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Morguard Corporation (MRC.TO)

CAD120.21 +0.11 (+0.09%)
CA TSX Real Estate Real Estate - Development
Address 55 City Centre Drive L5B 1M3
Mississauga, ON, CA
CEO Angela Sahi
IPO 2002-07-08
ISIN CA6175771014

Explore sections of this company profile

Also trades on Other OTC · MRCBF (USD) Toronto Stock Exchange · MRC.TO (CAD)
Description

Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors. It also acquires, develops, and owns a portfolio of multi-suite residential, commercial, retail, office, industrial, and hotel properties. The company was formerly known as Acktion Corporation and changed its name to Morguard Corporation in June 2002. Morguard Corporation was incorporated in 2024 and is headquartered in Mississauga, Canada. Morguard Corporation operates as a subsidiary of Paros Enterprises Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD120.21 +0.11 (+0.09%)
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Volume Profile
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Liquidity & share structure
Average Volume
1.4K
Beta
0.48
Float Shares
2.45M
Free Float %
23.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.56% +4.85% +9.43% +10.93% +7.22% +9.30% +12.20% +22.88% -0.91% -16.31% +979.06%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
120.21
DCF (Unlevered) 2,034.49 +1,592.4%
DCF (Levered) 139.09 +15.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.70
Distress
Piotroski F-Score
8 / 9
Strong
MOAT Score
7 / 10
Strong MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Real Estate - Development: +9.7%
    +1.4% Q1'26: -1.0% (vs Q1'25)
  • EPS growth Real Estate - Development: +20.5%
    -32.6% Q1'26: +1.1% (vs Q1'25)
  • FCF margin FCF growth · Real Estate - Development: +16.2%
    +13.2% Q1'26: +12.2% (vs Q1'25)
  • EBIT margin Real Estate - Development: +19.8%
    +44.2% Q1'26: +51.6% (vs Q1'25)
  • ROIC Real Estate - Development: +3.2%
    +3.6% Q1'26: +4.4% (vs Q1'25)
  • Share dilution Real Estate - Development: +0.0%
    -1.0% Q1'26: -0.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Real Estate - Development: 1.93×
    11.18× Q1'26: 9.68× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.53) × ERP
WACC = 19% × Ke + 81% × Kd (4.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2,029.65 Current price: 120.21
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
377.39M
est: 377.99M (-0.2%)
394.94M
est: 401.94M (-1.7%)
504.77M
est: 508.72M (-0.8%)
551.36M
est: 560.38M (-1.6%)
875.74M
est: 872.90M (+0.3%)
915.63M
est: 915.30M (+0.0%)
1.10B
est: 1.03B (+7.2%)
1.16B
est: 1.16B (+0.5%)
1.18B
est: 1.12B (+5.4%)
1.03B
est: 988.00M (+4.1%)
1.02B
est: 985.00M (+3.7%)
1.12B
est: 1.08B (+3.8%)
1.23B
est: 1.19B (+3.1%)
1.11B
est: 1.06B (+4.6%)
1.12B
est: 1.07B (+5.3%)
1.07B
1.07B – 1.07B
+0.2% YoY
1.10B
1.10B – 1.10B
+3.1% YoY
EBITDA
123.94M
est: 124.25M (-0.2%)
144.58M
est: 129.52M (+11.6%)
163.06M
est: 167.22M (-2.5%)
226.02M
est: 369.68M (-38.9%)
240.56M
est: 286.93M (-16.2%)
213.90M
est: 300.86M (-28.9%)
272.42M
est: 338.89M (-19.6%)
230.60M
est: 380.64M (-39.4%)
461.37M
est: 366.50M (+25.9%)
-51.99M
est: 324.76M (-116.0%)
427.23M
est: 323.77M (+32.0%)
535.04M
est: 354.67M (+50.9%)
362.60M
est: 582.61M (-37.8%)
557.29M
est: 517.86M (+7.6%)
503.20M
est: 521.77M (-3.6%)
522.75M
522.75M – 522.75M
+0.2% YoY
538.89M
538.89M – 538.89M
+3.1% YoY
EBIT
435.36M
est: -12.32M (+3,634.1%)
517.78M
est: 390.90M (+32.5%)
434.62M
est: -16.58M (+2,721.4%)
306.49M
est: -17.90M (+1,811.9%)
340.39M
est: -28.45M (+1,296.5%)
477.44M
est: -29.83M (+1,700.5%)
595.95M
est: -33.60M (+1,873.6%)
627.04M
est: -37.74M (+1,761.5%)
454.06M
est: -36.34M (+1,349.5%)
-87.28M
est: -32.20M (-171.1%)
623.34M
est: -32.10M (+2,041.7%)
358.42M
est: -35.17M (+1,119.2%)
339.52M
est: 986.38M (-65.6%)
546.28M
est: 876.76M (-37.7%)
496.34M
est: 883.38M (-43.8%)
885.03M
885.03M – 885.03M
+0.2% YoY
912.36M
912.36M – 912.36M
+3.1% YoY
Net Income
288.03M
est: 156.62M (+83.9%)
389.44M
est: 278.81M (+39.7%)
286.39M
est: 194.68M (+47.1%)
136.70M
est: 302.16M (-54.8%)
80.54M
