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Morguard North American Residential Real Estate Investment Trust
TSX:MRG.UN

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Morguard North American Residential Real Estate Investment Trust Logo
Morguard North American Residential Real Estate Investment Trust
TSX:MRG.UN
Watchlist
Price: 15.26 CAD 1.8% Market Closed
Updated: May 5, 2024

Income Statement

Earnings Waterfall
Morguard North American Residential Real Estate Investment Trust

Revenue
331.6m CAD
Cost of Revenue
-130.6m CAD
Gross Profit
201m CAD
Operating Expenses
-20.7m CAD
Operating Income
180.2m CAD
Other Expenses
-3.9m CAD
Net Income
176.3m CAD

Income Statement
Morguard North American Residential Real Estate Investment Trust

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Income Statement
Currency: CAD
Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023
Revenue
Revenue
143
N/A
161
+13%
169
+5%
172
+1%
175
+2%
180
+3%
184
+2%
191
+4%
198
+4%
205
+3%
211
+3%
216
+2%
219
+1%
220
+1%
223
+2%
225
+1%
227
+1%
229
+1%
232
+1%
236
+2%
241
+2%
246
+2%
247
+0%
246
0%
246
0%
246
+0%
248
+1%
249
+0%
249
0%
247
-1%
243
-1%
243
0%
246
+1%
251
+2%
258
+3%
267
+3%
278
+4%
293
+5%
309
+5%
322
+4%
332
+3%
Gross Profit
Cost of Revenue
(58)
(72)
(73)
(71)
(69)
(72)
(73)
(75)
(77)
(82)
(84)
(86)
(84)
(85)
(85)
(86)
(86)
(88)
(88)
(89)
(91)
(96)
(96)
(97)
(95)
(95)
(95)
(95)
(96)
(95)
(96)
(97)
(98)
(101)
(103)
(104)
(107)
(119)
(124)
(129)
(131)
Gross Profit
85
N/A
89
+5%
97
+9%
101
+4%
106
+5%
108
+2%
111
+3%
116
+4%
121
+5%
123
+1%
127
+3%
130
+3%
134
+3%
135
+0%
138
+2%
139
+1%
141
+1%
141
+0%
144
+2%
148
+3%
150
+2%
150
0%
150
+0%
150
0%
151
+1%
151
0%
153
+2%
154
+1%
153
-1%
152
-1%
148
-3%
146
-1%
147
+1%
150
+2%
155
+4%
163
+5%
171
+5%
174
+2%
185
+6%
193
+4%
201
+4%
Operating Income
Operating Expenses
(13)
(14)
(15)
(15)
(16)
(16)
(17)
(17)
(17)
(17)
(18)
(19)
(19)
(19)
(19)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(17)
(18)
(18)
(18)
(6)
(6)
(6)
(18)
(18)
(19)
(19)
(20)
(21)
(21)
(21)
(21)
Selling, General & Administrative
(13)
(14)
(15)
(15)
(16)
(16)
(17)
(17)
(17)
(17)
(18)
(19)
(19)
(19)
(19)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(17)
(18)
(18)
(18)
(6)
(6)
(6)
(18)
(18)
(19)
(19)
(20)
(21)
(21)
(21)
(21)
Operating Income
72
N/A
75
+4%
82
+10%
86
+4%
90
+5%
91
+1%
95
+3%
99
+5%
104
+5%
105
+1%
109
+3%
112
+3%
115
+3%
116
+1%
119
+3%
121
+2%
123
+1%
123
+0%
