Last C$145.50 CAD
Change Today -1.95 / -1.32%
Volume 3.3K
MRC On Other Exchanges
Symbol
Exchange
OTC US
As of 4:42 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

morguard corp (MRC) Snapshot

Open
C$147.02
Previous Close
C$147.45
Day High
C$148.47
Day Low
C$145.50
52 Week High
06/16/14 - C$156.97
52 Week Low
09/24/13 - C$108.97
Market Cap
1.8B
Average Volume 10 Days
6.0K
EPS TTM
C$12.58
Shares Outstanding
12.5M
EX-Date
09/11/14
P/E TM
11.6x
Dividend
C$0.60
Dividend Yield
0.41%
Current Stock Chart for MORGUARD CORP (MRC)

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morguard corp (MRC) Details

Morguard Corporation, a real estate investment company, acquires and owns commercial, hotel, and multi-unit residential real estate properties in Canada and the United States. The company owns a portfolio of 123 multi-unit residential, retail, hotel, office, and industrial properties, as well as holds interests in 143 acres of developable land. It also offers real estate management services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management. The company is headquartered in Mississauga, Canada.

morguard corp (MRC) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: C$2.6M
Chief Financial Officer
Total Annual Compensation: C$338.9K
Executive Vice President of Retail Asset Mana...
Total Annual Compensation: C$462.7K
Compensation as of Fiscal Year 2013.

morguard corp (MRC) Key Developments

Morguard Corp. Announces Third Quarterly 2014 Dividend, Payable on September 30, 2014; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Morguard Corp. announced that the third quarterly, eligible dividend of 2014 in the amount of USD 0.15 per common share will be paid on September 30, 2014 to shareholders of record at the close of business on September 15, 2014. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of CAD 137,072,000 against CAD 129,810,000 a year ago. Net operating income was CAD 64,427,000 against CAD 38,796,000 a year ago. Normalized net operating income was CAD 61,968,000 against CAD 55,603,000 a year ago. Funds from operations (FFO) were CAD 35,380,000 or CAD 2.83 per basic and diluted share against CAD 24,044,000 or CAD 1.89 per basic and diluted share a year ago. Normalized funds from operations were CAD 44,141,000 or CAD 3.53 per basic and diluted share against CAD 41,719,000 or CAD 3.25 per basic and diluted share a year ago. Net income attributable to common shareholders was CAD 32,141,000 or CAD 2.57 per basic and diluted share against CAD 22,971,000 or CAD 1.81 per basic and diluted share a year ago. The increase in net income of USD 9,170 for the three months ended June 30, 2014, was primarily due to an increase in net operating income of USD 25,631 and an increase in fair value gains of USD 19,264. The increase in Normalized net operating income was predominantly the result of the acquisitions of the Canadian multi-unit residential property, the five hotel properties and the 12 U.S. multi-unit residential properties purchased in 2013 and the industrial development project completed in 2013 which increased net operating income by USD 10.9 million. The increase in consolidated FFO of USD 11,336, which reflects a 47.2% increase, is mainly due to an increase in net operating income excluding the impact of IFRIC 21 of USD 24,477 and a decrease in current taxes of USD 2,971. For the six months, the company reported total revenues of CAD 277,064,000 against CAD 240,907,000 a year ago. Net operating income was CAD 110,503,000 against CAD 78,318,000 a year ago. Normalized net operating income was CAD 123,801,000 against CAD 103,393,000 a year ago. Funds from operations (FFO) were CAD 79,292,000 or CAD 6.32 per basic and diluted share against CAD 74,302,000 or CAD 5.83 per basic and diluted share a year ago. Normalized funds from operations were CAD 88,053,000 or CAD 7.02 per basic and diluted share against CAD 79,373,000 or CAD 6.23 per basic and diluted share a year ago. Net income attributable to common shareholders was CAD 58,771,000 or CAD 4.69 per basic and diluted share against CAD 122,547,000 or CAD 9.62 per basic and diluted share a year ago.

Morguard Corp. Declares Second Quarter Dividend, Payable on June 30, 2014

The board of directors of Morguard Corp. announced that the second quarterly, eligible dividend of 2014 in the amount of $0.15 per common share will be paid on June 30, 2014 to shareholders of record at the close of business on June 16, 2014.

Morguard Corp. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Morguard Corp. reported unaudited earnings results for the first quarter ended March 31, 2014. For the period, the company reported net income attributable to common shareholders was CAD 26,630,000 or CAD 2.12 per basic and diluted share on total revenues of CAD 139,992,000 against net income attributable to common shareholders was CAD 99,576,000 or CAD 7.88 per basic and diluted share on total revenues of CAD 111,447,000 a year ago. The decrease in net income of CAD 72,946,000 for the three months ended March 31, 2014, was primarily due to a decrease in fair value gains of CAD 35,268,000, an increase in interest expense of CAD 6,142,000, an increase in management and corporate expenses of CAD 1,108,000, a decrease in equity income from investments of CAD 17,257,000, a decrease in other income of CAD 19,094,000 and an increase in income taxes of CAD 2,660,000. Net operating income was CAD 46,076,000 compared to CAD 39,522,000 a year ago. Funds from operations were CAD 43,856,000 or CAD 3.49 per basic and diluted share compared to funds from operations was CAD 50,338,000 or CAD 3.99 per basic and diluted share a year ago.

 

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MRC

Industry Average

Valuation MRC Industry Range
Price/Earnings 8.0x
Price/Sales 2.8x
Price/Book 0.7x
Price/Cash Flow 7.8x
TEV/Sales NM Not Meaningful
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