Added to YB: 2025-05-05
Pitch date: 2025-04-30
MI-UN.TO [bullish]
Minto Apartment Real Estate Investment Trust
+42.8%
current return
Author Info
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Company Info
Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada.
Market Cap
CAD 659.0M
Pitch Price
CAD 12.60
Price Target
N/A
Dividend
2.97%
EV/EBITDA
N/A
P/E
-1.82
EV/Sales
15.19
Sector
Residential REITs
Category
value
This Canadian apartment REIT is trading at 35% under NAV - Minto Apartment Real Estate Investment Trust
MI-UN.TO: Canadian apt REIT at 50% off highs, trading below book/liquidation. 6,211 units in Toronto/Ottawa/Montreal/Calgary. 13% lease-to-gain potential despite recent rent dips. 4.32% cap rate vs 6.8% implied by stock price. Smart buyback program as CDLs roll off. Limited downside at current valuation; new immigration would be catalyst.
Read full article (9 min)