MNARF's ROE % is ranked worse than 59.06% of 933
companies
in the REITs industry
Industry Median: 6.15
vs MNARF: 5.10
Morguard North American Residential Real Estate Investment Trust (OTCPK:MNARF) 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:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
* 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.
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 North American Residential Real Estate Investment Trust ROE % Related Terms
Morguard North American Residential Real Estate Investment Trust ROE % Historical Data
* 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 ROE % Chart
Morguard North American Residential Real Estate Investment Trust Annual Data
* 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 ROE % vs REITs Industry
* 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.
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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Morguard North American Residential Real Estate Investment Trust (MNARF) has a ROE % of 7.42% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Morguard North American Residential Real Estate Investment Trust and its competitors. This is 36% below median its historical median of 11.66. Over the past decade, Morguard North American Residential Real Estate Investment Trust's ROE % has ranged from 4.47 to 21.87. According to the industry distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #551 out of 933 companies in the REITs industry, placing it in the top 59.1%.
Is Morguard North American Residential Real Estate Investment Trust's ROE % too high?
Morguard North American Residential Real Estate Investment Trust's current ROE % of 7.42% is 36% below median its 10-year median of 11.66. Over the past 10 years, this metric has ranged from a low of 4.47 to a high of 21.87. The REITs industry median ROE % is 6.15. Morguard North American Residential Real Estate Investment Trust's value of 7.42% is 20.7% above this industry median. Based on the distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #551 out of 933 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 ROE % compare to AVB and EQR?
According to the REITs industry distribution chart, Morguard North American Residential Real Estate Investment Trust ranks #551 out of 933 companies for ROE %. This places Morguard North American Residential Real Estate Investment Trust in the lower half of its industry. The industry median ROE % is 6.15. Morguard North American Residential Real Estate Investment Trust's value of 7.42% is 20.7% above this benchmark. Historically, Morguard North American Residential Real Estate Investment Trust's own ROE % has ranged from 4.47 to 21.87 over the past decade. While the company's 10-year median is 11.66 vs. the industry median of 6.15, 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 ROE % for a REITs company?
The median ROE % among REITs companies is 6.15, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % of 7.42% is 20.7% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Morguard North American Residential Real Estate Investment Trust and its competitors. For the REITs industry, the median ROE % is 6.15 — 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 ROE % is 7.42%, which is 36% below median its own 10-year median of 11.66. 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 ROE % is 7.42%, which is 36% below median its 10-year median of 11.66 and 20.7% above the REITs industry median of 6.15. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Morguard North American Residential Real Estate Investment Trust (MNARF), the current ROE % is 7.42% 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:
ROE %: 7.42% (36% below median its 10-year median of 11.66)
GF Value™: $10.69 vs. price of $12.18 (13.9% above fair value)
Industry Position: 20.7% above the REITs median (#551 of 933)
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
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
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MNARF has been successfully added to your 
