Morguard North American Residential REIT (MRG.UN) Facts

Is Morguard North American Residential REIT's distribution safe?

Morguard North American Residential REIT (MRG.UN) currently screens as covered under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of March 31, 2026. The public inputs on this sheet show AFFO payout ratio not available and FFO payout ratio 48.0% from that extraction period, plus Distribution Yield 4.84% from the public market snapshot as of August 25, 2026; the engine driver summary is FFO payout 48%: Comfortably covered by adjusted cash flow. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is Morguard North American Residential REIT trading below Reported NAV?

Morguard North American Residential REIT (MRG.UN) has Price / Reported NAV of not available, using price $16.19 from the public market snapshot as of August 25, 2026 and Reported NAV / Unit not available from issuer filings as of December 31, 2025. The Reported NAV comparison is unavailable because the public row is missing Price / Reported NAV or a positive Reported NAV / Unit. This uses issuer-reported Reported NAV only, not REIT Stack Real Estate NAV or Market-Implied NAV.

Reported NAV, Real Estate NAV, and Market-Implied NAV taxonomy

What does Morguard North American Residential REIT own?

Morguard North American Residential REIT (MRG.UN) describes its portfolio this way: Morguard North American Residential REIT is a Canadian-listed REIT owning apartment communities in major Canadian cities and the United States, externally managed by Morguard Corporation. The trust's approximately 12,500 residential suites span Ontario, Alberta, and multiple US states including Colorado, Louisiana, North Carolina, Texas, and Virginia, providing investors broad geographic diversification across the residential asset class under CEO Angela Sahi. The same public row lists Market Cap $844M as of August 25, 2026 and sector Residential; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.