See more : Hongbaoli Group Corporation, Ltd. (002165.SZ) Income Statement Analysis – Financial Results
Complete financial analysis of Morguard North American Residential Real Estate Investment Trust (MNARF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Morguard North American Residential Real Estate Investment Trust, a leading company in the REIT – Residential industry within the Real Estate sector.
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Morguard North American Residential Real Estate Investment Trust (MNARF)
About Morguard North American Residential Real Estate Investment Trust
The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management. The REIT's portfolio is comprised of 13,275 residential suites (as of October 27, 2020) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $3.1 billion at September 30, 2020.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 336.76M | 278.49M | 245.57M | 248.68M | 245.60M | 241.37M | 226.50M | 218.47M | 198.44M | 174.82M | 142.94M | 78.61M | 71.92M |
| Cost of Revenue | 151.38M | 146.63M | 130.46M | 128.39M | 127.08M | 123.44M | 116.38M | 115.16M | 104.42M | 93.06M | 75.64M | 40.29M | 35.48M |
| Gross Profit | 185.38M | 131.86M | 115.10M | 120.30M | 118.52M | 117.93M | 110.12M | 103.31M | 94.02M | 81.75M | 67.30M | 38.32M | 36.45M |
| Gross Profit Ratio | 55.05% | 47.35% | 46.87% | 48.37% | 48.26% | 48.86% | 48.62% | 47.29% | 47.38% | 46.77% | 47.08% | 48.75% | 50.67% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 21.98M | 19.36M | 14.39M | 13.63M | 13.00M | 12.29M | 11.38M | 11.08M | 9.29M | 7.82M | 4.51M | 2.06M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 21.98M | 19.36M | 14.39M | 13.63M | 13.00M | 12.29M | 11.38M | 11.08M | 9.29M | 7.82M | 4.51M | 2.06M | 0.00 |
| Other Expenses | -16.83M | 29.56M | -30.23M | 1.61M | 1.34M | -36.45M | -24.81M | -50.13M | -11.38M | -8.96M | 31.56M | -19.94M | 0.00 |
| Operating Expenses | 5.14M | 29.56M | -30.23M | 15.24M | 14.34M | 13.77M | 12.62M | 11.98M | 10.16M | 8.46M | 6.17M | 12.00K | 34.00K |
| Cost & Expenses | 156.52M | 146.63M | 130.46M | 128.39M | 127.08M | 123.44M | 116.38M | 115.16M | 104.42M | 93.06M | 75.64M | 40.30M | 35.51M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -8.95M | -1.55M |
| Interest Expense | 75.19M | 60.70M | 65.72M | 62.11M | 64.41M | 66.10M | 59.00M | 55.34M | 51.19M | 48.30M | 43.15M | 16.89M | 15.55M |
| Depreciation & Amortization | 73.79M | -2.30M | -2.61M | 10.30M | 1.41M | -118.98M | -110.12M | -103.31M | -28.87M | -24.27M | 17.08M | 12.00K | 34.00K |
| EBITDA | 254.03M | 149.68M | 68.22M | 213.21M | 135.40M | 67.22M | 71.65M | 0.00 | 75.32M | 65.94M | 100.95M | 135.74M | 117.49M |
| EBITDA Ratio | 75.43% | 53.75% | 27.78% | 56.01% | 33.32% | 27.85% | 31.64% | 20.50% | 37.95% | 37.72% | 63.34% | 12.05% | 48.52% |
| Operating Income | 180.24M | 151.22M | 129.50M | 135.53M | 132.86M | 131.69M | 122.74M | 115.29M | 104.18M | 90.22M | 73.46M | 40.38M | 36.45M |
| Operating Income Ratio | 53.52% | 54.30% | 52.73% | 54.50% | 54.10% | 54.56% | 54.19% | 52.77% | 52.50% | 51.61% | 51.39% | 51.37% | 50.67% |
| Total Other Income/Expenses | 13.12M | 158.69M | 181.00M | 28.98M | -32.26M | 79.25M | 30.88M | -38.41M | -20.98M | -16.33M | -7.39M | 77.13M | 65.46M |
| Income Before Tax | 193.36M | 309.90M | 310.49M | 164.51M | 86.35M | 198.23M | 153.61M | 64.90M | 73.04M | 65.43M | 66.07M | 114.33M | 101.90M |
| Income Before Tax Ratio | 57.42% | 111.28% | 126.44% | 66.15% | 35.16% | 82.13% | 67.82% | 29.70% | 36.81% | 37.43% | 46.22% | 145.43% | 141.68% |
| Income Tax Expense | 8.08M | 70.34M | 65.52M | -2.29M | 6.23M | 23.52M | -19.52M | 32.92M | 33.36M | 26.22M | 8.53M | -73.45M | 15.10M |
| Net Income | 176.34M | 219.28M | 242.09M | 175.22M | 76.82M | 172.23M | 160.44M | 29.26M | 38.78M | 38.16M | 56.38M | 187.78M | 86.80M |
| Net Income Ratio | 52.36% | 78.74% | 98.58% | 70.46% | 31.28% | 71.35% | 70.83% | 13.39% | 19.54% | 21.83% | 39.44% | 238.87% | 120.69% |
| EPS | 4.67 | 5.61 | 6.20 | 4.49 | 1.97 | 5.11 | 4.76 | 1.00 | 1.32 | 1.30 | 1.93 | 8.95 | 10.52 |
| EPS Diluted | 4.67 | 5.61 | 6.20 | 4.49 | 1.97 | 5.11 | 4.76 | 1.00 | 1.32 | 1.30 | 1.93 | 8.95 | 10.52 |
| Weighted Avg Shares Out | 37.74M | 39.11M | 39.06M | 39.02M | 38.98M | 33.72M | 33.69M | 29.29M | 29.34M | 29.31M | 29.29M | 20.98M | 8.25M |
| Weighted Avg Shares Out (Dil) | 37.74M | 39.11M | 39.06M | 39.02M | 38.98M | 33.72M | 33.69M | 29.29M | 29.34M | 29.31M | 29.29M | 20.98M | 8.25M |
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