MNARF Dividend Payout Ratio: 0.28 (As of Mar. 2026) — 46% 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 Dividend Payout Ratio?

Morguard North American Residential Real Estate Investment Trust MNARF 66 Dividend Payout Ratio is 0.28 as of Mar. 2026, which is 46% below its 10-year median of 0.52. 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 718 REITs companies, Morguard North American Residential Real Estate Investment Trust ranks better than 89.42% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Morguard North American Residential Real Estate Investment Trust's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.28.

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

MNARF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.52   Max: 1.05
Current: 0.44


During the past 13 years, the highest Dividend Payout Ratio of Morguard North American Residential Real Estate Investment Trust was 1.05. The lowest was 0.26. And the median was 0.52.

MNARF's Dividend Payout Ratio is ranked better than
89.42% of 718 companies
in the REITs industry
Industry Median: 0.99 vs MNARF: 0.44

As of today (2026-06-27), the Dividend Yield % of Morguard North American Residential Real Estate Investment Trust is 4.62%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Morguard North American Residential Real Estate Investment Trust was 5.58%. The lowest was 3.29%. And the median was 4.24%.

Morguard North American Residential Real Estate Investment Trust's Dividends per Share for the months ended in Mar. 2026 was $0.14.

During the past 12 months, Morguard North American Residential Real Estate Investment Trust's average Dividends Per Share Growth Rate was 3.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Morguard North American Residential Real Estate Investment Trust was 12.40% per year. The lowest was 0.40% per year. And the median was 2.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.


Morguard North American Residential Real Estate Investment Trust (OTCPK:MNARF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.


Morguard North American Residential Real Estate Investment Trust Dividend Payout Ratio Related Terms


Morguard North American Residential Real Estate Investment Trust Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Morguard North American Residential Real Estate Investment Trust's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Morguard North American Residential Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.75 0.37 0.32 0.56

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
Dividend Payout Ratio 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 0.18 0.27 0.31 0.37 0.28

MNARF vs AVB, EQR, ESS: Dividend Payout Ratio Comparison

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

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

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


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

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

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

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.555/ 0.992
=0.56

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

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ Earnings per Share (Diluted) (Q: Mar. 2026 )
=0.144/ 0.522
=0.28

* 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 Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.28 mean?
Morguard North American Residential Real Estate Investment Trust (MNARF) has a Dividend Payout Ratio of 0.28 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Morguard North American Residential Real Estate Investment Trust and its competitors. This is 46% below median its historical median of 0.52. Over the past decade, Morguard North American Residential Real Estate Investment Trust's Dividend Payout Ratio has ranged from 0.26 to 1.05. According to the industry distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #76 out of 718 companies in the REITs industry, placing it in the top 10.6%.
Is Morguard North American Residential Real Estate Investment Trust's Dividend Payout Ratio too high?
Morguard North American Residential Real Estate Investment Trust's current Dividend Payout Ratio of 0.28 is 46% below median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.05. The REITs industry median Dividend Payout Ratio is 0.99. Morguard North American Residential Real Estate Investment Trust's value of 0.28 is 71.7% below this industry median. Based on the distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #76 out of 718 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 Dividend Payout Ratio compare to AVB and EQR?
According to the REITs industry distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #76 out of 718 companies for Dividend Payout Ratio. This places Morguard North American Residential Real Estate Investment Trust in the top 11% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.99. Morguard North American Residential Real Estate Investment Trust's value of 0.28 is 71.7% below this benchmark. Historically, Morguard North American Residential Real Estate Investment Trust's own Dividend Payout Ratio has ranged from 0.26 to 1.05 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.99, 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 Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio of 0.28 is 71.7% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Morguard North American Residential Real Estate Investment Trust and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — 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 Dividend Payout Ratio is 0.28, which is 46% below median its own 10-year median of 0.52. 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 Dividend Payout Ratio is 0.28, which is 46% below median its 10-year median of 0.52 and 71.7% below the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Morguard North American Residential Real Estate Investment Trust (MNARF), the current Dividend Payout Ratio is 0.28 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:

  • Dividend Payout Ratio: 0.28 (46% below median its 10-year median of 0.52)
  • GF Value™: $10.69 vs. price of $12.18 (13.9% above fair value)
  • GF Score™: 66/100 with 10 warning signs
  • Industry Position: 71.7% below the REITs median (#76 of 718)

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

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

$12.18
Price
$10.69
GF Value