Morguard
MRG.UN (TSX)
Morguard stands out as one of Canada's leading residential-focused REITs, boasting a geographically diverse portfolio that encompasses 43 properties and over 13,000 residential suites across North America. With an attractive dividend yield of 4.40% and a solid 5-year return of 17.19%, it is well-positioned for investors seeking reliable income and growth potential. Recently upgraded to a "Buy" rating by TD Securities, Morguard's robust valuation of approximately $4.3 billion reflects its strong fundamentals in the real estate market.
Pros:
- Geographically diverse portfolio
- Strong long-term performance
Cons:
- Market exposure risk
- Dependence on residential sector
Morguard (MRG.UN) may be suitable for income-focused investors looking for a stable dividend yield combined with potential for capital appreciation, particularly those interested in the residential real estate sector. Its solid performance metrics and geographic diversification make it a compelling option for those seeking exposure to the North American real estate market.