Morguard North American Residential REIT reports after the market closes on October 27. But the EPS consensus is based on one analyst, and the historical comparison is limited.
Morguard North American Residential Real Estate Investment Trust (TSX: MRG-UN) is set to report results for the quarter ended September 30, 2026. The calendar lists consensus EPS of C$1.72 and revenue of C$361.84 million, based on estimates from one and two analysts, respectively. The EPS estimate has risen from C$1.44 over the past 30 days. Still, it points to a 25.9% year-over-year decline. Follow the REIT’s coverage and company details on the MRG-UN stock page.
Recent earnings trend
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Morguard North American Residential Real Estate Investment Trust
MRG-UN.TO
MRG-UN.TO
Morguard North American Residential Real Estate Investment Trust
WealthAwesomeMarket cap
$995.24M
P/E
6.6x
Div. yield
5.36%
Div. / share
$0.78
52W high
$18.45
52W low
$14.31
1W change
+0.62%
Beta
0.93
Analyst Price Targets
Based on analyst covering MRG-UN · as of Sep 17, 2026
Wall Street analysts forecast MRG-UN stock price to rise 44.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$21.13
+44.2% Upside
Current Price
C$14.65
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MRG-UN's historical volatility
30-Day Vol
16.6%
Annualized
90-Day Vol
14.1%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$12.25
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$13.80 | C$13.04 – C$14.62 |
| 60 trading days | C$13.01 | C$12.00 – C$14.10 |
| 90 trading days | C$12.25 | C$11.10 – C$13.53 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2014-06-30 | 2014-08-06 | 0.0500 | 0.3300 | -84.8% |
| 2014-03-31 | 2014-05-07 | -0.0700 | 0.3100 | -122.6% |
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Investor takeaway: The report will show whether MRG-UN meets its recently raised EPS estimate, while revenue is expected to grow modestly. Historical results offer little guidance: only two comparable quarters have both actual and estimated figures, and MRG-UN missed estimates in both. That’s a caution, not a reliable forecast. For Canadian investors, the report is also a chance to assess the business behind the indicated 5.36% dividend yield. The available information doesn’t show whether cash flow covers the distribution.
C$1.72 EPS consensus, based on one analyst
The EPS estimate has climbed from C$1.44 over the past 30 days, but it remains 25.9% below year-ago EPS of C$2.32. With just one analyst contributing, it’s a limited benchmark, not a broad view of market expectations.
Bull case
The EPS estimate has risen from C$1.44 to C$1.72 in 30 days, with one upward revision and none downward. Revenue is expected to grow 2.5% year over year to C$361.84 million. Morguard also reported an update in October on a separate 431-suite rental development in Mississauga. It points to continued investment in residential properties, but first occupancy isn’t expected until fall 2027, so the project doesn’t indicate near-term quarterly earnings.
Bear case
The EPS consensus points to a 25.9% decline from year-ago EPS of C$2.32. It’s based on one analyst, and MRG-UN missed estimates in both of the two comparable quarters with reported results. That’s too little and too old to establish a current trend. MRG-UN’s last close of C$14.65 was below its 50-day and 200-day moving averages. Its 52-week low was C$14.31.
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