized NOI of $16.8 million and increase in other income of $0.8 million, partially offset by an increase in interest expense of $5.2 million and an increase in trust expenses of $2.3 million. Diluted adjusted funds from operations were $33,821,000 compared to $28,367,000 a year ago. The  increase is  mainly due  to an  increase in  FFO  of $10.1 million for the year ended December 31, 2014, partially offset by an increase in amortization of mark to market adjustments on mortgages of $2.2 million, the  gain  from  debt extinguishments of $1.5 million, an increase in maintenance capital expenditures of $0.8 million for the year as a result of the U.S. acquisitions completed in 2013 and a decrease in the amortization of deferred financing  costs  assumed  on  Initial  Properties  of  $0.6 million. Basic and diluted AFFO per unit was $0.67 compared to $0.58 a year ago. Maintenance capital expenditures were $5,722,000 compared to $4,898,000 a year ago.

 

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MRG-U

Industry Average

Valuation MRG-U Industry Range
Price/Earnings 13.1x
Price/Sales 2.6x
Price/Book 0.8x
Price/Cash Flow 7.6x
TEV/Sales NM Not Meaningful
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