Morguard Real Estate Investment Trust (FRA:T0L) Scaled Net Operating Assets: 0.99 (As of Mar. 2026)

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FRA:T0L Morguard Real Estate Investment Trust FRA:T0L
56 GF Score
Price €4.25
GF Value €3.26
! 8 Warning Signs
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What is Morguard Real Estate Investment Trust Scaled Net Operating Assets?

Morguard Real Estate Investment Trust FRA:T0L +0.52% 56 Scaled Net Operating Assets is 0.99 as of Mar. 2026. GuruFocus rates FRA:T0L with a GF Score™ of 56/100 and a GF Value™ of €3.26. The stock has 8 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Morguard Real Estate Investment Trust's operating assets for the quarter that ended in Mar. 2026 was €1,364.2 Mil. Morguard Real Estate Investment Trust's operating liabilities for the quarter that ended in Mar. 2026 was €39.0 Mil. Morguard Real Estate Investment Trust's Total Assets for the quarter that ended in Dec. 2025 was €1,339.0 Mil. Therefore, Morguard Real Estate Investment Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.99.


Morguard Real Estate Investment Trust Scaled Net Operating Assets Historical Data

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The historical data trend for Morguard Real Estate Investment Trust's Scaled Net Operating Assets 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 Real Estate Investment Trust Scaled Net Operating Assets Chart

Morguard Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 0.93 0.92 0.91 0.89

Morguard 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
Scaled Net Operating Assets 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 0.93 0.96 0.94 0.97 0.99

FRA:T0L vs VICI, WPC, BNL: Scaled Net Operating Assets Comparison

For the REIT - Diversified subindustry, Morguard Real Estate Investment Trust's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Real Estate Investment Trust Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Morguard Real Estate Investment Trust's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Morguard Real Estate Investment Trust's Scaled Net Operating Assets falls into.


FRA:T0L
56GF Score
Morguard Real Estate Investment Trust FRA:T0L
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morguard Real Estate Investment Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Morguard Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1334.645-38.633)/1457.233
=0.89

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1339.031 - 4.386
=1334.645

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=803.712 - 430.473 - 334.606
=38.633

Morguard Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1364.197-38.953)/1339.031
=0.99

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1369.495 - 5.298
=1364.197

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=821.33 - 345.288 - 437.089
=38.953

* 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.

What does a Scaled Net Operating Assets of 0.99 mean?
Morguard Real Estate Investment Trust (FRA:T0L) has a Scaled Net Operating Assets of 0.99 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Morguard Real Estate Investment Trust and its competitors.
Is Morguard Real Estate Investment Trust's Scaled Net Operating Assets too high?
Morguard Real Estate Investment Trust's current Scaled Net Operating Assets is 0.99. Overall, Morguard Real Estate Investment Trust has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Morguard Real Estate Investment Trust's Scaled Net Operating Assets compare to VICI and WPC?
Morguard Real Estate Investment Trust's Scaled Net Operating Assets of 0.99 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Morguard Real Estate Investment Trust and its competitors. Morguard Real Estate Investment Trust's current Scaled Net Operating Assets is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morguard Real Estate Investment Trust stock overvalued right now?
Morguard Real Estate Investment Trust (FRA:T0L) has a current Scaled Net Operating Assets of 0.99. The stock's GF Value™ is €3.26, compared to a current price of €4.25 — trading 30.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.99. Morguard Real Estate Investment Trust's overall GF Score™ is 56/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Morguard Real Estate Investment Trust (FRA:T0L), the current Scaled Net Operating Assets is 0.99 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 Real Estate Investment Trust (FRA:T0L) Overvalued in 2026?

Based on GuruFocus' analysis, Morguard Real Estate Investment Trust stock appears to be overvalued. The current stock price of €4.25 is trading 30.2% above its estimated GF Value™ of €3.26.

Key valuation signals for FRA:T0L:

  • Scaled Net Operating Assets: 0.99
  • GF Value™: €3.26 vs. price of €4.25 (30.2% above fair value)
  • GF Score™: 56/100 with 8 warning signs

No single metric tells the full story. See the FRA:T0L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morguard Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges MRT.UN:Canada
Address 55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3
Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It derives maximum revenue from the Retail segment.
56GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.25
Price
€3.26
GF Value