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How does MRT-UN.TO make money? Does MRT-UN.TO have pricing power? What's the Earnings Whisper? Will MRT-UN.TO profit more as the business scales? What is MRT-UN.TO's management track record? Is MRT-UN.TO's current price justified?

Morguard Real Estate Investment Trust

CAD 7.03 +$0.68 (+10.71%)

TSX · 14 Sep 2026 19:59 UTC

Previous Close

CAD 7.02

Day Range

CAD 7CAD 7.04

Year Range

CAD 5.65CAD 7.37

Market Cap

469.43M

AVG Volume

17.58K

Trailing/Forward PE

99.01/8.68

PEG ratio

1.78

Dividend Yield

3.41%

Next Earnings Date

2026-10-28

Primary Exchange

Toronto Stock Exchange

Revenue (CAD)

MRT-UN.TO Revenue (CAD) by quarter
Period	Revenue (CAD)
26 Q2	58.63M
26 Q1	60.05M
25 Q4	63M
25 Q3	57.69M
25 Q2	58.3M
25 Q1	60.35M
24 Q4	67.44M
24 Q3	63.29M
24 Q2	64.05M
24 Q1	64.4M

Net Income (CAD)

MRT-UN.TO Net Income (CAD) by quarter
Period	Net Income (CAD)
26 Q2	1.99M
26 Q1	6.04M
25 Q4	-7.86M
25 Q3	4.66M
25 Q2	-1.7M
25 Q1	-11.66M
24 Q4	-35.39M
24 Q3	15.57M
24 Q2	-2.23M
24 Q1	-36.77M

Operating Income (CAD)

MRT-UN.TO Operating Income (CAD) by quarter
Period	Operating Income (CAD)
26 Q2	26.02M
26 Q1	24.62M
25 Q4	28.2M
25 Q3	30.24M
25 Q2	24.68M
25 Q1	24.72M
24 Q4	32.53M
24 Q3	31.31M
24 Q2	30.91M
24 Q1	29.88M

EBITDA (CAD)

MRT-UN.TO EBITDA (CAD) by quarter
Period	EBITDA (CAD)
26 Q2	17.76M
26 Q1	21.07M
25 Q4	-3.1M
25 Q3	30.26M
25 Q2	13.67M
25 Q1	3.73M
24 Q4	-19.59M
24 Q3	31.83M
24 Q2	30.91M
24 Q1	30.57M

Cash Flows (CAD)

MRT-UN.TO Cash Flows (CAD) by quarter
Period	Cash Flows (CAD)
26 Q2	1.43M
26 Q1	-2.31M
25 Q4	6.93M
25 Q3	23.61M
25 Q2	-9.21M
25 Q1	-4.96M
24 Q4	7.96M
24 Q3	21.02M
24 Q2	-4.14M
24 Q1	-2.52M

EPS (CAD)

MRT-UN.TO EPS (CAD) by quarter
Period	EPS (CAD)
26 Q2	0.03
26 Q1	0.09
25 Q4	-0.12
25 Q3	0.07
25 Q2	-0.03
25 Q1	-0.18
24 Q4	-0.55
24 Q3	0.19
24 Q2	-0.03
24 Q1	-0.57

Expenses (CAD)

MRT-UN.TO Expenses (CAD) by quarter
Period	Expenses (CAD)
26 Q2	7.58M
26 Q1	8.23M
25 Q4	8.86M
25 Q3	0
25 Q2	10.07M
25 Q1	7.88M
24 Q4	13.17M
24 Q3	11.07M
24 Q2	12.02M
24 Q1	9.7M

Cash & Debt (CAD)

MRT-UN.TO Cash & Debt (CAD) by quarter
Period	Cash & Debt (CAD)
26 Q2	8.25M
26 Q1	8.4M
25 Q4	7.08M
25 Q3	7.43M
25 Q2	6.51M
25 Q1	7.43M
24 Q4	7.9M
24 Q3	7.53M
24 Q2	7.2M
24 Q1	6.26M

Debt ratios

MRT-UN.TO Debt ratios by quarter
Period	Debt ratios
26 Q2	18.79
26 Q1	19.91
25 Q4	27.57
25 Q3	43.95
25 Q2	41.95
25 Q1	26.29
24 Q4	16.62
24 Q3	9.75
24 Q2	9.97
24 Q1	10.45

