MORGUARD REAL ESTATE-TR UTS (MRT-UN.CA) Fundamental Analysis & Valuation

Q: What is the fundamental rating for MRT-UN stock?

ChartMill assigns a fundamental rating of 3 / 10 to MRT-UN.CA.

TSX:MRT-UN • CA6179141065

6.65 CAD

0 (0%)

Last: Apr 13, 2026, 07:00 PM

This MRT-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1. MRT-UN.CA Profitability Analysis

1.1 Basic Checks

In the past year MRT-UN has reported negative net income.
In the past year MRT-UN had a positive cash flow from operations.
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

With a Return On Assets value of -0.77%, MRT-UN perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
MRT-UN has a Return On Equity (-1.92%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 4.56%, MRT-UN is in the better half of the industry, outperforming 61.76% of the companies in the same industry.
MRT-UN had an Average Return On Invested Capital over the past 3 years of 4.63%. This is below the industry average of 6.93%.

		Industry Rank	Sector Rank
ROA	-0.77%
ROE	-1.92%
ROIC	4.56%

ROA(3y)-2.25%

ROA(5y)-2.03%

ROE(3y)-5.44%

ROE(5y)-4.82%

ROIC(3y)4.63%

ROIC(5y)4.41%

1.3 Margins

MRT-UN has a worse Operating Margin (45.10%) than 70.59% of its industry peers.
MRT-UN's Operating Margin has declined in the last couple of years.
The Gross Margin of MRT-UN (46.72%) is worse than 76.47% of its industry peers.
In the last couple of years the Gross Margin of MRT-UN has declined.

		Industry Rank	Sector Rank
OM	45.1%
PM (TTM)	N/A
GM	46.72%

OM growth 3Y-2.91%

OM growth 5Y-3.1%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-2.5%

GM growth 5Y-3.07%

More info and screens

ROA ROE ROIC Operating and Profit Margin Show most profitable peers

2. MRT-UN.CA Health Analysis

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MRT-UN is destroying value.
MRT-UN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MRT-UN has more shares outstanding
MRT-UN has a worse debt/assets ratio than last year.

2.2 Solvency

MRT-UN has an Altman-Z score of 0.29. This is a bad value and indicates that MRT-UN is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.29, MRT-UN perfoms like the industry average, outperforming 41.18% of the companies in the same industry.
The Debt to FCF ratio of MRT-UN is 30.58, which is on the high side as it means it would take MRT-UN, 30.58 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 30.58, MRT-UN is not doing good in the industry: 70.59% of the companies in the same industry are doing better.
MRT-UN has a Debt/Equity ratio of 0.96. This is a neutral value indicating MRT-UN is somewhat dependend on debt financing.
The Debt to Equity ratio of MRT-UN (0.96) is better than 61.76% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.96
Debt/FCF	30.58
Altman-Z	0.29

ROIC/WACC0.8

WACC5.72%

2.3 Liquidity

A Current Ratio of 0.04 indicates that MRT-UN may have some problems paying its short term obligations.
With a Current ratio value of 0.04, MRT-UN is not doing good in the industry: 85.29% of the companies in the same industry are doing better.
A Quick Ratio of 0.04 indicates that MRT-UN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.04, MRT-UN is doing worse than 85.29% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	0.04
Quick Ratio	0.04

More info and screens

WACC Debt/Equity How to determine the health of a company Altman-Z score Show peers with great health

3. MRT-UN.CA Growth Analysis

3.1 Past

The Earnings Per Share has grown by an impressive 74.37% over the past year.
Looking at the last year, MRT-UN shows a decrease in Revenue. The Revenue has decreased by -7.65% in the last year.
MRT-UN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.17% yearly.

EPS 1Y (TTM)74.37%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%78.37%

Revenue 1Y (TTM)-7.65%

Revenue growth 3Y-0.45%

Revenue growth 5Y-1.17%

Sales Q2Q%-6.58%

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 250.51% yearly.
MRT-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.04% yearly.

EPS Next Y1014.29%

EPS Next 2Y250.51%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year6.28%

Revenue Next 2Y5.04%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

More info and screens

Find the best growth stocks Show best growing peers

4. MRT-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

MRT-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 8.44, which indicates a very decent valuation of MRT-UN.
Based on the Price/Forward Earnings ratio, MRT-UN is valued cheaper than 97.06% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MRT-UN to the average of the S&P500 Index (37.96), we can say MRT-UN is valued rather cheaply.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	8.44

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MRT-UN indicates a rather cheap valuation: MRT-UN is cheaper than 85.29% of the companies listed in the same industry.
MRT-UN's Price/Free Cash Flow ratio is in line with the industry average.

		Industry Rank	Sector Rank
P/FCF	10.99
EV/EBITDA	14.21

4.3 Compensation for Growth

The 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 250.51% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y250.51%

EPS Next 3YN/A

More info and screens

Price/Earnings Price/FCF FCF per share EV/EBITDA PEG RATIO Show best valued peers

5. MRT-UN.CA Dividend Analysis

5.1 Amount

MRT-UN has a Yearly Dividend Yield of 4.49%, which is a nice return.
Compared to an average industry Dividend Yield of 6.49, MRT-UN is paying slightly less dividend.
MRT-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.

