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Morguard North American Residential REIT (TSE:MRG-UN.TO) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Morguard North American Residential REIT (TSE:MRG/UN.TO) seasonal charts above shows that a Buy Date of March 30 and a Sell Date of August 25 has resulted in a geometric average return of 1.24% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 6 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 7 years by an average of 3.02% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Financial sector, which runs from November 22 to April 13. The seasonal chart for the broad sector is available via the following link: Financial Sector Seasonal Chart.

A word of caution: Only 7 years of data is available for shares of MRG/UN.TO, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Morguard North American Residential Real Estate Investment Trust is an open-end real estate investment trust. The REIT invests in multi-suite residential rental properties in Canada and the United States. All of the REIT’s revenue derived from the Canadian and U.S. multi-suite residential real estate segments. Its real estate portfolio consists of 16 Canadian residential apartment communities and 30 U.S. low-rise and mid-rise apartment communities. The REIT is separated into two reportable segments, Canada and the United States. The United States contributes to the vast majority of revenue.

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