Margins

MRT-UN.TO Margins by quarter
Period	Margins
26 Q2	46.1%
26 Q1	42.52%
25 Q4	46.26%
25 Q3	54.16%
25 Q2	44.01%
25 Q1	42.49%
24 Q4	49.58%
24 Q3	50.85%
24 Q2	49.7%
24 Q1	47.99%

Return on Capital

MRT-UN.TO Return on Capital by quarter
Period	Return on Capital
26 Q2	0.23%
26 Q1	0.69%
25 Q4	-0.91%
25 Q3	0.54%
25 Q2	-0.2%
25 Q1	-1.34%
24 Q4	-4%
24 Q3	1.69%
24 Q2	-0.24%
24 Q1	-3.99%

Shares Outstanding

MRT-UN.TO Shares Outstanding by quarter
Period	Shares Outstanding
26 Q2	67.03M
26 Q1	66.55M
25 Q4	65.99M
25 Q3	65.42M
25 Q2	64.88M
25 Q1	64.4M
24 Q4	64.28M
24 Q3	64.28M
24 Q2	64.28M
24 Q1	64.27M

Dividends (CAD)

MRT-UN.TO Dividends (CAD) by quarter
Period	Dividends (CAD)
Aug 26	0.02
Jul 26	0.02
Jun 26	0.02
May 26	0.02
Apr 26	0.02
Mar 26	0.02
Feb 26	0.02
Jan 26	0.02
Dec 25	0.02
Nov 25	0.02

Book Value Per Share (CAD)

MRT-UN.TO Book Value Per Share (CAD) by quarter
Period	Book Value Per Share (CAD)
26 Q2	12.99
26 Q1	13.06
25 Q4	13.1
25 Q3	13.32
25 Q2	13.37
25 Q1	13.5
24 Q4	13.76
24 Q3	14.36
24 Q2	14.23
24 Q1	14.32

Total Assets (CAD)

MRT-UN.TO Total Assets (CAD) by quarter
Period	Total Assets (CAD)
26 Q2	2.18B
26 Q1	2.17B
25 Q4	2.16B
25 Q3	2.18B
25 Q2	2.18B
25 Q1	2.17B
24 Q4	2.17B
24 Q3	2.22B
24 Q2	2.21B
24 Q1	2.25B

PE Ratio

MRT-UN.TO PE Ratio by quarter
Period	PE Ratio
Sep 26	409.82
Sep 26	408.65
Aug 26	410.99
Aug 26	409.82
Aug 26	420.33
Aug 26	408.65
Jul 26	397.56
Jul 26	408.07
Jul 26	405.73
Jul 26	410.4
Jul 26	412.74
Dec 22	6.87
Dec 22	6.84
Dec 22	6.87
Dec 22	6.96
Nov 22	6.91
Nov 22	6.88
Nov 22	6.9
Nov 22	6.88
Oct 22	6.87
Oct 22	6.92
Oct 22	6.87
Oct 22	6.9
Sep 22	6.9
Sep 22	11.83
Sep 22	11.83
Sep 22	11.86
Sep 22	11.83
Aug 22	11.86
Aug 22	11.86
Aug 22	12
Aug 22	11.86
Jul 22	11.86
Jul 22	11.9
Jul 22	11.81
Jul 22	11.86
Jun 22	12.05
Jun 22	67.89
Jun 22	67.62
Jun 22	67.89
Jun 22	69.33
May 22	69.59
May 22	67.62
May 22	70.12
May 22	69.59
Apr 22	73.53
Apr 22	77.47
Apr 22	71.96
Apr 22	71.17
Apr 22	70.64
Jun 20	20.92
Jun 20	21.53
Jun 20	22.47
Jun 20	24.14
May 20	20.72
May 20	20.39
May 20	18.39
May 20	20.76
May 20	21.12
Apr 20	22.75
Apr 20	23.24
Apr 20	21.73
Apr 20	17.58
Mar 20	12.54
Mar 20	12.02
Mar 20	20.94
Mar 20	28.02
Feb 20	27.09
Feb 20	30.1
Feb 20	29.64
Feb 20	29.76
Jan 20	30.02
Jan 20	30.07
Jan 20	28.19
Jan 20	28.04
Jan 20	28.09
Dec 19	28.62
Dec 19	28.45
Dec 19	27.72
Dec 19	28.6
Nov 19	28.6
Nov 19	28.21
Nov 19	28.57
Nov 19	27.79
Nov 19	27.72
Oct 19	28.4
Oct 19	28.55
Oct 19	28.57
Oct 19	28.23
Sep 19	9.81
Sep 19	9.74
Sep 19	9.6
Sep 19	9.4
Aug 19	9.39
Aug 19	9.36
Aug 19	9.48
Aug 19	9.87
Aug 19	10.04
Jul 19	10.32
Jul 19	10.16

