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STOCKS

Morguard NA REIT UN (TSE:MRG.UN)

TSX:MRG.UN

MRG.UN

Morguard NA REIT UN

RESEARCH TOOLSreports

Morguard NA REIT UN (MRG.UN) Earnings Dates, Call Summary & Reports

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61 Followers

Earnings Data

Report Date

Feb 17, 2026

TBA (Confirmed)

Period Ending

2025 (Q4)

Consensus EPS Forecast

―

Last Year’s EPS

0.77

Same Quarter Last Year

Analyst Consensus

Hold

Based on 1 Analysts Ratings

Earnings Call Summary

Q3 2024

Earnings Call Date:Oct 29, 2024|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call presented a mixed picture with strong asset growth and rent increases in Canada offset by significant net loss and decreased occupancy in the U.S. Interest expense rise and operational challenges contributed to a cautious outlook.

Company Guidance

During the Q3 2024 earnings call for MRG.UN.TO, several key financial metrics and guidance were provided. The REIT's total assets increased to $4.4 billion, up from $4.1 billion at the end of 2023, due to factors including a fair value increase in real estate properties. They reported $103.3 million in cash and a $1.7 billion long-term debt. Mortgage payables have a weighted average term of 5.1 years and an interest rate of 3.87%. The debt-to-gross book value ratio slightly increased to 38.9%. The REIT repurchased about 1.1 million units under the NCIB at an average price of $16.94, with an IFRS net asset value per unit at $41.30. The annual cash distribution was increased by 2.7% to $0.76 per unit. Despite a net loss of $18.8 million, mostly due to non-cash items, the REIT saw a net operating income of $52 million, a slight decrease from the previous year. In Canada, the average monthly rent rose by 6% to $1,754, while in the U.S., it increased by 2% to USD 1,911. Canadian occupancy was at 97.8%, and U.S. occupancy at 91.7%. The REIT also completed $31.8 million in capital expenditures. Looking ahead, the REIT plans to continue with its share buyback strategy and is exploring acquisition opportunities, particularly where cap rates are favorable.

Increase in Total Assets

Total assets increased to $4.4 billion in Q3 2024, up from $4.1 billion at the end of 2023, due to a fair value increase on real estate properties and foreign exchange rate fluctuations.

Strong Canadian Rent Growth

Average monthly rent in Canada increased by 6% compared to 2023, with a 24.1% AMR growth on suite turnover.

Increase in Annual Cash Distribution

Annual cash distribution increased by $0.02 per unit, a 2.7% increase, to $0.76 per unit.

Morguard NA REIT UN (TSE:MRG.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:MRG.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 17, 2026	2025 (Q4)	- / -	0.766	―	―	―
Oct 27, 2025	2025 (Q3)	- / 0.23	-0.333	168.47% (+0.56)	―	―
Jul 29, 2025	2025 (Q2)	- / 0.55	0.886	-38.15% (-0.34)	―	―
Apr 29, 2025	2025 (Q1)	- / 0.69	0.468	47.22% (+0.22)	―	―
Feb 11, 2025	2024 (Q4)	- / 0.77	0.457	67.61% (+0.31)	―	―
Oct 29, 2024	2024 (Q3)	- / -0.33	0.678	-149.12% (-1.01)	―	―
Jul 30, 2024	2024 (Q2)	- / 0.89	1.502	-41.01% (-0.62)	―	―
Apr 30, 2024	2024 (Q1)	- / 0.47	0.564	-17.02% (-0.10)	―	―
Feb 13, 2024	2023 (Q4)	- / 0.46	-3.122	114.64% (+3.58)	―	―
Oct 24, 2023	2023 (Q3)	- / 0.68	1.245	-45.54% (-0.57)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:MRG.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 27, 2025	C$18.02	C$17.64	-2.11%
Jul 29, 2025	C$17.74	C$18.17	+2.42%
Apr 29, 2025	C$16.28	C$16.30	+0.12%
Feb 11, 2025	C$16.40	C$16.05	-2.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Morguard NA REIT UN (TSE:MRG.UN) report earnings?

Morguard NA REIT UN (TSE:MRG.UN) is schdueled to report earning on Feb 17, 2026, TBA (Confirmed).

What is Morguard NA REIT UN (TSE:MRG.UN) earnings time?

Morguard NA REIT UN (TSE:MRG.UN) earnings time is at Feb 17, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:MRG.UN EPS forecast?

Currently, no data Available