Morguard Real Estate Investment Trust (MRT-UN) Fair Value & Analysis
Real Estate · CA · Market cap C$464M
Fair value as of: Jul 19, 2026
From 13 valuation models · updated 2 days ago
Share price +7.5% over the past month.
Price vs Fair Value (12 months)
12‑month range C$5.38 – C$7.30 · fair‑value band C$2.20 – C$15.94 · the C$7.27 price screens below the C$9.07 fair value. As of Jul 19, 2026.
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Morguard Real Estate Investment Trust (MRT-UN) currently trades at C$7.27, while our model-based Fair Value estimate is C$9.07, implying the stock looks roughly 24.8% undervalued today. We read business quality at 53/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Morguard Real Estate Investment Trust generated revenue of C$241M at a net margin of 0.5%. Revenue declined 0.3% year over year. It earns a return on equity of 0.1%. Net debt stands at C$1.2B. Fundamentals as of Jul 19, 2026
Our scenario range runs from C$2.20 (bear case) to C$15.94 (bull case); at C$7.27, the current price sits within that range. The share trades near its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 1% fair-value upside, at 25%, MRT-UN screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 19, 2026. TTM = trailing twelve months.
About the company
Morguard Real Estate Investment Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 45 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8.1 million square feet of leasable space. Morguard Real Estate Investment Trust was incorporated in 1997 in Ontario, Canada.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Morguard Real Estate Investment Trust reported revenue of C$239M in FY2025 versus C$241M in FY2021, a compound −0.2%/yr. Reported net income was −C$16.6M in FY2025.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.