Free Cash Flow Yield

MRT-UN.TO Free Cash Flow Yield by quarter
Period	Free Cash Flow Yield
Sep 26	4.07%
Sep 26	4.09%
Aug 26	4.06%
Aug 26	4.07%
Aug 26	3.97%
Aug 26	4.09%
Jul 26	4.2%
Jul 26	4.09%
Jul 26	4.12%
Jul 26	4.07%
Jul 26	4.05%
Jun 26	3.54%
Jun 26	3.67%
Jun 26	3.65%
Jun 26	3.73%
May 26	3.74%
May 26	3.82%
May 26	3.79%
May 26	3.81%
May 26	3.8%
Apr 26	3.72%
Apr 26	3.76%
Apr 26	3.73%
Apr 26	3.76%
Mar 26	4.04%
Mar 26	4.13%
Mar 26	4.07%
Mar 26	4.08%
Feb 26	4.19%
Feb 26	4.27%
Feb 26	4.16%
Feb 26	4.13%
Jan 26	4%
Jan 26	3.97%
Jan 26	4.14%
Jan 26	4.22%
Jan 26	4.19%
Dec 25	3.59%
Dec 25	3.6%
Dec 25	3.71%
Dec 25	3.79%
Nov 25	3.83%
Nov 25	3.96%
Nov 25	3.95%
Nov 25	3.97%
Oct 25	3.91%
Oct 25	3.83%
Oct 25	3.86%
Oct 25	3.85%
Oct 25	3.94%
Sep 25	5.41%
Sep 25	5.37%
Sep 25	5.34%
Sep 25	5.36%
Aug 25	5.34%
Aug 25	5.33%
Aug 25	5.37%
Aug 25	5.37%
Aug 25	5.5%
Jul 25	5.39%
Jul 25	5.35%
Jul 25	5.35%
Jul 25	5.34%
Jun 25	6.03%
Jun 25	6.09%
Jun 25	6.03%
Jun 25	6.01%
May 25	5.84%
May 25	5.86%
May 25	5.85%
May 25	6.12%
May 25	6.34%
Apr 25	6.19%
Apr 25	6.12%
Apr 25	6.31%
Apr 25	6.34%
Mar 25	7.15%
Mar 25	7.12%
Mar 25	7.1%
Mar 25	7.15%
Feb 25	7.19%
Feb 25	7.18%
Feb 25	7.12%
Feb 25	7%
Jan 25	7.06%
Jan 25	7.09%
Jan 25	7.15%
Jan 25	7.26%
Jan 25	7.22%
Dec 24	4.81%
Dec 24	4.83%
Dec 24	4.78%
Dec 24	4.72%
Nov 24	4.79%
Nov 24	4.75%
Nov 24	4.75%
Nov 24	4.85%
Nov 24	4.62%
Oct 24	4.58%
Oct 24	4.54%

Price to Sales

MRT-UN.TO Price to Sales by quarter
Period	Price to Sales
Sep 26	1.95
Sep 26	1.95
Aug 26	1.96
Aug 26	1.95
Aug 26	2
Aug 26	1.95
Jul 26	1.9
Jul 26	1.95
Jul 26	1.93
Jul 26	1.96
Jul 26	1.97
Jun 26	1.93
Jun 26	1.86
Jun 26	1.88
Jun 26	1.84
May 26	1.83
May 26	1.79
May 26	1.81
May 26	1.8
May 26	1.8
Apr 26	1.84
Apr 26	1.82
Apr 26	1.83
Apr 26	1.82
Mar 26	1.77
Mar 26	1.73
Mar 26	1.76
Mar 26	1.75
Feb 26	1.7
Feb 26	1.67
Feb 26	1.71
Feb 26	1.73
Jan 26	1.78
Jan 26	1.8
Jan 26	1.72
Jan 26	1.69
Jan 26	1.7
Dec 25	1.65
Dec 25	1.65
Dec 25	1.6
Dec 25	1.57
Nov 25	1.55
Nov 25	1.5
Nov 25	1.5
Nov 25	1.5
Oct 25	1.52
Oct 25	1.55
Oct 25	1.54
Oct 25	1.54
Oct 25	1.51
Sep 25	1.44
Sep 25	1.45
Sep 25	1.46
Sep 25	1.45
Aug 25	1.46
Aug 25	1.46
Aug 25	1.45
Aug 25	1.45
Aug 25	1.42
Jul 25	1.45
Jul 25	1.46
Jul 25	1.46
Jul 25	1.46
Jun 25	1.43
Jun 25	1.41
Jun 25	1.43
Jun 25	1.43
May 25	1.48
May 25	1.47
May 25	1.47
May 25	1.41
May 25	1.36
Apr 25	1.39
Apr 25	1.41
Apr 25	1.36
Apr 25	1.36
Mar 25	1.38
Mar 25	1.38
Mar 25	1.39
Mar 25	1.38
Feb 25	1.37
Feb 25	1.38
Feb 25	1.38
Feb 25	1.41
Jan 25	1.4
Jan 25	1.39
Jan 25	1.38
Jan 25	1.36
Jan 25	1.37
Dec 24	1.37
Dec 24	1.37
Dec 24	1.38
Dec 24	1.4
Nov 24	1.38
Nov 24	1.39
Nov 24	1.39
Nov 24	1.36
Nov 24	1.43
Oct 24	1.44
Oct 24	1.45

