MORGUARD REAL ESTATE-TR UTS (MRT-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:MRT-UN - CA6179141065 - REIT
6.37 CAD
+0.11 (+1.76%)
Overall MRT-UN gets a fundamental rating of 3 out of 10. We evaluated MRT-UN against 37 industry peers in the Diversified REITs industry. MRT-UN may be in some trouble as it scores bad on both profitability and health. MRT-UN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MRT-UN has reported negative net income.
MRT-UN had a positive operating cash flow in the past year.
MRT-UN had negative earnings in 4 of the past 5 years.
MRT-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MRT-UN has a Return On Assets (-2.03%) which is in line with its industry peers.
MRT-UN's Return On Equity of -5.06% is in line compared to the rest of the industry. MRT-UN outperforms 45.95% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.23%, MRT-UN is in the better half of the industry, outperforming 62.16% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MRT-UN is in line with the industry average of 5.53%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.03% | ||
| ROE | -5.06% | ||
| ROIC | 4.23% |
ROA(3y)-3.2%
ROA(5y)-4.67%
ROE(3y)-7.53%
ROE(5y)-10.61%
ROIC(3y)4.53%
ROIC(5y)4.4%
1.3 Margins
Looking at the Operating Margin, with a value of 46.06%, MRT-UN is in line with its industry, outperforming 43.24% of the companies in the same industry.
In the last couple of years the Operating Margin of MRT-UN has declined.
MRT-UN has a worse Gross Margin (47.63%) than 75.68% of its industry peers.
MRT-UN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 46.06% | ||
| PM (TTM) | N/A | ||
| GM | 47.63% |
OM growth 3Y-1.47%
OM growth 5Y-1.92%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.99%
GM growth 5Y-2.03%
2. Health
2.1 Basic Checks
MRT-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for MRT-UN has been reduced compared to 1 year ago.
MRT-UN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MRT-UN is higher compared to a year ago.
2.2 Solvency
MRT-UN has an Altman-Z score of 0.41. This is a bad value and indicates that MRT-UN is not financially healthy and even has some risk of bankruptcy.
MRT-UN has a Altman-Z score (0.41) which is comparable to the rest of the industry.
The Debt to FCF ratio of MRT-UN is 27.11, which is on the high side as it means it would take MRT-UN, 27.11 years of fcf income to pay off all of its debts.
MRT-UN's Debt to FCF ratio of 27.11 is on the low side compared to the rest of the industry. MRT-UN is outperformed by 70.27% of its industry peers.
A Debt/Equity ratio of 1.18 is on the high side and indicates that MRT-UN has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.18, MRT-UN is in line with its industry, outperforming 48.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 27.11 | ||
| Altman-Z | 0.41 |
ROIC/WACC0.72
WACC5.87%
2.3 Liquidity
A Current Ratio of 0.07 indicates that MRT-UN may have some problems paying its short term obligations.
MRT-UN's Current ratio of 0.07 is on the low side compared to the rest of the industry. MRT-UN is outperformed by 78.38% of its industry peers.
A Quick Ratio of 0.07 indicates that MRT-UN may have some problems paying its short term obligations.
The Quick ratio of MRT-UN (0.07) is worse than 78.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
MRT-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.75%, which is quite impressive.
The Revenue has decreased by -5.37% in the past year.
MRT-UN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.04% yearly.
EPS 1Y (TTM)21.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-55.99%
Revenue 1Y (TTM)-5.37%
Revenue growth 3Y2.39%
Revenue growth 5Y-1.04%
Sales Q2Q%-8.86%
3.2 Future
MRT-UN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 118.98% yearly.
MRT-UN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.11% yearly.
EPS Next Y170%
EPS Next 2Y211.45%
EPS Next 3Y118.98%
EPS Next 5YN/A
Revenue Next Year-11.35%
Revenue Next 2Y-3.98%
Revenue Next 3Y-1.11%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
MRT-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 8.19, the valuation of MRT-UN can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MRT-UN indicates a rather cheap valuation: MRT-UN is cheaper than 100.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.35. MRT-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.19 |
4.2 Price Multiples
MRT-UN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MRT-UN is cheaper than 89.19% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MRT-UN is valued a bit cheaper than the industry average as 75.68% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.19 | ||
| EV/EBITDA | 13.54 |
4.3 Compensation for Growth
MRT-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MRT-UN's earnings are expected to grow with 118.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y211.45%
EPS Next 3Y118.98%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.49%, MRT-UN is a good candidate for dividend investing.
