MNARF Days Payable: 66.74 (As of Mar. 2026) — 32% Below Median


MNARF Morguard North American Residential Real Estate Investment Trust MNARF
66 GF Score
Price $12.18
GF Value $10.69
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Morguard North American Residential Real Estate Investment Trust Days Payable?

Morguard North American Residential Real Estate Investment Trust MNARF 66 Days Payable is 66.74 as of Mar. 2026, which is 32% below its 10-year median of 98.83. GuruFocus rates MNARF with a GF Score™ of 66/100 and a GF Value™ of $10.69 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 548 REITs companies, Morguard North American Residential Real Estate Investment Trust ranks worse than 52.37% on this metric.

Morguard North American Residential Real Estate Investment Trust's average Accounts Payable for the three months ended in Mar. 2026 was $37.9 Mil. Morguard North American Residential Real Estate Investment Trust's Cost of Goods Sold for the three months ended in Mar. 2026 was $51.8 Mil. Hence, Morguard North American Residential Real Estate Investment Trust's Days Payable for the three months ended in Mar. 2026 was 66.74.

The historical rank and industry rank for Morguard North American Residential Real Estate Investment Trust's Days Payable or its related term are showing as below:

MNARF' s Days Payable Range Over the Past 10 Years
Min: 71.19   Med: 98.83   Max: 115.08
Current: 112.68

During the past 13 years, Morguard North American Residential Real Estate Investment Trust's highest Days Payable was 115.08. The lowest was 71.19. And the median was 98.83.

MNARF's Days Payable is ranked worse than
52.37% of 548 companies
in the REITs industry
Industry Median: 119.835 vs MNARF: 112.68

Morguard North American Residential Real Estate Investment Trust's Days Payable declined from Mar. 2025 (72.29) to Mar. 2026 (66.74). It may suggest that Morguard North American Residential Real Estate Investment Trust accelerated paying its suppliers.


Morguard North American Residential Real Estate Investment Trust Days Payable Related Terms


Morguard North American Residential Real Estate Investment Trust Days Payable Historical Data

* Premium members only.

The historical data trend for Morguard North American Residential Real Estate Investment Trust's Days Payable 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.

Morguard North American Residential Real Estate Investment Trust Days Payable Chart

Morguard North American Residential Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93.68 103.61 94.79 111.01 113.11

Morguard North American Residential Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.29 132.28 146.17 154.95 66.74

MNARF vs AVB, EQR, ESS: Days Payable Comparison

For the REIT - Residential subindustry, Morguard North American Residential Real Estate Investment Trust's Days Payable, along with its competitors' market caps and Days Payable 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 North American Residential Real Estate Investment Trust Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Morguard North American Residential Real Estate Investment Trust's Days Payable distribution charts can be found below:

* The bar in red indicates where Morguard North American Residential Real Estate Investment Trust's Days Payable falls into.


MNARF
66GF Score
Morguard North American Residential Real Estate Investment Trust MNARF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Morguard North American Residential Real Estate Investment Trust Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Morguard North American Residential Real Estate Investment Trust's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (44.961 + 39.575) / 2 ) / 136.392*365
=42.268 / 136.392*365
=113.11

Morguard North American Residential Real Estate Investment Trust's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (39.575 + 36.183) / 2 ) / 51.789*365 / 4
=37.879 / 51.789*365 / 4
=66.74

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 66.74 mean?
Morguard North American Residential Real Estate Investment Trust (MNARF) has a Days Payable of 66.74 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Morguard North American Residential Real Estate Investment Trust and its competitors. This is 32% below median its historical median of 98.83. Over the past decade, Morguard North American Residential Real Estate Investment Trust's Days Payable has ranged from 71.19 to 115.08. According to the industry distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #287 out of 548 companies in the REITs industry, placing it in the top 52.4%.
Is Morguard North American Residential Real Estate Investment Trust's Days Payable too high?
Morguard North American Residential Real Estate Investment Trust's current Days Payable of 66.74 is 32% below median its 10-year median of 98.83. Over the past 10 years, this metric has ranged from a low of 71.19 to a high of 115.08. The REITs industry median Days Payable is 119.84. Morguard North American Residential Real Estate Investment Trust's value of 66.74 is 44.3% below this industry median. Based on the distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #287 out of 548 companies in the REITs industry, which is below the industry midpoint. Overall, Morguard North American Residential Real Estate Investment Trust has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morguard North American Residential Real Estate Investment Trust's Days Payable compare to AVB and EQR?
According to the REITs industry distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #287 out of 548 companies for Days Payable. This places Morguard North American Residential Real Estate Investment Trust in the lower half of its industry. The industry median Days Payable is 119.84. Morguard North American Residential Real Estate Investment Trust's value of 66.74 is 44.3% below this benchmark. Historically, Morguard North American Residential Real Estate Investment Trust's own Days Payable has ranged from 71.19 to 115.08 over the past decade. While the company's 10-year median is 98.83 vs. the industry median of 119.84, Morguard North American Residential Real Estate Investment Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.84, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morguard North American Residential Real Estate Investment Trust's current Days Payable of 66.74 is 44.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Morguard North American Residential Real Estate Investment Trust and its competitors. For the REITs industry, the median Days Payable is 119.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morguard North American Residential Real Estate Investment Trust's current Days Payable is 66.74, which is 32% below median its own 10-year median of 98.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morguard North American Residential Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Morguard North American Residential Real Estate Investment Trust (MNARF) is currently considered Modestly Overvalued. The stock's GF Value™ is $10.69, compared to a current price of $12.18 — trading 13.9% above its estimated fair value. The current Days Payable is 66.74, which is 32% below median its 10-year median of 98.83 and 44.3% below the REITs industry median of 119.84. Morguard North American Residential Real Estate Investment Trust's overall GF Score™ is 66/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Morguard North American Residential Real Estate Investment Trust (MNARF), the current Days Payable is 66.74 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Morguard North American Residential Real Estate Investment Trust (MNARF) Overvalued in 2026?

Based on GuruFocus' analysis, Morguard North American Residential Real Estate Investment Trust stock appears to be overvalued. The current stock price of $12.18 is trading 13.9% above its estimated GF Value™ of $10.69. GuruFocus considers Morguard North American Residential Real Estate Investment Trust to be Modestly Overvalued.

Key valuation signals for MNARF:

  • Days Payable: 66.74 (32% below median its 10-year median of 98.83)
  • GF Value™: $10.69 vs. price of $12.18 (13.9% above fair value)
  • GF Score™: 66/100 with 10 warning signs
  • Industry Position: 44.3% below the REITs median (#287 of 548)

No single metric tells the full story. See the MNARF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morguard North American Residential Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges MRG.UN:Canada
Address 55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3
Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. It acquires, develops, owns and manages multi-suite residential, commercial and hotel properties and serves as a real estate investment advisor and management company. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the majority of revenue.
66GF Score

Get the complete analysis for MNARF

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.18
Price
$10.69
GF Value