Professional
Added to YB: 2025-05-20
Pitch date: 2025-05-16
MI-UN.TO [bullish]
Minto Apartment Real Estate Investment Trust
+40.52%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
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 639.2M
Pitch Price
CAD 12.50
Price Target
18.00 (+3%)
Dividend
3.07%
EV/EBITDA
N/A
P/E
8.47
EV/Sales
14.07
Sector
Residential REITs
Category
value
Favorite Canadian REITs for 2H 2025 - Minto Apartment Real Estate Investment Trust
MI-UN.TO: Canadian apt REIT trading at 41% discount to IFRS NAV, 5.5% implied cap rate vs 4% market rate. 4.1% yield, active buybacks. NAV +1.7% Q1 2025. Rental spreads normalizing after student demand fell. Sold 1971 bldg at 4% cap for $69M. $300K daily buybacks. Target $16-18.
Read full article (2 min)