EV/EBITDA

MRT-UN.TO EV/EBITDA by quarter
Period	EV/EBITDA
Sep 26	27.46
Sep 26	27.44
Aug 26	27.48
Aug 26	27.46
Aug 26	27.65
Aug 26	27.44
Jul 26	27.23
Jul 26	27.43
Jul 26	27.38
Jul 26	27.47
Jul 26	27.51
Jun 26	37.96
Jun 26	37.59
Jun 26	37.66
Jun 26	37.44
May 26	37.39
May 26	37.2
May 26	37.27
May 26	37.23
May 26	37.26
Apr 26	37.47
Apr 26	37.35
Apr 26	37.42
Apr 26	37.35
Mar 26	59.31
Mar 26	58.98
Mar 26	59.19
Mar 26	59.17
Feb 26	58.75
Feb 26	58.47
Feb 26	58.84
Feb 26	58.98
Jan 26	59.45
Jan 26	59.59
Jan 26	58.91
Jan 26	58.63
Jan 26	58.75
Dec 25	55.87
Dec 25	55.85
Dec 25	55.41
Dec 25	55.15
Nov 25	55.02
Nov 25	54.56
Nov 25	54.6
Nov 25	54.54
Oct 25	54.73
Oct 25	55.02
Oct 25	54.89
Oct 25	54.93
Oct 25	54.62
Sep 25	34.13
Sep 25	34.19
Sep 25	34.23
Sep 25	34.2
Aug 25	34.23
Aug 25	34.24
Aug 25	34.19
Aug 25	34.19
Aug 25	34
Jul 25	34.16
Jul 25	34.22
Jul 25	34.22
Jul 25	34.23
Jun 25	21.64
Jun 25	21.59
Jun 25	21.64
Jun 25	21.66
May 25	21.81
May 25	21.79
May 25	21.8
May 25	21.56
May 25	21.4
Apr 25	21.51
Apr 25	21.56
Apr 25	21.41
Apr 25	21.4
Mar 25	12.57
Mar 25	12.58
Mar 25	12.6
Mar 25	12.57
Feb 25	12.56
Feb 25	12.56
Feb 25	12.58
Feb 25	12.64
Jan 25	12.61
Jan 25	12.6
Jan 25	12.57
Jan 25	12.53
Jan 25	12.55
Dec 24	12.82
Dec 24	12.81
Dec 24	12.83
Dec 24	12.87
Nov 24	12.83
Nov 24	12.85
Nov 24	12.85
Nov 24	12.79
Nov 24	12.94
Oct 24	12.96
Oct 24	12.99

