MORGUARD REAL ESTATE-TR UTS (MRT-UN.CA) Stock Fundamental Analysis
Canada - TSX:MRT-UN - CA6179141065 - REIT
5.75 CAD
-0.09 (-1.54%)
We assign a fundamental rating of 3 out of 10 to MRT-UN. MRT-UN was compared to 38 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
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
MRT-UN has a Return On Assets (-2.03%) which is in line with its industry peers.
With a Return On Equity value of -5.06%, MRT-UN perfoms like the industry average, outperforming 42.11% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.23%, MRT-UN is in the better half of the industry, outperforming 71.05% 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 5.46%.
| 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
With a Operating Margin value of 46.06%, MRT-UN perfoms like the industry average, outperforming 44.74% of the companies in the same industry.
In the last couple of years the Operating Margin of MRT-UN has declined.
Looking at the Gross Margin, with a value of 47.63%, MRT-UN is doing worse than 76.32% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MRT-UN is destroying value.
MRT-UN has less shares outstanding than it did 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
Based on the Altman-Z score of 0.39, we must say that MRT-UN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.39, MRT-UN is not doing good in the industry: 60.53% of the companies in the same industry are doing better.
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 has a Debt to FCF ratio of 27.11. This is in the lower half of the industry: MRT-UN underperforms 71.05% 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.
MRT-UN has a Debt to Equity ratio (1.18) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.18 | ||
| Debt/FCF | 27.11 | ||
| Altman-Z | 0.39 |
ROIC/WACC0.72
WACC5.86%
2.3 Liquidity
A Current Ratio of 0.07 indicates that MRT-UN may have some problems paying its short term obligations.
With a Current ratio value of 0.07, MRT-UN is not doing good in the industry: 78.95% of the companies in the same industry are doing better.
A Quick Ratio of 0.07 indicates that MRT-UN may have some problems paying its short term obligations.
With a Quick ratio value of 0.07, MRT-UN is not doing good in the industry: 78.95% of the companies in the same industry are doing better.
| 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.
Looking at the last year, MRT-UN shows a decrease in Revenue. The Revenue has decreased by -5.37% in the last year.
Measured over the past years, MRT-UN shows a decrease in Revenue. The Revenue has been decreasing by -1.04% on average per year.
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
Based on estimates for the next years, MRT-UN will show a very strong growth in Earnings Per Share. The EPS will grow by 113.27% on average per year.
Based on estimates for the next years, MRT-UN will show a decrease in Revenue. The Revenue will decrease by -1.11% on average per year.
EPS Next Y220%
EPS Next 2Y198.33%
EPS Next 3Y113.27%
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
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
MRT-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 8.25, the valuation of MRT-UN can be described as reasonable.
Based on the Price/Forward Earnings ratio, MRT-UN is valued cheaper than 97.37% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.73, MRT-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.25 |
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 89.47% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MRT-UN indicates a somewhat cheap valuation: MRT-UN is cheaper than 73.68% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.25 | ||
| EV/EBITDA | 13.15 |
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.
A more expensive valuation may be justified as MRT-UN's earnings are expected to grow with 113.27% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y198.33%
EPS Next 3Y113.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.49%, MRT-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.95, MRT-UN's dividend is way lower than its industry peers. On top of this 84.21% of the companies listed in the same industry pay a better dividend than MRT-UN!
MRT-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| 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 paid a dividend for at least 10 years, which is 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
MRT-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-18.03%
EPS Next 2Y198.33%
EPS Next 3Y113.27%
TSX:MRT-UN (11/7/2025, 7:00:00 PM)
5.75
-0.09 (-1.54%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.55%
Inst Owner ChangeN/A
Ins Owners16.34%
Ins Owner ChangeN/A
Market Cap377.77M
Revenue(TTM)243.77M
Net Income(TTM)-44.09M
Analysts50
Price Target5.44 (-5.39%)
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)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-83.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.13%
Revenue NY rev (3m)-1.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.25 | ||
| P/S | 1.55 | ||
| P/FCF | 8.25 | ||
| P/OCF | 8.25 | ||
| P/B | 0.43 | ||
| P/tB | 0.43 | ||
| EV/EBITDA | 13.15 |
EPS(TTM)-0.69
EYN/A
EPS(NY)0.7
Fwd EY12.12%
FCF(TTM)0.7
FCFY12.12%
OCF(TTM)0.7
OCFY12.12%
SpS3.71
BVpS13.27
TBVpS13.27
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 | 0.39 |
F-Score4
WACC5.86%
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 Y220%
EPS Next 2Y198.33%
EPS Next 3Y113.27%
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-15.07%
EBIT Next 3Y-0.38%
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%.