Morguard REIT (MRT.UN) Facts

Is Morguard REIT's distribution safe?

Morguard REIT (MRT.UN) currently screens as elevated risk under REIT Stack's deterministic distribution-safety methodology using extraction-period inputs as of June 30, 2026. The public inputs on this sheet show AFFO payout ratio not available and FFO payout ratio 38.7% from that extraction period, plus Distribution Yield 3.42% from the public market snapshot as of August 25, 2026; the engine driver summary is AFFO payout 248% (est.): Distribution exceeds adjusted cash flow. This verdict is a screening signal, not a credit rating or investment recommendation.

Distribution-safety methodology

Is Morguard REIT trading below Reported NAV?

Morguard REIT (MRT.UN) has Price / Reported NAV of 0.71x, using price $7.08 from the public market snapshot as of August 25, 2026 and Reported NAV / Unit $9.96 from issuer filings as of December 31, 2025. This is a 28.9% discount to Reported NAV. 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 REIT own?

Morguard REIT (MRT.UN) describes its portfolio this way: Morguard REIT is a diversified commercial REIT owning retail, office, and industrial properties across Canada, managed by Morguard Corporation under the direction of founder and controlling shareholder Kuldip Sahi. With approximately 48 properties, the trust has historically been concentrated in retail centres and suburban office assets, with ongoing portfolio management aimed at optimizing occupancy, tenant mix, and asset-level returns across its national commercial portfolio. The same public row lists Market Cap $470M as of August 25, 2026 and sector Office; property-level inventory, source breadcrumbs, and historical period detail remain in the member product.