Morguard Corporation (T:MRC)
Business Focus: Real Estate Rental, Development & Operations (NEC)
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
| Company Contact | |
| Address: | 55 City Centre Drive, Suite 800 MISSISSAUGA ON L5B 1M3 |
| Tel: | 1-905-2815923 |
| Website: | https://www.morguard.com |
| IR: | See website |
| Key People | ||
| Kuldip Sahi Chairman of the Board, Chief Executive Officer | Angela Sahi President, Chief Operating Officer, Director | Paul Miatello Chief Financial Officer, Senior Vice President |
| Beverley G. Flynn Senior Vice President, General Counsel, Secretary | Robert Hansard Barker Mcfarlane Vice President | Brian Athey Vice President - Development |
| Business Overview |
| Morguard Corporation is a Canada-based real estate company. The Company's principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust. |
| Financial Overview |
| For the three months ended 31 March 2024, Morguard Corp revenues decreased 4% to C$281.7M. Net income totaled C$130.4M vs. loss of C$34.7M. Revenues reflect Hotel segment decrease of 67% to C$10.4M, Canada segment decrease of 8% to C$173.8M. Net Income reflects Amortization of hotel properties and oth decrease of 64% to C$2.7M (expense), Fair value loss on MRG units decrease of 7% to C$36.9M (expense). |
| Employees: | 1,000 as of Dec 31, 2003 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7,292M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,213M as of Mar 31, 2024 |
| EBITDA (TTM): | $570.43M as of Mar 31, 2024 |
| Net annual income (TTM): | $239.31M as of Mar 31, 2024 |
| Free cash flow (TTM): | $278.01M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $5,615M as of Mar 31, 2024 |
| Shares outstanding: | 10,813,391 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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