TSX/MRG.UN (TSX/MRG.UN)

Toronto Stock Exchange: TSX/MRG.UN · CAD

CA$14.5

+0.02 (+0.1%)· Recorded snapshot

Market cap	507.3M
Revenue (ttm)	349.4M
Net income (ttm)	112.9M
Shares out	35M
P/E (trailing)	4.5x
P/E (forward)	10.2x
Dividend	CA$0.79 (5.44%)
Volume	14,015
Beta	0.93

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 349.4M
Net income (ttm): 112.9M
P/E (trailing): 4.5x
P/E (forward): 10.2x
Market cap: 507.3M

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/E10.2

P25 n/aP50 n/aP75 n/a

Trailing P/E4.5

P25 n/aP50 n/aP75 n/a

ROE5.8

P25 n/aP50 n/aP75 n/a

ROIC3.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

S&P 500+0.6%

Nasdaq Composite-2.3%

Dow Jones Industrial Average+1.9%

Russell 2000+1.8%

All TSX/MRG.UN indicators

Market & fundamental data

Available fields

202

Groups with data

Currency

CAD

Showing 202 of 202 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	CAD
Country	Canada
Country code	CA
Earnings date	2026-10-27
Employees	1,300
Enterprise value	CAD 2.6B
Exchange	Toronto Stock Exchange
Financial currency	CAD
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	2012
Industry	REIT - Residential
Is primary listing	Yes
ISIN number	CA61761E1007
Last earnings date	2026-10-27
Last refreshed	2026-10-29
Market cap	CAD 507.3M
Next earnings date	2027-02-09
Price	CAD 14.51
Price currency	CAD
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-29
Symbol	tsx/MRG.UN
Website	https://www.morguard.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	8.21x
Average P/E ratio (3Y)	5.47x
Average P/E ratio (5Y)	11.3x
Earnings yield	22.28%
EV/Earnings	22.98x
EV/EBIT	15.35x
EV/Sales	7.42x
FCF / EV yield	-0.09%
FCF yield	-0.47%
Forward P/E	10.15x
Industry forward P/E	15.16x
Industry P/E	7.55x
P/B ratio	0.23x
P/E ratio	4.49x
P/OCF ratio	8.39x
P/S ratio	1.45x
PEG ratio	4.06x
Price / tangible book value	0.24x
Sector forward P/E	14.25x
Sector P/E	45.99x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	46.76%
Effective tax rate	9.27%
Gross margin	53.05%
Operating margin	46.76%
Pretax margin	39.77%
Profit margin	32.3%
Profit per employee	CAD 86,813
Profitable quarters	8
Profitable years	15
Revenue per employee	CAD 268,802
ROA	2.18%
ROA (5Y)	2.37%
ROCE	3.62%
ROE	5.82%
ROE (5Y)	10.15%
ROIC	3.39%
ROIC (5Y)	3.54%
Tax / revenue	3.69%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth quarters	1
EPS growth years	0
Net income growth	-8.76%
Net income growth (Q)	211.48%
Net income growth (QoQ)	5.63%
Net income growth 5Y	-3.76%
Net income growth quarters	1
Net income growth years	1
OCF growth	-36.19%
OCF growth 10Y	2.22%
OCF growth 3Y	-9.17%
OCF growth 5Y	1.73%
Revenue growth	-3.83%
Revenue growth (Q)	-1.02%
Revenue growth (QoQ)	3.63%
Revenue growth 10Y	4.93%
Revenue growth 3Y	2.16%
Revenue growth 5Y	8.67%
Revenue growth quarters	1
Revenue growth years	4

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	CAD -72.4M
EBIT	CAD 163.4M
FCF per share	CAD -0.07
Financing cash flow	CAD 102.9M
Free cash flow	CAD -2.4M
Funds from operations (FFO)	CAD -70.2M
Gross profit	CAD 185.4M
Income taxes	CAD 12.9M
Investing cash flow	CAD -70.6M
Net cash flow	CAD 94.6M
Net income	CAD 112.9M
Operating income	CAD 163.4M
Revenue	CAD 349.4M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Debt / equity	0.96
Interest coverage	1.73
Net cash (debt)	CAD -2B
Net cash / market cap	-387.46%
Net debt / equity	0.88
Piotroski F-Score	4
Property, plant and equipment	CAD 4.5B
Shareholders' equity	CAD 2.2B
Tangible book value	CAD 2.1B
Total assets	CAD 4.8B
Total cash	CAD 172.1M
Total debt	CAD 2.1B
Total liabilities	CAD 2.5B
WACC	5.05%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.07
Current ratio	0.88
Net working capital	CAD -33.6M
Quick ratio	0.77
Working capital	CAD -28.2M