		Industry Rank	Sector Rank
Dividend Yield	4.49%

5.2 History

The dividend of MRT-UN decreases each year by -29.96%.
MRT-UN has been paying a dividend for at least 10 years, so it has a reliable track record.

Dividend Growth(5Y)-29.96%

Div Incr Years0

Div Non Decr Years0

5.3 Sustainability

MRT-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.

DP-22.82%

EPS Next 2Y250.51%

EPS Next 3YN/A

More info and screens

Find the best dividend stocks Show peers with best dividend

MRT-UN.CA Fundamentals: All Metrics, Ratios and Statistics

MORGUARD REAL ESTATE-TR UTS

TSX:MRT-UN (4/13/2026, 7:00:00 PM)

6.65

0 (0%)

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryDiversified REITs

Earnings (Last)02-11 2026-02-11

Earnings (Next)04-29 2026-04-29

Inst Owners0.75%

Inst Owner ChangeN/A

Ins Owners16.03%

Ins Owner ChangeN/A

Market Cap444.09M

Revenue(TTM)239.34M

Net Income(TTM)-16.56M

Analysts50

Price Target6.12 (-7.97%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	4.49%

Yearly Dividend0.06

Dividend Growth(5Y)-29.96%

DP-22.82%

Div Incr Years0

Div Non Decr Years0

Ex-Date03-31 2026-03-31 (0.02)

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)2.86%

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)0%

EPS NY rev (3m)1.3%

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)0%

Revenue NY rev (3m)4.65%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	8.44
P/S	1.86
P/FCF	10.99
P/OCF	10.99
P/B	0.51
P/tB	0.51
EV/EBITDA	14.21

EPS(TTM)-0.26

EYN/A

EPS(NY)0.79

Fwd EY11.85%

FCF(TTM)0.61

FCFY9.1%

OCF(TTM)0.61

OCFY9.1%

SpS3.58

BVpS12.95

TBVpS12.95

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector Rank
ROA	-0.77%
ROE	-1.92%
ROCE	6.88%
ROIC	4.56%
ROICexc	4.57%
ROICexgc	4.57%
OM	45.1%
PM (TTM)	N/A
GM	46.72%
FCFM	16.88%

ROA(3y)-2.25%

ROA(5y)-2.03%

ROE(3y)-5.44%

ROE(5y)-4.82%

ROIC(3y)4.63%

ROIC(5y)4.41%

ROICexc(3y)4.65%

ROICexc(5y)4.43%

ROICexgc(3y)4.65%

ROICexgc(5y)4.43%

ROCE(3y)6.83%

ROCE(5y)6.4%

ROICexgc growth 3Y2.19%

ROICexgc growth 5Y0.21%

ROICexc growth 3Y2.19%

ROICexc growth 5Y0.21%

OM growth 3Y-2.91%

OM growth 5Y-3.1%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-2.5%

GM growth 5Y-3.07%

F-Score4

Asset Turnover0.11

Health

		Industry Rank	Sector Rank
Debt/Equity	0.96
Debt/FCF	30.58
Debt/EBITDA	7.72
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	1.79
Cash Conversion	37.41%
Profit Quality	N/A
Current Ratio	0.04
Quick Ratio	0.04
Altman-Z	0.29

F-Score4

WACC5.72%

ROIC/WACC0.8

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)74.37%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%78.37%

EPS Next Y1014.29%

EPS Next 2Y250.51%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)-7.65%

Revenue growth 3Y-0.45%

Revenue growth 5Y-1.17%

Sales Q2Q%-6.58%

Revenue Next Year6.28%

Revenue Next 2Y5.04%

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y-13.41%

EBIT growth 3Y-3.35%

EBIT growth 5Y-4.23%

EBIT Next Year9.95%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-26.78%

FCF growth 3Y-18.25%

FCF growth 5Y-2.94%

OCF growth 1Y-26.78%

OCF growth 3Y-18.25%

OCF growth 5Y-2.94%

MORGUARD REAL ESTATE-TR UTS / MRT-UN.CA Fundamental Analysis FAQ

What is the fundamental rating for MRT-UN stock?

ChartMill assigns a fundamental rating of 3 / 10 to MRT-UN.CA.

Can you provide the valuation status for MORGUARD REAL ESTATE-TR UTS?

ChartMill assigns a valuation rating of 5 / 10 to MORGUARD REAL ESTATE-TR UTS (MRT-UN.CA). This can be considered as Fairly Valued.

How profitable is MORGUARD REAL ESTATE-TR UTS (MRT-UN.CA) stock?

MORGUARD REAL ESTATE-TR UTS (MRT-UN.CA) has a profitability rating of 2 / 10.

Can you provide the expected EPS growth for MRT-UN stock?

The Earnings per Share (EPS) of MORGUARD REAL ESTATE-TR UTS (MRT-UN.CA) is expected to grow by 1014.29% in the next year.