Morguard Corporation (T:MRC*CA)
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 | 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 fiscal year ended 31 December 2023, Morguard Corp revenues increased 8% to C$1.22B. Net income decreased 40% to C$74.2M. Revenues reflect Multi Unit Residential segment increase of 12% to C$489.7M, USA segment increase of 16% to C$367.6M, FFO per Share (Basic) increase of 3% to C$19.64, FFO per Share (Diluted) increase of 3% to C$19.64. Net income was offset by G/L on Invest HFS, Maturity & Tradin increase of 55% to C$201.6M (expense). |
| Employees: | 1,000 as of Dec 31, 2003 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7,305M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,224M as of Dec 31, 2023 |
| EBITDA (TTM): | $573.22M as of Dec 31, 2023 |
| Net annual income (TTM): | $74.18M as of Dec 31, 2023 |
| Free cash flow (TTM): | $291.40M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $6,083M as of Dec 31, 2023 |
| 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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