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Dividend growth	3.95%
Dividend growth (10Y)	2.79%
Dividend growth (3Y)	3.14%
Dividend growth (5Y)	2.46%
Dividend growth years	4
Dividend payment date	2026-11-16
Dividend payment years	15
Dividend payout frequency	Monthly
Dividend per share	CAD 0.79
Dividend yield	5.44%
Ex-dividend date	2026-10-30
Last dividend	CAD 0.07
Payout ratio	23.6%
Shareholder yield	5.48%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	14.26%
10Y return CAGR	5.78%
10Y total return	75.37%
150-day SMA	CAD 16.27
1D price change	0.14%
1M price change	-2.57%
1M total return	-2.13%
1W price change	0.56%
1W total return	0.56%
1Y price change	-18.85%
1Y return CAGR	-14.99%
1Y total return	-14.98%
20-day SMA	CAD 14.50
200-day SMA	CAD 16.73
3M price change	-13.39%
3M total return	-12.29%
3Y price change	6.11%
3Y return CAGR	6.75%
3Y total return	21.66%
50-day SMA	CAD 15.04
50-day SMA vs 200-day SMA	50under200
52-week high	CAD 19.05
52-week high date	2026-02-11
52-week low	CAD 14.31
52-week low date	2026-10-21
5Y price change	-20.73%
5Y return CAGR	-0.3%
5Y total return	-1.51%
6M price change	-17.51%
6M total return	-15.48%
All-time high	CAD 20.98
All-time high date	2020-02-25
All-time low	CAD 8.86
All-time low date	2013-09-17
Average true range (ATR)	CAD 0.22
Average volume	24.4K
Beta (1Y)	0.87
Beta (2Y)	0.73
Beta (5Y)	0.93
Change from 52-week high	-23.83%
Change from 52-week low	1.4%
Change from all-time high	-31.27%
Change from all-time low	62.75%
Change from open	-0.34%
Day's gap	0.48%
Dollar volume	CAD 203,358
High price	CAD 14.57
Low price	CAD 14.39
Monthly RSI	35.05
Open price	CAD 14.56
Position in 52-week range	66.67%
Previous close	CAD 14.49
Price vs 150-day SMA	-11.35%
Price vs 20-day SMA	-0.55%
Price vs 200-day SMA	-13.83%
Price vs 50-day SMA	-4.15%
Relative volume	0.57
RSI	42.65
Sharpe ratio	-1.3
Sharpe ratio (3Y)	0.22
Sharpe ratio (5Y)	-0.1
Sortino ratio	-1.36
Sortino ratio (3Y)	0.63
Sortino ratio (5Y)	0.14
Volume	14K
Weekly RSI	24.78
YTD price change	-16.98%
YTD total return	-14%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	25.2M
Shares held by insiders	4.08%
Shares held by institutions	3.67%
Shares outstanding	35M

Deeper analysis on TSX/MRG.UN

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this TSX/MRG.UN report

Is a complete TSX/MRG.UN research report available?

No complete published report is available for tsx/MRG.UN (TSX/MRG.UN) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

507.3M

Revenue (ttm)

349.4M

Net income (ttm)

112.9M

Shares out

35M

P/E (trailing)

4.5x

P/E (forward)

10.2x

Dividend

CA$0.79 (5.44%)

Volume

14,015

Beta

0.93

Metric

Value

Amount currency

CAD

Country

Canada

Country code

Earnings date

2026-10-27

Employees

1,300

Enterprise value

CAD 2.6B

Exchange

Toronto Stock Exchange

Financial currency

CAD

Financial report date

2026-09-30

First seen

2026-05-10

Fiscal year end

December

Founded

2012

Industry

REIT - Residential

Is primary listing

Yes

ISIN number

CA61761E1007

Last earnings date

2026-10-27

Last refreshed

2026-10-29

Market cap

CAD 507.3M

Next earnings date

2027-02-09

Price

CAD 14.51

Price currency

CAD

Sector

Real Estate

SIC code

6798

Stock price date

2026-10-29

Symbol

tsx/MRG.UN

Website

https://www.morguard.com

Metric

Value

Average P/E ratio (10Y)

8.21x

Average P/E ratio (3Y)

5.47x

Average P/E ratio (5Y)

11.3x

Earnings yield

22.28%

EV/Earnings

22.98x

EV/EBIT

15.35x

EV/Sales

7.42x

FCF / EV yield

-0.09%

FCF yield

-0.47%

Forward P/E

10.15x

Industry forward P/E

15.16x

Industry P/E

7.55x

P/B ratio

0.23x

P/E ratio

4.49x

P/OCF ratio

8.39x

P/S ratio

1.45x

PEG ratio

4.06x

Price / tangible book value

0.24x

Sector forward P/E

14.25x

Sector P/E

45.99x

Metric

Value

EBIT margin

46.76%

Effective tax rate

9.27%

Gross margin

53.05%

Operating margin

46.76%

Pretax margin

39.77%

Profit margin

32.3%

Profit per employee

CAD 86,813

Profitable quarters

Profitable years

Revenue per employee

CAD 268,802

ROA

2.18%

ROA (5Y)

2.37%

ROCE

3.62%

ROE

5.82%

ROE (5Y)

10.15%

ROIC

3.39%

ROIC (5Y)

3.54%

Tax / revenue

3.69%

Metric

Value

EPS growth quarters

EPS growth years

Net income growth

-8.76%

Net income growth (Q)

211.48%

Net income growth (QoQ)

