What is the intrinsic value of MRG.UN.TO?

As of 2025-10-22, the Intrinsic Value of Morguard North American Residential Real Estate Investment Trust (MRG.UN.TO) is 30.22 CAD. This MRG.UN.TO valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 17.85 CAD, the upside of Morguard North American Residential Real Estate Investment Trust is 69.30%.

The range of the Intrinsic Value is 12.17 - 65.14 CAD

Is MRG.UN.TO undervalued or overvalued?

Based on its market price of 17.85 CAD and our intrinsic valuation, Morguard North American Residential Real Estate Investment Trust (MRG.UN.TO) is undervalued by 69.30%.

	Range	Selected	Upside
a
DCF (Growth 5y)	12.17 - 65.14	30.22	69.3%
DCF (Growth 10y)	20.20 - 77.48	39.81	123.0%
DCF (EBITDA 5y)	30.72 - 44.82	36.88	106.6%
DCF (EBITDA 10y)	43.97 - 61.65	51.55	188.8%
Fair Value	34.15 - 34.15	34.15	91.32%
P/E	15.97 - 20.21	17.94	0.5%
EV/EBITDA	11.75 - 28.77	18.18	1.9%
EPV	8.61 - 39.38	23.99	34.4%
DDM - Stable	15.27 - 33.50	24.39	36.6%
DDM - Multi	20.41 - 35.64	26.01	45.7%