Morguard Corporation Reports Q1 2025 Financial Results and Dividend

Morguard (OTC) ( (TSE:MRC) ) just unveiled an update.

Morguard Corporation reported its financial results for the first quarter of 2025, highlighting a strong liquidity position with $278 million in cash and credit facilities, and a $1.1 billion pool of unencumbered properties. The company saw a modest increase in total revenue to $282.2 million, driven by higher revenues from real estate properties, despite a decrease in hotel property revenue following the sale of 14 hotels in 2024. Net income decreased significantly to $54.8 million, primarily due to the absence of gains from the previous year’s hotel sales, although there was an increase in non-cash net fair value gains. The company also acquired the remaining 40% of Lincluden Investment Management Limited. DBRS Limited upgraded Morguard’s rating trend to Positive, reflecting a stable outlook for the company’s financial health.

Spark’s Take on TSE:MRC Stock

According to Spark, TipRanks’ AI Analyst, TSE:MRC is a Outperform.

Morguard’s overall stock score of 73 is driven by strong financial performance and attractive valuation. The company’s strategic portfolio adjustments and debt management further support this positive outlook. However, technical analysis indicates mixed momentum, and revenue growth challenges remain a concern.

To see Spark’s full report on TSE:MRC stock, click here.

More about Morguard (OTC)

Morguard Corporation is a real estate company involved in the ownership, management, and development of a diversified portfolio of properties across North America. The company focuses on residential, retail, office, industrial, and hotel properties, catering to a broad market segment.

Average Trading Volume: 4,259

Technical Sentiment Signal: Sell

Current Market Cap: C$1.23B

For an in-depth examination of MRC stock, go to TipRanks’ Stock Analysis page.