5.63%

Net income growth 5Y

-3.76%

Net income growth quarters

Net income growth years

OCF growth

-36.19%

OCF growth 10Y

2.22%

OCF growth 3Y

-9.17%

OCF growth 5Y

1.73%

Revenue growth

-3.83%

Revenue growth (Q)

-1.02%

Revenue growth (QoQ)

3.63%

Revenue growth 10Y

4.93%

Revenue growth 3Y

2.16%

Revenue growth 5Y

8.67%

Revenue growth quarters

Revenue growth years

Metric

Value

Capital expenditures

CAD -72.4M

EBIT

CAD 163.4M

FCF per share

CAD -0.07

Financing cash flow

CAD 102.9M

Free cash flow

CAD -2.4M

Funds from operations (FFO)

CAD -70.2M

Gross profit

CAD 185.4M

Income taxes

CAD 12.9M

Investing cash flow

CAD -70.6M

Net cash flow

CAD 94.6M

Net income

CAD 112.9M

Operating income

CAD 163.4M

Revenue

CAD 349.4M

Metric

Value

Debt / equity

0.96

Interest coverage

1.73

Net cash (debt)

CAD -2B

Net cash / market cap

-387.46%

Net debt / equity

0.88

Piotroski F-Score

Property, plant and equipment

CAD 4.5B

Shareholders' equity

CAD 2.2B

Tangible book value

CAD 2.1B

Total assets

CAD 4.8B

Total cash

CAD 172.1M

Total debt

CAD 2.1B

Total liabilities

CAD 2.5B

WACC

5.05%

Metric

Value

Asset turnover

0.07

Current ratio

0.88

Net working capital

CAD -33.6M

Quick ratio

0.77

Working capital

CAD -28.2M

Metric

Value

Dividend growth

3.95%

Dividend growth (10Y)

2.79%

Dividend growth (3Y)

3.14%

Dividend growth (5Y)

2.46%

Dividend growth years

Dividend payment date

2026-11-16

Dividend payment years

Dividend payout frequency

Monthly

Dividend per share

CAD 0.79

Dividend yield

5.44%

Ex-dividend date

2026-10-30

Last dividend

CAD 0.07

Payout ratio

23.6%

Shareholder yield

5.48%

Metric

Value

10Y price change

14.26%

10Y return CAGR

5.78%

10Y total return

75.37%

150-day SMA

CAD 16.27

1D price change

0.14%

1M price change

-2.57%

1M total return

-2.13%

1W price change

0.56%

1W total return

0.56%

1Y price change

-18.85%

1Y return CAGR

-14.99%

1Y total return

-14.98%

20-day SMA

CAD 14.50

200-day SMA

CAD 16.73

3M price change

-13.39%

3M total return

-12.29%

3Y price change

6.11%

3Y return CAGR

6.75%

3Y total return

21.66%

50-day SMA

CAD 15.04

50-day SMA vs 200-day SMA

50under200

52-week high

CAD 19.05

52-week high date

2026-02-11

52-week low

CAD 14.31

52-week low date

2026-10-21

5Y price change

-20.73%

5Y return CAGR

-0.3%

5Y total return

-1.51%

6M price change

-17.51%

6M total return

-15.48%

All-time high

CAD 20.98

All-time high date

2020-02-25

All-time low

CAD 8.86

All-time low date

2013-09-17

Average true range (ATR)

CAD 0.22

Average volume

24.4K

Beta (1Y)

0.87

Beta (2Y)

0.73

Beta (5Y)

0.93

Change from 52-week high

-23.83%

Change from 52-week low

1.4%

Change from all-time high

-31.27%

Change from all-time low

62.75%

Change from open

-0.34%

Day's gap

0.48%

Dollar volume

CAD 203,358

High price

CAD 14.57

Low price

CAD 14.39

Monthly RSI

35.05

Open price

CAD 14.56

Position in 52-week range

66.67%

Previous close

CAD 14.49

Price vs 150-day SMA

-11.35%

Price vs 20-day SMA

-0.55%

Price vs 200-day SMA

-13.83%

Price vs 50-day SMA

-4.15%

Relative volume

0.57

RSI

42.65

Sharpe ratio

-1.3

Sharpe ratio (3Y)

0.22

Sharpe ratio (5Y)

-0.1

Sortino ratio

-1.36

Sortino ratio (3Y)

0.63

Sortino ratio (5Y)

0.14

Volume

14K

Weekly RSI

24.78

YTD price change

-16.98%

YTD total return

-14%

Metric

Value

Float

25.2M

Shares held by insiders

4.08%

Shares held by institutions

3.67%

Shares outstanding

35M

TSX/MRG.UN (TSX/MRG.UN)

Price

Financial snapshot

Fair-value bridge

Latest news · TSX/MRG.UN

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TSX/MRG.UN indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TSX/MRG.UN

Frequently asked questions

TSX/MRG.UN (TSX/MRG.UN)

Price

Financial snapshot

Fair-value bridge

Latest news · TSX/MRG.UN

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TSX/MRG.UN indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TSX/MRG.UN

Frequently asked questions