Morguard Real Estate Investment Trust (TSX:MRT.UN) Scaled Net Operating Assets : 0.95 (As of Dec. 2023)

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What is Morguard Real Estate Investment Trust Scaled Net Operating Assets?

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 Dec. 2023 was C$2,273.0 Mil. Morguard Real Estate Investment Trust's operating liabilities for the quarter that ended in Dec. 2023 was C$57.1 Mil. Morguard Real Estate Investment Trust's Total Assets for the quarter that ended in Sep. 2023 was C$2,321.4 Mil. Therefore, Morguard Real Estate Investment Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.95.

Morguard Real Estate Investment Trust Scaled Net Operating Assets Historical Data

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.

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Morguard Real Estate Investment Trust Scaled Net Operating Assets Chart

Morguard Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Scaled Net Operating Assets

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0.97

0.85

0.95

0.93

Morguard Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.93	0.97	0.97	0.95	0.96

Competitive Comparison of Morguard Real Estate Investment Trust's Scaled Net Operating Assets

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's Scaled Net Operating Assets Distribution in the 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.

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. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(2272.964	-	57.053)	/	2376.187
=	0.93

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2280.242	-	7.278
=	2272.964

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1319.057	-	848.98	-	413.024
=	57.053

Morguard Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(2272.964	-	57.053)	/	2321.353
=	0.95

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2280.242	-	7.278
=	2272.964

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1319.057	-	848.98	-	413.024
=	57.053

Morguard Real Estate Investment Trust Scaled Net Operating Assets Related Terms

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Morguard Real Estate Investment Trust (TSX:MRT.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Morguard Real Estate Investment Trust (TSX:MRT.UN) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

MGRUF:USA

Address

55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3

Website

https://www.morguard.com

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 generates maximum revenue from the Retail segment.

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