TSX

Morguard Real Estate Investment Trust

MRT-UN.TO•Real Estate•REIT - Diversified
Current Price
$7.00
Today's Change
+0.00%
Market Cap
$470.89M
Volume
800.00

💡 Quick Take

MRT-UN.TO is a closed-end real estate investment trust that manages a diversified portfolio of 47 income-producing properties across Canada. A key concern is the high FFO payout ratio of 272.6%, indicating potential sustainability issues for its distribution yield of 2.90%. Additionally, the Price/FFO ratio of 93.89x suggests overvaluation relative to its earnings. However, the company maintains a stable revenue growth of 0.6% and a reasonable net margin of 3.4%, which could provide some stability in its operations.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$7.37
52 Week Low$5.71
Avg Volume13.45K
Beta0.09
Shares Outstanding67.27M

🔥 Valuation

Market Cap$470.89M
FFO/Share$0.07
Price/FFO93.89x
Distribution Yield2.90%
Property TypeDiversified

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🚩 Red Flags

⚠️

Unsustainable Distribution Payout

FFO payout ratio of 272.6% exceeds 100%, indicating distributions are not covered by operating cash flow.

🌟 Opportunities

💪

Positive FFO indicates healthy cash generation from property operations.

💪

Positive net income demonstrates strong operational performance beyond FFO metrics.

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