MRT.UN stock dividend – Morguard Real Estate Investment Trust Declares 0.02 Cash Dividend
March 20, 2023
Dividends Yield
On March 16th 2023, Morguard Real Estate ($TSX:MRT.UN) Investment Trust declared a 0.02 cash dividend, which follows the annual dividend per share of 0.24 CAD that the trust has issued for the past three years. This dividend yield of 4.57% makes it an attractive option for investors who are looking for high dividend stocks to add to their portfolio. The ex-dividend date for this dividend is March 30th 2023, so you must own the stock before then in order to qualify for the dividend payout.
Morguard Real Estate Investment Trust is a Canadian REIT that invests in a diversified portfolio of quality real estate assets located in major urban markets across Canada, including office, retail, industrial and residential assets. The trust focuses on creating and growing long-term value for its shareholders by increasing the income, value, and cash flow of its investments while managing financial risk prudently.
Price History
This was announced in conjunction with the stock’s opening and closing price at CA$5.3 per share, which was a 0.4% increase from the prior closing price. MREIT is a real estate investment trust based in Canada that invests in real estate assets and other related investments, including mortgage financing and other real estate-related investments. The company operates through four operating segments: Office, Retail, Multi-Residential, and other. The dividend payment is expected to provide investors with an additional source of income and is expected to maintain the trust’s financial stability.
Furthermore, MREIT is committed to providing its shareholders with a consistent and secure dividend. This dividend declaration reflects the trust’s commitment to its investors and its dedication to delivering returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MRT.UN. More…
| Total Revenues | Net Income | Net Margin |
| 242.63 | -86.1 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MRT.UN. More…
| Operations | Investing | Financing |
| 73.97 | -32.42 | -43.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MRT.UN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.38k | 1.33k | 17.95 |
Key Ratios Snapshot
Some of the financial key ratios for MRT.UN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 48.8% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we provide our users with thorough financial analysis of companies they are interested in. Let us take a closer look at MORGUARD REAL ESTATE INVESTMENT TRUST. This makes it a “cow”, a type of company that has the track record of paying out consistent and sustainable dividends. Investors who are looking for reliable dividend income streams would be interested in this company. On the other hand, our health score for MORGUARD REAL ESTATE INVESTMENT TRUST is 4/10, indicating that it has an intermediate health score considering its cashflows and debt and is likely to pay off debt and fund future operations. More…
Peers
Its competitors include BTB Real Estate Investment Trust, PRO Real Estate Investment Trust, and Melcor Real Estate Investment Trust. While each company has its own strengths and weaknesses, Morguard has proven to be a powerful force in the industry.
– BTB Real Estate Investment Trust ($TSX:BTB.UN)
BTB Real Estate Investment Trust, Canada’s largest real estate investment trust, is a leading provider of commercial real estate solutions across the country. The company owns and operates a diversified portfolio of properties in major urban centres, including office, retail, and industrial properties. BTB’s market cap is $286.39M as of 2022. The company has a strong track record of delivering value to its shareholders, and its diversified portfolio and experienced management team provide a solid foundation for future growth.
– PRO Real Estate Investment Trust ($TSX:PRV.UN)
H&R REIT is a real estate investment trust that owns, operates, and develops a portfolio of office, retail, and industrial properties. The company has a market cap of $349.49 million as of 2022. H&R REIT’s portfolio includes properties in Canada, the United States, and Europe. The company was founded in 1996 and is headquartered in Toronto, Canada.
– Melcor Real Estate Investment Trust ($TSX:MR.UN)
Melcor Real Estate Investment Trust has a market cap of $73.89M as of 2022. The company is a real estate investment trust that invests in, owns, and manages a portfolio of income-producing real estate assets in Canada. The company’s portfolio consists of office, retail, and industrial properties.
Summary
MORGUARD REAL ESTATE INVESTMENT TRUST is a stock worth considering for those investors looking for a higher dividend yield. The company has issued an annual dividend per share of 0.24 CAD for the past three years, which translates to an average yield of 4.57%. This is substantially higher than traditional investments such as bonds and certificates of deposits, making MORGUARD REAL ESTATE INVESTMENT TRUST an attractive investment for those looking for income from their portfolio. As with any investment, investors should do their due diligence and consider all factors before investing, such as the company’s financials and risk profile.
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