About Morguard
Morguard is a publicly listed company based in Toronto (Canada) founded in 1905. Real estate investment company. Morguard has completed 2 acquisitions, including Lincluden and Temple Hotels. Its chief executive, as recorded, is Kuldip Rai Sahi. Morguard offers products and services including Real Estate Management, Leasing Services, Investment Advisory, and Portfolio Management. Its focus areas include REITs, Equity and Diversified. Its legal entity is MORGUARD MANAGEMENT COMPANY INC. Its competitors include H&R Real, Dream and Choice Properties REIT.
Company details
Morguard was established in 1905 and is headquartered in Toronto, Canada. Operations focus on the real estate investment sector, where properties including offices, industrial facilities, retail spaces, and apartments are owned, managed, and invested in. Projects such as the Etobicoke Wellness Centre, 160 Chapel, Aspen Grove, and Fifty on the Park are included among its developments. Investments are directed toward diverse real estate assets to support long-term portfolio growth.
- Headquarters Toronto, Canada
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Website morguard.com
- Social LinkedIn X YouTube
- Legal Name Morguard Corporation
- Annual Revenue$818 M (USD)-0.31as on Dec 31, 2025
- Net Profit$127.72 M (USD)-33.2as on Dec 31, 2025
- EBITDA$366.1 M (USD)15.36as on Dec 31, 2025
- Latest Funding Round$225M (USD), Debt – Conventional
Jan 2019
- InvestorsTD Securities
& 1 more
- Investments & AcquisitionsLincluden
& 1 more
Products & Services of Morguard
Morguard offers a comprehensive portfolio of products and services, including Real Estate Management, Leasing Services, Investment Advisory, and Portfolio Management.
Services for acquiring, owning, and managing real estate assets
Platform for leasing office, industrial, retail, and residential properties
Advisory for real estate equities and fixed income investments
Management of diversified real estate portfolios across North America
Apps and channels of Morguard
its YouTube channel Morguard has 83 subscribers and 30 videos.
Videos from Morguard
The most watched videos on Morguard's YouTube channel, Morguard (83 subscribers). Click a video to play it here.
More on Morguard.
Funding Insights of Morguard
- Total Rounds 2
- Last Round Debt – Conventional — $225M
- First Round $200M
(May 2018)
- Investors Count 2
All 2 funding rounds of Morguard with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2019 | $225M | Debt – Conventional | – | – | – |
| May 2018 | $200M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Morguard
Morguard has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include TD Securities and RBC Capital Markets.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| rbccm.com | ||||
M&A and corporate advisory services are provided across multiple sectors. | 1987 | tdsecurities.com | Toronto, Canada |
Investor details for Morguard
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People of Morguard
189 people are tracked at Morguard (49 in leadership, 140 in team).
| Name | Role | Group |
|---|---|---|
Kuldip Rai Sahi | Chairman & CEO | Leadership |
Joshua Nolan | Assoc. Vice President | Leadership |
Francis Bennett | General Manager Operations | Leadership |
Ben Oldfield Bsc Estate Management | Director, Leasing | Leadership |
Ian Hotchkiss | Director, Retail Leasing | Leadership |
Ken Campbell | Regional General Manager | Leadership |
Jenny Schmoisch | Vice President, Retail Leasing | Leadership |
Kevin Paustian | Vice President - Residential | Leadership |
Tom Johnston | Vp | Leadership |
Bryan Middleton | National Director Of Maintenance Services | Leadership |
Mark Pukli | Senior Director, Retail Leasing | Leadership |
John Walsh | Director Of Development And Construction | Leadership |
John Chung | Chief Information Officer | Leadership |
Maggar Ghali | Director Asset Management | Leadership |
Salman N. | Director, Development | Leadership |
Nick Moschella Cpa, Ca | Vice President, Finance | Leadership |
Marc Dusang | Director Of Leasing | Leadership |
Darren Woo | Director Asset Management | Leadership |
Anthony Swint | Associate Director Of Maintenance Services | Leadership |
Aneta S. | Director Asset Management | Leadership |
169 more people are available in the full profile.
