The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management. The REIT's portfolio is comprised of 13,089 residential suites and 229,500 square feet of commercial area (as of October 24, 2023) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $4.0 billion at September 30, 2023.
Stock data | 2023 | Change |
---|---|---|
Price | $13.97 | N/A |
Market Cap | $527.19M | N/A |
Shares Outstanding | 37.74M | -3.52% |
Employees | 0 | N/A |
Valuation | 2023 | Change |
---|---|---|
P/E Ratio | 2.99 | N/A |
P/S Ratio | 2.16 | N/A |
Earnings | 2023 | Change |
---|---|---|
Revenue | $243.58M | N/A |
Earnings | $136.09M | N/A |
EPS | 4.67 | N/A |
Earnings Yield | 0.3345 | N/A |
Gross Margin | 0.4772 | N/A |
Operating Margin | 0.4772 | N/A |
Net income margin | 0.5587 | N/A |