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Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN) Pretax Margin % : -17.24% (As of Sep. 2024)


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What is Morguard North American Residential Real Estate Investment Trust Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Morguard North American Residential Real Estate Investment Trust's Pre-Tax Income for the three months ended in Sep. 2024 was C$-14.8 Mil. Morguard North American Residential Real Estate Investment Trust's Revenue for the three months ended in Sep. 2024 was C$85.8 Mil. Therefore, Morguard North American Residential Real Estate Investment Trust's pretax margin for the quarter that ended in Sep. 2024 was -17.24%.

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

TSX:MRG.UN' s Pretax Margin % Range Over the Past 10 Years
Min: 25.67   Med: 62.23   Max: 126.44
Current: 25.67


TSX:MRG.UN's Pretax Margin % is ranked worse than
58.91% of 915 companies
in the REITs industry
Industry Median: 38.12 vs TSX:MRG.UN: 25.67

Morguard North American Residential Real Estate Investment Trust Pretax Margin % Historical Data

The historical data trend for Morguard North American Residential Real Estate Investment Trust's Pretax Margin % 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.

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Morguard North American Residential Real Estate Investment Trust Pretax Margin % Chart

Morguard North American Residential Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.16 66.15 126.44 111.28 58.31

Morguard North American Residential Real Estate Investment Trust Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Pretax Margin % 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 36.87 17.17 34.49 68.32 -17.24

Competitive Comparison of Morguard North American Residential Real Estate Investment Trust's Pretax Margin %

For the REIT - Residential subindustry, Morguard North American Residential Real Estate Investment Trust's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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's Pretax Margin % Distribution in the REITs Industry

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

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



Morguard North American Residential Real Estate Investment Trust Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Morguard North American Residential Real Estate Investment Trust's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=193.364/331.62
=58.31 %

Morguard North American Residential Real Estate Investment Trust's Pretax Margin for the quarter that ended in Sep. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=-14.794/85.788
=-17.24 %

* 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  (TSX:MRG.UN) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Morguard North American Residential Real Estate Investment Trust Pretax Margin % Related Terms

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Morguard North American Residential Real Estate Investment Trust Business Description

Traded in Other Exchanges
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. The REIT operates into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.

Morguard North American Residential Real Estate Investment Trust Headlines

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