With a Dividend Yield of 4.49, MRT-UN pays less dividend than the industry average, which is at 7.06. 83.78% of the companies listed in the same industry pay a better dividend than MRT-UN!
Compared to an average S&P500 Dividend Yield of 2.00, MRT-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
5.2 History
The dividend of MRT-UN decreases each year by -24.29%.
MRT-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
MRT-UN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-24.29%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
The earnings of MRT-UN are negative and hence is the payout ratio. MRT-UN will probably not be able to sustain this dividend level.
DP-18.03%
EPS Next 2Y211.45%
EPS Next 3Y118.98%
TSX:MRT-UN (12/30/2025, 7:00:00 PM)
6.37
+0.11 (+1.76%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.88%
Inst Owner ChangeN/A
Ins Owners16.25%
Ins Owner ChangeN/A
Market Cap420.87M
Revenue(TTM)243.77M
Net Income(TTM)-44.09M
Analysts50
Price Target5.95 (-6.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
Yearly Dividend0.24
Dividend Growth(5Y)-24.29%
DP-18.03%
Div Incr Years1
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)9.38%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-41.67%
EPS NY rev (3m)-41.67%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.19 | ||
| P/S | 1.73 | ||
| P/FCF | 9.19 | ||
| P/OCF | 9.19 | ||
| P/B | 0.48 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 13.54 |
EPS(TTM)-0.69
EYN/A
EPS(NY)0.78
Fwd EY12.21%
FCF(TTM)0.69
FCFY10.88%
OCF(TTM)0.69
OCFY10.88%
SpS3.69
BVpS13.19
TBVpS13.19
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.03% | ||
| ROE | -5.06% | ||
| ROCE | 6.32% | ||
| ROIC | 4.23% | ||
| ROICexc | 4.25% | ||
| ROICexgc | 4.25% | ||
| OM | 46.06% | ||
| PM (TTM) | N/A | ||
| GM | 47.63% | ||
| FCFM | 18.78% |
ROA(3y)-3.2%
ROA(5y)-4.67%
ROE(3y)-7.53%
ROE(5y)-10.61%
ROIC(3y)4.53%
ROIC(5y)4.4%
ROICexc(3y)4.55%
ROICexc(5y)4.42%
ROICexgc(3y)4.55%
ROICexgc(5y)4.42%
ROCE(3y)6.57%
ROCE(5y)6.31%
ROICexgc growth 3Y6.46%
ROICexgc growth 5Y4.22%
ROICexc growth 3Y6.46%
ROICexc growth 5Y4.22%
OM growth 3Y-1.47%
OM growth 5Y-1.92%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.99%
GM growth 5Y-2.03%
F-Score4
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 27.11 | ||
| Debt/EBITDA | 9.16 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.85 | ||
| Cash Conversion | 40.75% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 0.41 |
F-Score4
WACC5.87%
ROIC/WACC0.72
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)21.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-55.99%
EPS Next Y170%
EPS Next 2Y211.45%
EPS Next 3Y118.98%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.37%
Revenue growth 3Y2.39%
Revenue growth 5Y-1.04%
Sales Q2Q%-8.86%
Revenue Next Year-11.35%
Revenue Next 2Y-3.98%
Revenue Next 3Y-1.11%
Revenue Next 5YN/A
EBIT growth 1Y-9.88%
EBIT growth 3Y0.89%
EBIT growth 5Y-2.94%
EBIT Next Year-10.49%
EBIT Next 3Y-0.2%
EBIT Next 5YN/A
FCF growth 1Y-31.07%
FCF growth 3Y-12.1%
FCF growth 5Y-9.44%
OCF growth 1Y-31.07%
OCF growth 3Y-12.1%
OCF growth 5Y-9.44%
MORGUARD REAL ESTATE-TR UTS / MRT-UN.CA FAQ
What is the fundamental rating for MRT-UN stock?
ChartMill assigns a fundamental rating of 3 / 10 to MRT-UN.CA.
What is the valuation status for MRT-UN stock?
ChartMill assigns a valuation rating of 6 / 10 to MORGUARD REAL ESTATE-TR UTS (MRT-UN.CA). This can be considered as Fairly Valued.
What is the profitability of MRT-UN stock?
MORGUARD REAL ESTATE-TR UTS (MRT-UN.CA) has a profitability rating of 3 / 10.
Can you provide the dividend sustainability for MRT-UN stock?
The dividend rating of MORGUARD REAL ESTATE-TR UTS (MRT-UN.CA) is 4 / 10 and the dividend payout ratio is -18.03%.