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Employees: 7
Size Morguard Real Estate Investment Trust (MRT-UN.TO) is a Canada Real Estate company (Real Estate Investment Trusts) with a market value of $340M, the 404th largest of 420 Canada companies the cockpit tracks. Shares closed at C$7.02 on 6 Nov 2026.
Performance Over six months the shares gained 8.0%, against -9.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 0.7% over the last twelve months (peer median +0.6%); the operating margin is 43.5% (peer median 58.0%).
Valuation It trades at 0.54× book value against a peer median of 0.84× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 4.2%; Morguard Real Estate Investment Trust delivers 1.6%, so the price asks more than the business earns today.
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$242M | C$239M | C$259M | C$255M | C$243M |
| Revenue growth | — | -8% | +2% | +5% | — |
| Gross profit | C$109M | C$112M | C$128M | C$126M | C$122M |
| EBITDA | C$105M | C$108M | C$125M | C$122M | C$118M |
| Net income | C$14.2M | -C$16.6M | -C$58.8M | -C$74.4M | -C$86.1M |
| Free cash flow | C$40.3M | C$40.4M | C$55.2M | C$66.3M | C$74.0M |
| Capital expenditure | C$0 | C$0 | C$0 | C$0 | C$0 |
| Total debt | C$1.24B | C$1.24B | C$1.23B | C$1.26B | C$1.27B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MRT-UN.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.1% | -0.2% | 10th lowest of 21 |
| 6-month return | +8.0% | -9.3% | 2nd highest of 21 |
| Return on equity | 1.6% | 1.4% | 11th highest of 21 |
| Price / book | 0.54× | 0.84× | 3rd cheapest of 21 |
| Trailing P/E | 39.6× | 18.4× | 3rd most expensive of 12 |
| ROE the price implies | 4.2% | 5.5% | 2nd least demanding of 21 |
| ROE delivered | 1.6% | 0.5% | 10th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Morguard Real Estate Investment Trust MRT-UN.TO | Canada | $340M | +8% | -1% | 2% | 0.54× | 4.2% | 1.6% |
| Immobiliere Dassault IMDA.PA | France | $335M | -21% | +14% | -20% | 0.60× | 5.0% | -19.9% |
| Yinhua Shaoxing Yuanshui Water Conservancy REIT 180701.SZ | China | $348M | -8% | +290% | 4% | 1.43× | 4.3% | 3.8% |
| SF Real Estate Investment Trust 2191.HK | Hong Kong | $333M | +22% | -7% | 4% | 0.82× | 5.1% | 4.0% |
| KKR Real Estate Finance Trust KREF | United States | $327M | -14% | -21% | -19% | 0.56× | 6.7% | -18.8% |
| Arima Real Estate SOCIMI ARM.MC | Spain | $356M | -6% | +210% | 8% | 0.91× | 5.4% | 7.7% |
| Selectirente SELER.PA | France | $367M | -7% | +2% | 5% | 0.88× | 6.0% | 5.0% |
| Farmland Partners FPI | United States | $369M | -17% | -6% | 2% | 0.87× | 8.1% | 2.2% |
| Hamborner REIT HABA.DE | Germany | $370M | -19% | -4% | -2% | 0.97× | 6.3% | -2.2% |
| Centuria Office REIT COF.AX | Australia | $375M | -3% | -1% | 6% | 0.55× | 7.4% | 5.6% |
| Bosera CMSK Industrial Park REIT Units 180101.SZ | China | $305M | -21% | -15% | -1% | 0.68× | 2.7% | -0.7% |
| Silicius Real Estate Socimi YSIL.MC | Spain | $303M | -5% | +84% | 5% | 0.87× | 5.3% | n/a |
| Fonciere INEA INEA.PA | France | $382M | -11% | -1% | 1% | 0.68× | 5.3% | 0.5% |
| Gladstone Land LAND | United States | $303M | -28% | +22% | -1% | 0.45× | 6.5% | -1.0% |
| SANKEI REAL ESTATE 2972.T | Japan | $383M | +4% | -15% | -5% | 1.28× | 5.0% | -4.7% |
| Carindale Property Trust CDP.AX | Australia | $302M | -2% | +5% | 10% | 0.73× | 5.6% | 10.2% |
| SamsungFN REIT 448730.KS | South Korea | $301M | -28% | +16% | 3% | 1.03× | 5.5% | 3.3% |
| Redwood Trust RWT | United States | $392M | -44% | -9% | -4% | 0.44× | 7.2% | -4.0% |
| Nsi NSI.AS | Netherlands | $394M | +1% | -4% | -2% | 0.54× | 4.5% | -2.5% |
| PRO Real Estate Investment Trust PRV-UN.TO | Canada | $397M | +6% | +8% | 7% | 0.96× | 9.1% | 7.2% |
| Industrial Logistics Properties Trust ILPT | United States | $397M | -27% | +4% | -12% | 0.94× | 16.7% | -12.2% |