Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO)

15.50 -0.05 (-0.32%) At close: 04:00PM EDT

Morguard North American Residential Real Estate Investment Trust

55 City Centre Drive
Suite 1000
Mississauga, ON L5B 1M3
Canada
905 281 3800
https://www.morguard.com

Sector(s): Real Estate
Industry: REIT - Residential
Full Time Employees: 

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Kuldip Rai Sahi FCA, FCGA, FCPA	Chairman & CEO	617.69k	N/A	1947
Mr. Christopher A. Newman	Chief Financial Officer	138.39k	N/A	N/A
Ms. Beverley Gail Flynn L.L.B.	Senior VP, General Counsel & Secretary	N/A	N/A	N/A
Mr. Paul Miatello CA, CPA	Senior Vice President	N/A	N/A	1970
Mr. John Talano	Senior Vice President of U.S. Operations	N/A	N/A	N/A
Ms. Angela Sahi CPA	Senior Vice President	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management. The REIT's portfolio is comprised of 13,089 residential suites and 229,500 square feet of commercial area (as of October 24, 2023) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $4.0 billion at September 30, 2023.

Corporate Governance

Morguard North American Residential Real Estate Investment Trust’s ISS Governance QualityScore as of April 1, 2024 is 9. The pillar scores are Audit: 8; Board: 10; Shareholder Rights: 8; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.