Complete people profiles for Morguard
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IPO & Listings of Morguard
Morguard is a publicly listed company on the TSX with ticker symbol MRC in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date14 Jun 1962
- Listed onTSX: MRC
- Listed entityMorguard Corporation
- Exchange sectorFinance
- ISINCA6175771014
- Share price113.65 CAD (-0.18% on the day) · 2026-10-13
- Market capitalisation1,213,585,115.00 CAD
- Price to earnings5.9
- EPS (diluted, trailing year)19.27 CAD
- Dividend yield0.7%
- Volume (last session)260
Financials of Morguard
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 1.12B CAD | 174.9M CAD | 501.3M CAD |
| 2024 | 1.13B CAD | 261.8M CAD | 434.5M CAD |
| 2023 | 1.22B CAD | 74.2M CAD | 556.4M CAD |
| 2022 | 1.14B CAD | 122.8M CAD | 526.3M CAD |
| 2021 | 1.04B CAD | 249.8M CAD | 410.6M CAD |
Detailed financial statements for Morguard
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Investments & Acquisitions by Morguard
Morguard has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Lincluden and Temple Hotels.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Hospitality services including accommodations are provided in Canada. | templehotels.ca | Mississauga, Canada | 2012 | Nov 2019 | $75.16M | |
Diversified asset management services are provided by Lincluden. | lincluden.com | Mississauga, Canada | 1982 | Jan 2015 | •••• |
Complete acquisition details for Morguard
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- Exports
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Timeline of Morguard
6 dated milestones of Morguard across 114 years, from founding to its latest funding, stage changes and deals.
- Founded Morguard is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Lincluden.
- Funding First funding round of $200.0M.
- Funding Latest funding round, Debt – Conventional, of $225.0M.
- Acquisition Acquires Temple Hotels.
Competitors of Morguard
Morguard has 3 listed competitors in our database. They include H&R Real, Dream and Choice Properties REIT.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hr-reit.com | 1996 | Toronto, Canada | Equity REIT that invests in office, retail, industrial and residential properties | |||
| dream.ca | 1994 | Toronto, Canada | 49 | Equity REIT investments are directed toward residential and commercial assets. | ||
| choicereit.ca | 2013 | Toronto, Canada | 230 | Equity REIT that invests in office, retail and industrial properties |
Detailed competitors of Morguard
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Web traffic of Morguard
The website of Morguard (morguard.com) receives about 9K visits a month.
- Monthly visits9K
▲ 47.6% vs previous month
Websites whose visitors overlap most with Morguard. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bentallkennedy.com | 100% | View details | |||
| gwlrealtyadvisors.com | 83% | #1,640,471 | View details | ||
| douglasemmett.com | 82% | 15.7K | #1,091,594 | View details | |
| carterusa.com | 82% | 4.5K | #3,956,180 | View details | |
kra-net.com | kra-net.com | 82% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 15 similar websites and full traffic analytics for Morguard
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Related news about Morguard
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Frequently Asked Questions about Morguard
Morguard was founded in 1905 and raised its 1st funding round 113 years after it was founded.
Morguard is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Kuldip Rai Sahi is the CEO of Morguard, as recorded in our data.
Annual revenue of Morguard is $818M as on Dec 31, 2025.
Morguard was established in 1905 and is headquartered in Toronto, Canada. Operations focus on the real estate investment sector, where properties including offices, industrial facilities, retail spaces, and apartments are owned, managed, and invested in. Projects such as the Etobicoke Wellness Centre, 160 Chapel, Aspen Grove, and Fifty on the Park are included among its developments. Investments are directed toward diverse real estate assets to support long-term portfolio growth.
Morguard's top competitors include Choice Properties REIT, H&R Real and Dream.
Morguard offers Real Estate Management, Leasing Services, Investment Advisory, and Portfolio Management.
Yes, Morguard is publicly traded on TSX under the ticker symbol MRC.
Morguard has made 2 acquisitions, including Lincluden, and Temple Hotels.
Morguard has 2 investors. Key investors include TD Securities, and RBC Capital Markets.
Morguard operates through Morguard Management Company Inc.