126
+3%
129
+2%
132
+2%
131
0%
132
+1%
132
0%
133
+1%
133
+0%
136
+2%
136
+1%
136
-1%
145
+7%
141
-3%
140
-1%
129
-7%
132
+2%
137
+4%
145
+6%
151
+5%
153
+1%
164
+7%
172
+5%
180
+5%
Pre-Tax Income
Interest Income Expense
(0)
12
(16)
(29)
(36)
(56)
(26)
(27)
(38)
(46)
(71)
(55)
(55)
(35)
20
(5)
53
145
103
115
93
4
23
(2)
(20)
79
51
104
54
(11)
(1)
53
208
389
545
530
184
15
(83)
(161)
46
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
0
0
0
0
(0)
(1)
(1)
(1)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
(5)
(2)
1
5
11
10
10
9
7
1
(5)
(11)
4
3
1
(2)
(22)
(22)
(23)
(23)
(26)
(29)
(29)
(30)
(26)
(28)
(29)
(28)
(25)
(39)
(39)
(39)
(27)
(30)
(26)
(26)
(26)
(25)
(30)
(31)
(33)
Pre-Tax Income
66
N/A
85
+28%
67
-21%
62
-7%
65
+5%
46
-30%
78
+70%
81
+4%
73
-10%
61
-17%
33
-46%
47
+43%
65
+39%
84
+29%
140
+67%
114
-18%
154
+35%
247
+61%
207
-16%
221
+7%
198
-10%
106
-47%
126
+19%
100
-21%
86
-14%
184
+112%
158
-14%
213
+35%
165
-23%
95
-42%
101
+6%
154
+52%
310
+102%
491
+58%
656
+34%
648
-1%
310
-52%
144
-54%
51
-65%
(20)
N/A
193
N/A
Net Income
Tax Provision
(9)
(14)
(18)
(20)
(26)
(26)
(29)
(34)
(33)
(35)
(33)
(36)
(33)
(25)
(26)
(18)
20
4
2
5
(24)
(8)
(6)
(6)
(6)
(10)
(7)
(7)
2
2
(3)
(23)
(66)
(103)
(121)
(119)
(70)
(41)
(27)
2
(8)
Income from Continuing Operations
58
71
49
42
39
19
49
48
40
26
(0)
10
32
59
114
96
173
251
209
226
175
98
120
94
80
174
151
206
167
97
98
131
245
389
535
530
240
103
24
(18)
185
Income to Minority Interest
(1)
(1)
(1)
(1)
(1)
(0)
(1)
(1)
(1)
(1)
(2)
(2)
(3)
(3)
(5)
(4)
(13)
(14)
(14)
(17)
(3)
(1)
(0)
3
(3)
(4)
(2)
(3)
8
9
7
5
(3)
(11)
(14)
(22)
(20)
(16)
(19)
(6)
(9)
Net Income (Common)
56
N/A
69
+23%
48
-31%
41
-15%
38
-6%
19
-51%
48
+155%
47
-2%
39
-17%
24
-37%
(2)
N/A
8
N/A
29
+250%
56
+90%
110
+97%
92
-16%
160
+74%
237
+48%
195
-18%
209
+7%
172
-18%
97
-44%
120
+24%
97
-20%
77
-21%
170
+121%
149
-12%
203
+36%
175
-14%
106
-40%
105
-1%
137
+30%
242
+77%
378
+56%
521
+38%
508
-3%
219
-57%
86
-61%
5
-94%
(25)
N/A
176
N/A
EPS (Diluted)
1.1
N/A
1.38
+25%
0.95
-31%
0.81
-15%
0.76
-6%
0.4
-47%
0.94
+135%
0.92
-2%
0.77
-16%
0.52
-32%
-0.03
N/A
0.16
N/A
0.58
+263%
1.02
+76%
2
+96%
1.68
-16%
2.93
+74%
4.27
+46%
3.55
-17%
3.8
+7%
3.12
-18%
1.75
-44%
2.17
+24%
1.82
-16%
1.35
-26%
2.8
+107%
2.45
-13%
3.35
+37%
2.9
-13%
1.75
-40%
1.74
-1%
2.26
+30%
4
+77%
6.24
+56%
9.26
+48%
8.38
-10%
3.62
-57%
1.41
-61%
0.08
-94%
-0.42
N/A
3.01
N/A

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