Price/Operating Cashflow

MRT-UN.TO Price/Operating Cashflow by quarter
Period	Price/Operating Cashflow
Sep 26	10.76
Sep 26	10.73
Aug 26	10.79
Aug 26	10.76
Aug 26	11.04
Aug 26	10.73
Jul 26	10.44
Jul 26	10.72
Jul 26	10.66
Jul 26	10.78
Jul 26	10.84
Jun 26	11.45
Jun 26	11.04
Jun 26	11.12
Jun 26	10.88
May 26	10.83
May 26	10.62
May 26	10.7
May 26	10.65
May 26	10.68
Apr 26	10.91
Apr 26	10.78
Apr 26	10.86
Apr 26	10.78
Mar 26	9.42
Mar 26	9.22
Mar 26	9.34
Mar 26	9.33
Feb 26	9.07
Feb 26	8.9
Feb 26	9.13
Feb 26	9.22
Jan 26	9.5
Jan 26	9.59
Jan 26	9.17
Jan 26	9
Jan 26	9.07
Dec 25	9.55
Dec 25	9.54
Dec 25	9.24
Dec 25	9.06
Nov 25	8.97
Nov 25	8.65
Nov 25	8.68
Nov 25	8.64
Oct 25	8.77
Oct 25	8.97
Oct 25	8.88
Oct 25	8.91
Oct 25	8.7
Sep 25	7.32
Sep 25	7.37
Sep 25	7.41
Sep 25	7.38
Aug 25	7.41
Aug 25	7.42
Aug 25	7.37
Aug 25	7.37
Aug 25	7.19
Jul 25	7.34
Jul 25	7.39
Jul 25	7.39
Jul 25	7.41
Jun 25	6.8
Jun 25	6.73
Jun 25	6.8
Jun 25	6.82
May 25	7.02
May 25	7
May 25	7.01
May 25	6.69
May 25	6.47
Apr 25	6.62
Apr 25	6.69
Apr 25	6.49
Apr 25	6.47
Mar 25	6.45
Mar 25	6.48
Mar 25	6.5
Mar 25	6.45
Feb 25	6.42
Feb 25	6.43
Feb 25	6.48
Feb 25	6.59
Jan 25	6.54
Jan 25	6.51
Jan 25	6.45
Jan 25	6.36
Jan 25	6.4
Dec 24	6.36
Dec 24	6.34
Dec 24	6.4
Dec 24	6.49
Nov 24	6.39
Nov 24	6.45
Nov 24	6.45
Nov 24	6.31
Nov 24	6.63
Oct 24	6.69
Oct 24	6.75

Price to Book

MRT-UN.TO Price to Book by quarter
Period	Price to Book
Sep 26	0.54
Sep 26	0.54
Aug 26	0.54
Aug 26	0.54
Aug 26	0.55
Aug 26	0.54
Jul 26	0.52
Jul 26	0.54
Jul 26	0.53
Jul 26	0.54
Jul 26	0.54
Jun 26	0.53
Jun 26	0.52
Jun 26	0.52
Jun 26	0.51
May 26	0.51
May 26	0.5
May 26	0.5
May 26	0.5
May 26	0.5
Apr 26	0.51
Apr 26	0.5
Apr 26	0.51
Apr 26	0.5
Mar 26	0.49
Mar 26	0.48
Mar 26	0.49
Mar 26	0.49
Feb 26	0.48
Feb 26	0.47
Feb 26	0.48
Feb 26	0.48
Jan 26	0.5
Jan 26	0.5
Jan 26	0.48
Jan 26	0.47
Jan 26	0.48
Dec 25	0.48
Dec 25	0.47
Dec 25	0.46
Dec 25	0.45
Nov 25	0.45
Nov 25	0.43
Nov 25	0.43
Nov 25	0.43
Oct 25	0.44
Oct 25	0.45
Oct 25	0.44
Oct 25	0.44
Oct 25	0.43
Sep 25	0.42
Sep 25	0.43
Sep 25	0.43
Sep 25	0.43
Aug 25	0.43
Aug 25	0.43
Aug 25	0.43
Aug 25	0.43
Aug 25	0.42
Jul 25	0.42
Jul 25	0.43
Jul 25	0.43
Jul 25	0.43
Jun 25	0.42
Jun 25	0.41
Jun 25	0.42
Jun 25	0.42
May 25	0.43
May 25	0.43
May 25	0.43
May 25	0.41
May 25	0.4
Apr 25	0.41
Apr 25	0.41
Apr 25	0.4
Apr 25	0.4
Mar 25	0.39
Mar 25	0.39
Mar 25	0.39
Mar 25	0.39
Feb 25	0.38
Feb 25	0.38
Feb 25	0.39
Feb 25	0.39
Jan 25	0.39
Jan 25	0.39
Jan 25	0.39
Jan 25	0.38
Jan 25	0.38
Dec 24	0.39
Dec 24	0.38
Dec 24	0.39
Dec 24	0.39
Nov 24	0.39
Nov 24	0.39
Nov 24	0.39
Nov 24	0.38
Nov 24	0.4
Oct 24	0.4
Oct 24	0.41

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Morguard Real Estate Investment Trust

Video analysis: MRT-UN.TO

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