Company Morguard Corporation

Equities

MRC

CA6175771014

Real Estate Development & Operations

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Holdings

Company contact information

Group companies

Sector

Sales per Business

Sales per region

Chiffre d''affaires - Rate of surprise

Sector Other Real Estate Development & Operations

Market Closed - Toronto S.E. Other stock markets 03:35:24 2024-04-26 pm EDT			5-day change	1st Jan Change
110.3 ^CAD	-0.77%		-2.51%	+4.08%

Apr. 18	Morguard's Credit Ratings Confirmed at DBRS	MT
Mar. 26	Morguard Names COO	MT

Morguard Corporation is a Canada-based real estate company. The Companyâs principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust.

CAD in Million	2022	Weight	2023	Weight	Delta
Multi-suite Residential 42.1 %	436	40.4 %	490	42.1 %	+12.36%
Office 22.2 %	239	22.2 %	258	22.2 %	+7.64%
Retail 21.8 %	228	21.1 %	253	21.8 %	+11.22%
Hotel 13.9 %	162	15.0 %	162	13.9 %	-0.35%

CAD in Million	2022	Weight	2023	Weight	Delta
Canada 68.4 %	762	70.6 %	795	68.4 %	+4.35%
United States 31.6 %	317	29.4 %	368	31.6 %	+15.93%

Managers	Title	Age	Since
Rai Sahi CEO	Chief Executive Officer	77	90-08-30
Christopher A. Newman DFI	Director of Finance/CFO	-	14-12-31
Paul A. Miatello DFI	Director of Finance/CFO	-	06-05-23
Angela Sahi PSD	President	-	94-12-31
Keith Reading CTO	Chief Tech/Sci/R&D Officer	-	08-08-31
Beverley G. Flynn IRO	Public Communications Contact	-	03-06-30
Jordanna Grant SAM	Sales & Marketing	-	-
Amanda Punch PRN	Corporate Officer/Principal	-	12-09-30
Megan Rattenbury PRN	Corporate Officer/Principal	-	17-12-31
Kelly Pekalski PRN	Corporate Officer/Principal	-	17-09-30

Members of the board	Title	Age	Since
Rai Sahi CEO	Chief Executive Officer	77	90-08-30
Chris J. Cahill BRD	Director/Board Member	70	15-05-12
Bruce Robertson BRD	Director/Board Member	57	10-05-17
William Braithwaite BRD	Director/Board Member	71	20-05-05
Leonard Sharpe BRD	Director/Board Member	77	10-11-01
Stephen R. Taylor BRD	Director/Board Member	-	98-12-31
Angela Sahi PSD	President	-	94-12-31

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	10,813,391	2,921,046 ( 27.01 %)	0	27.01 %

Name	Equities	%	Valuation
Rai Sahi 61.88 %	6,691,000	61.88 %	588 M $
G2S2 Capital, Inc. 10.28 %	1,111,627	10.28 %	98 M $
Cap West SA 0.8517 %	92,100	0.8517 %	8 M $
Bruce Robertson 0.2685 %	29,038	0.2685 %	3 M $
BFT Investment Managers SA 0.2580 %	27,897	0.2580 %	2 M $
Stephen R. Taylor 0.2121 %	22,930	0.2121 %	2 M $
Manulife Investment Management Ltd. 0.2077 %	22,460	0.2077 %	2 M $
George Armoyan 0.1184 %	12,800	0.1184 %	1 M $
Chris J. Cahill 0.0291 %	3,150	0.0291 %	276 759 $
William Braithwaite 0.0277 %	3,000	0.0277 %	263 580 $

Name	Equities	%	Valuation
MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST 100.00%	17,223,090	100.00%	203,146,347 $
MORGUARD REAL ESTATE INVESTMENT TRUST 65.31%	41,977,862	65.31%	166,022,444 $
PLAZA RETAIL REIT 15.27%	16,857,800	15.27%	45,010,326 $

Morguard Corp.

55 City Centre Drive Suite 1000

L5B 1M3, Mississauga

+905-281-3800

http://www.morguard.com

Name	Category and Sector
Morguard Hotels Ltd.
Morguard Monterra LLC Morguard Monterra LLC Hotels/Resorts/Cruise linesConsumer Services Morguard Monterra LLC operates hotels and restaurants. The private company is located in the US.	Hotels/Resorts/Cruise lines
EGH Health Partners, Inc.

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

110.3 CAD

Average target price

135 CAD

Spread / Average Target

+22.39%

Consensus

Company calendar

Real Estate

Real Estate

Real Estate Operations

Real Estate Development & Operations

Other Real Estate Development & Operations

	1st Jan change	Capi.
MORGUARD CORPORATION	+4.08%	871M
MITSUI FUDOSAN CO., LTD.	+36.16%	27.94B
SUN HUNG KAI PROPERTIES LIMITED	-13.74%	26.97B
DLF LIMITED	+25.00%	26.95B
CHINA RESOURCES LAND LIMITED	-0.71%	25.32B
MITSUBISHI ESTATE CO., LTD.	+44.49%	22.58B
EMAAR PROPERTIES	+2.78%	19.59B
CHINA OVERSEAS LAND & INVESTMENT LTD.	+1.45%	19.52B
SUMITOMO REALTY & DEVELOPMENT CO., LTD.	+28.54%	16.23B
CK ASSET HOLDINGS LIMITED	-14.80%	14.98B

Other Real Estate Development & Operations