est: 79.48M (+1.3%)
172.75M
est: 133.24M (+29.7%)
310.12M
est: 208.36M (+48.8%)
319.85M
est: 261.24M (+22.4%)
186.94M
est: 138.70M (+34.8%)
-250.05M
est: -112.33M (-122.6%)
249.76M
est: 163.12M (+53.1%)
122.77M
est: 528.63M (-76.8%)
74.18M
261.80M
est: 241.18M (+8.6%)
174.87M
est: 195.70M (-10.6%)
215.61M
215.61M – 215.61M
+10.2% YoY
243.96M
243.96M – 243.96M
+13.2% YoY
SGA
est: 44.28M (-100.0%)
66.13M
est: 46.16M (+43.3%)
63.86M
est: 83.66M (-23.7%)
68.98M
est: 64.35M (+7.2%)
72.56M
est: 102.25M (-29.0%)
86.59M
est: 107.22M (-19.2%)
82.86M
est: 120.77M (-31.4%)
92.67M
est: 135.65M (-31.7%)
94.13M
est: 130.61M (-27.9%)
59.61M
est: 115.74M (-48.5%)
80.20M
est: 115.38M (-30.5%)
0.11
est: 126.40M (-100.0%)
551.86M
est: 125.75M (+338.8%)
est: 111.78M (-100.0%)
est: 112.62M (-100.0%)
112.83M
112.83M – 112.83M
+0.2% YoY
116.32M
116.32M – 116.32M
+3.1% YoY
EPS
22.22
est: 14.49 (+53.3%)
30.31
est: 25.67 (+18.1%)
22.58
est: 17.93 (+26.0%)
10.92
est: 13.78 (-20.8%)
6.58
est: 7.36 (-10.5%)
14.46
est: 12.33 (+17.3%)
26.10
est: 11.96 (+118.2%)
27.96
est: 24.18 (+15.7%)
16.57
est: 12.84 (+29.1%)
-22.32
est: -10.40 (-114.7%)
22.50
est: 15.10 (+49.1%)
11.08
est: 48.92 (-77.4%)
6.80
24.23
est: 22.54 (+7.5%)
16.34
est: 18.29 (-10.7%)
20.15
20.15 – 20.15
+10.2% YoY
22.80
22.80 – 22.80
+13.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 A 4/5 4/5 3/5 4/5 3/5 4/5 5/5
2026-05-06 A 4/5 4/5 3/5 4/5 2/5 4/5 5/5
2026-05-05 A 4/5 4/5 3/5 4/5 2/5 4/5 5/5
2026-05-04 A 4/5 4/5 3/5 4/5 2/5 4/5 5/5
2026-05-01 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-30 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-29 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-28 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-27 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-24 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-23 A- 4/5 4/5 2/5 4/5 1/5 4/5 5/5
2026-04-21 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-20 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-17 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5
2026-04-16 A- 4/5 4/5 3/5 4/5 1/5 4/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
239.01M
OE per share TTM
22.35
Owner's Yield
18.61%
Maintenance CapEx ratio
4.24%
Maint CapEx / Avg PPE
33.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 14 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares S&P/TSX SmallCap Index ETF XCS.TO 0.10% 172.7K 0.60%
2 Desjardins RI Canada - Net-Zero Emissions Pathway ETF DRMC.TO 0.01% 10.3K 0.15%
3 iShares ESG Advanced MSCI Canada Index ETF XCSR.TO 0.01% 48.9K 0.17%
4 iShares MSCI World Small Cap UCITS ETF WSML.L 0.01% 634.7K 0.35%
5 Dimensional - International Small Cap ETF DFIS 0.01% 373.3K 0.39%
6 iShares ESG Equity ETF Portfolio GEQT.TO 0.00% 7.9K 0.25%
7 iShares ESG Growth ETF Portfolio GGRO.TO 0.00% 6.0K 0.24%
8 Vanguard MSCI International Small Cos Index ETF VISM.AX 0.00% 20.8K 0.32%
9 iShares ESG Balanced ETF Portfolio GBAL.TO 0.00% 4.7K 0.24%
10 iShares ESG Conservative Balanced ETF Portfolio GCNS.TO 0.00% 946.53 0.23%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
165.45M
Shares Outstanding
10.68M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Kuldip Rai Sahi FCGA FCPA Executive Chair 3M male
Angela Sahi Chief Executive Officer, President & Non-Independent Director 1M female
John Talano Senior Vice President of Morguard Management Company Inc. 929.6K male
Paul Miatello Senior Vice President & Chief Financial Officer 654.7K male
David Wyatt Senior Vice President of Retail Leasing & Operations - MIL 570.0K male
George S. Schott President & Chief Operating Officer of Morguard Investments Ltd. 383.2K male
Margaret Knowles Senior Vice President of Development - Morguard Investments Limited 363.0K female
Beverley Gail Flynn Senior Vice President, General Counsel & Secretary female
Pamela J. McLean Senior Vice President of Finance & Chief Financial Officer of Services MIL female
Patrick Seward Vice President of Planning & Corporate Development male
Andrew Tamlin Chief Financial Officer of MRT male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits