Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO)
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 $16.31, up 0.06% on the session, giving a market capitalisation of $570.0M. Its beta of 0.93 implies it has historically moved less than the broad market.
This open-ended, unincorporated real estate investment trust (REIT) is organized and operates under the legal framework of the Province of Ontario, Canada. Its shares are listed and actively traded on the Toronto Stock Exchange (TSX) using the ticker symbol MRG.UN. The REIT's strategic objective is to acquire premium multi-suite residential properties across Canada and the United States, thereby enhancing long-term unitholder value through diligent asset and property management. As of October 27, 2020, its extensive portfolio included 13,275 residential units. These properties, located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia, and Maryland, were appraised 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: