MNARF Debt-to-Equity: 0.87 (As of Mar. 2026) — 13% Below Median

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MNARF Morguard North American Residential Real Estate Investment Trust MNARF
66 GF Score
Price $12.18
GF Value $10.35
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Morguard North American Residential Real Estate Investment Trust Debt-to-Equity?

Morguard North American Residential Real Estate Investment Trust MNARF 66 Debt-to-Equity is 0.87 as of Mar. 2026, which is 13% below its 10-year median of 1.00. GuruFocus rates MNARF with a GF Score™ of 66/100 and a GF Value™ of $10.35 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 684 REITs companies, Morguard North American Residential Real Estate Investment Trust ranks worse than 59.36% on this metric.

Morguard North American Residential Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $140.1 Mil. Morguard North American Residential Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $1,158.2 Mil. Morguard North American Residential Real Estate Investment Trust's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $1,491.1 Mil. Morguard North American Residential Real Estate Investment Trust's debt to equity for the quarter that ended in Mar. 2026 was 0.87.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

MNARF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75   Med: 1   Max: 2
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of Morguard North American Residential Real Estate Investment Trust was 2.00. The lowest was 0.75. And the median was 1.00.

MNARF's Debt-to-Equity is ranked worse than
59.36% of 684 companies
in the REITs industry
Industry Median: 0.78 vs MNARF: 0.87

Morguard North American Residential Real Estate Investment Trust  (OTCPK:MNARF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Morguard North American Residential Real Estate Investment Trust Debt-to-Equity Related Terms


Morguard North American Residential Real Estate Investment Trust Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Morguard North American Residential Real Estate Investment Trust's Debt-to-Equity 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 Debt-to-Equity Chart

Morguard North American Residential Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.85 0.84 0.90 0.89

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
Debt-to-Equity 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 0.91 0.90 0.90 0.89 0.87

MNARF vs AVB, EQR, ESS: Debt-to-Equity Comparison

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

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

* The bar in red indicates where Morguard North American Residential Real Estate Investment Trust's Debt-to-Equity falls into.


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

Debt to Equity measures the financial leverage a company has.

Morguard North American Residential Real Estate Investment Trust's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Morguard North American Residential Real Estate Investment Trust's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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 Debt-to-Equity →
What does a Debt-to-Equity of 0.87 mean?
Morguard North American Residential Real Estate Investment Trust (MNARF) has a Debt-to-Equity of 0.87 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Morguard North American Residential Real Estate Investment Trust and its competitors. This is 13% below median its historical median of 1.00. Over the past decade, Morguard North American Residential Real Estate Investment Trust's Debt-to-Equity has ranged from 0.75 to 2.00. According to the industry distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #406 out of 684 companies in the REITs industry, placing it in the top 59.4%.
Is Morguard North American Residential Real Estate Investment Trust's Debt-to-Equity too high?
Morguard North American Residential Real Estate Investment Trust's current Debt-to-Equity of 0.87 is 13% below median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 2.00. The REITs industry median Debt-to-Equity is 0.78. Morguard North American Residential Real Estate Investment Trust's value of 0.87 is 11.5% above this industry median. Based on the distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #406 out of 684 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 Debt-to-Equity compare to AVB and EQR?
According to the REITs industry distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #406 out of 684 companies for Debt-to-Equity. This places Morguard North American Residential Real Estate Investment Trust in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Morguard North American Residential Real Estate Investment Trust's value of 0.87 is 11.5% above this benchmark. Historically, Morguard North American Residential Real Estate Investment Trust's own Debt-to-Equity has ranged from 0.75 to 2.00 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.78, Morguard North American Residential Real Estate Investment Trust has consistently been above 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 Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 684 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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 Debt-to-Equity of 0.87 is 11.5% above 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Morguard North American Residential Real Estate Investment Trust and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — 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 Debt-to-Equity is 0.87, which is 13% below median its own 10-year median of 1.00. 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 $10.35, compared to a current price of $12.18 — trading 17.6% above its estimated fair value. The current Debt-to-Equity is 0.87, which is 13% below median its 10-year median of 1.00 and 11.5% above the REITs industry median of 0.78. 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 Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Morguard North American Residential Real Estate Investment Trust (MNARF), the current Debt-to-Equity is 0.87 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 17.6% above its estimated GF Value™ of $10.35. GuruFocus considers Morguard North American Residential Real Estate Investment Trust to be Modestly Overvalued.

Key valuation signals for MNARF:

  • Debt-to-Equity: 0.87 (13% below median its 10-year median of 1.00)
  • GF Value™: $10.35 vs. price of $12.18 (17.6% above fair value)
  • GF Score™: 66/100 with 10 warning signs
  • Industry Position: 11.5% above the REITs median (#406 of 684)

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

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

$12.18
Price
$10.35
GF Value