Also trades as: MNARF (OTC) · $vol 0M
MRG-UN.TO TSX
Morguard North American Residential Real Estate Investment Trust
1W: -1.2%
1M: -6.9%
3M: -16.2%
YTD: -22.2%
1Y: -21.7%
3Y: +1.3%
5Y: -3.5%
C$14.68 ($10.30)
+0.08 (+0.55%)
Weekly Expected Move ±2.1%
C$14
C$14
C$15
C$15
C$15
Overview
Chart
Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Analysis
Technicals
Weather
Peers
ETF Exposure
Cash Flow Trends
Operating Cash Flow
$88M
-10.0% ▼
5Y CAGR: +11.9%
Capital Expenditures
$0
+0.0% ▲
Free Cash Flow
$88M
-10.0% ▼
5Y CAGR: +11.9%
Dividends Paid
$26M
+1.8% ▲
Buybacks
$24M
+7.4% ▲
Net Change in Cash
$63M
+89.6% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $245M | $240M | $185M | $99M | $112M |
| Depreciation & Amort. | $0 | $0 | $5M | $0 | $0 |
| Stock-Based Comp. | $0 | $0 | $0 | $0 | $0 |
| Change in Working Capital | $7M | -$340K | $2M | $15M | $106K |
| Other Non-Cash Items | -$258M | -$234M | -$110M | -$29M | -$35M |
| Operating Cash Flow | $64M | $75M | $89M | $98M | $88M |
| — Investing Activities — | |||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 |
| Acquisitions (Net) | -$1M | $0 | $0 | $0 | $0 |
| Investment Purchases | -$31M | -$262M | $0 | $0 | $0 |
| Investment Sales | $0 | $251M | $0 | $0 | $0 |
| Other Investing | $1M | -$11M | -$209M | -$59M | -$71M |
| Investing Cash Flow | -$31M | -$11M | -$209M | -$59M | -$71M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$548K | $28M | $94M | $58M | $106M |
| Stock Repurchased | $0 | $0 | -$24M | -$26M | -$24M |
| Dividends Paid | -$27M | -$27M | -$27M | -$27M | -$26M |
| Other Financing | -$6M | -$80M | $77M | -$12M | -$6M |
| Financing Cash Flow | -$33M | -$79M | $121M | -$7M | $49M |
| Net Change in Cash | -$742K | -$12M | $3M | $33M | $63M |
| Cash End of Period | $27M | $15M | $18M | $51M | $115M |
| Free Cash Flow | $64M | $75M | $89M | $98M | $88M |