Morguard Real Estate Investment Trust (Morguard Real Estate Investment Trust) ROE %

: -11.43% (As of Dec. 2023)

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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Morguard Real Estate Investment Trust's annualized net income for the quarter that ended in Dec. 2023 was $-82.9 Mil. Morguard Real Estate Investment Trust's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $725.1 Mil. Therefore, Morguard Real Estate Investment Trust's annualized ROE % for the quarter that ended in Dec. 2023 was -11.43%.

The historical rank and industry rank for Morguard Real Estate Investment Trust's ROE % or its related term are showing as below:

MGRUF' s ROE % Range Over the Past 10 Years
Min: -26.52 Med: 1.32 Max: 7.21
Current: -7.32

During the past 13 years, Morguard Real Estate Investment Trust's highest ROE % was 7.21%. The lowest was -26.52%. And the median was 1.32%.

MGRUF's ROE % is ranked worse than
84.5% of 800 companies
in the REITs industry
Industry Median: 4.305 vs MGRUF: -7.32

Morguard Real Estate Investment Trust ROE % Historical Data

The historical data trend for Morguard Real Estate Investment Trust's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Morguard Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROE %

0.96

-26.94

0.42

-7.57

-7.45

Morguard Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROE %																-34.34	-1.96	-0.71	-15.49	-11.43

Competitive Comparison

For the REIT - Diversified subindustry, Morguard Real Estate Investment Trust's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Morguard Real Estate Investment Trust ROE % Distribution

For the REITs industry and Real Estate sector, Morguard Real Estate Investment Trust's ROE % distribution charts can be found below:

* The bar in red indicates where Morguard Real Estate Investment Trust's ROE % falls into.

Morguard Real Estate Investment Trust ROE % Calculation

Morguard Real Estate Investment Trust's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %	=	Net Income (A: Dec. 2023 )	/	( (Total Stockholders Equity (A: Dec. 2022 )	+	Total Stockholders Equity (A: Dec. 2023 ))	/ count )
	=	-55.49	/	( (773.521	+	716.447)	/ 2 )
	=	-55.49	/	744.984
	=	-7.45 %

Morguard Real Estate Investment Trust's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %	=	Net Income (Q: Dec. 2023 )	/	( (Total Stockholders Equity (Q: Sep. 2023 )	+	Total Stockholders Equity (Q: Dec. 2023 ))	/ count )
	=	-82.872	/	( (733.717	+	716.447)	/ 2 )
	=	-82.872	/	725.082
	=	-11.43 %

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.

Morguard Real Estate Investment Trust (OTCPK:MGRUF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

	ROE %		(Q: Dec. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-82.872	/	725.082
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-82.872 / 196.352)	*	(196.352 / 1707.6125)	*	(1707.6125 / 725.082)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-42.21 %	*	0.115	*	2.3551
=	ROA %	*	Equity Multiplier
=	-4.85 %	*	2.3551
=	-11.43 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

	ROE %		(Q: Dec. 2023 )
=	Net Income	/	Total Stockholders Equity
=	-82.872	/	725.082
=	(Net Income / Pre-Tax Income)	*	(Pre-Tax Income / Operating Income)	*	(Operating Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-82.872 / -82.872)	*	(-82.872 / 96.964)	*	(96.964 / 196.352)	*	(196.352 / 1707.6125)	*	(1707.6125 / 725.082)
=	Tax Burden	*	Interest Burden	*	Operating Margin %	*	Asset Turnover	*	Equity Multiplier
=	1	*	-0.8547	*	49.38 %	*	0.115	*	2.3551
=	-11.43 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
^* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.

Morguard Real Estate Investment Trust ROE % Related Terms

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Morguard Real Estate Investment Trust (Morguard Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Morguard Real Estate Investment Trust (OTCPK:MGRUF) » Definitions » ROE %

Comparable Companies

Traded in Other Exchanges

MRT.UN:Canada

Address

55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3

Website

https://www.morguard.com

Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It generates maximum revenue from the Retail segment.