Morguard North American Residential Real Estate Investment Trust (MNARF)
Morguard North American Residential Real Estate Investment Trust operates in the REIT - Residential industry of the Real Estate sector, headquartered in Mississauga, ON, CA. The stock last traded at $12.18, up 0.00% on the session, giving a market capitalisation of $425.5M. On trailing twelve-month figures it carries a trailing P/E of 8.86, a net margin of 27.5%. Its beta of 0.86 implies it has historically moved less than the broad market.
Morguard North American Residential Real Estate Investment Trust (MRG.UN) operates as an unincorporated, open-ended investment trust, subject to the laws of the Province of Ontario. Its units are publicly traded on the Toronto Stock Exchange under the ticker symbol MRG.UN. The REIT's core strategy involves maximizing the long-term value of its units by actively acquiring and managing premium multi-suite residential properties located throughout Canada and the United States. As of October 27, 2020, its extensive portfolio consisted of 13,275 residential suites. These properties are situated in Canadian provinces like Alberta and Ontario, as well as several U.S. states including Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland. The portfolio's independently assessed value stood at approximately $3.1 billion as of September 30, 2020.
Morguard North American Residential Real Estate Investment Trust is most often compared with the following Real Estate names: