Professional
Added to YB: 2025-08-13
Pitch date: 2025-08-11
MI-UN.TO [neutral]
Minto Apartment Real Estate Investment Trust
-0.97%
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 499.1M
Pitch Price
CAD 13.24
Price Target
N/A
Dividend
3.84%
EV/EBITDA
N/A
P/E
7.82
EV/Sales
10.22
Sector
Residential REITs
Category
special_situation
Elevator thoughts on NCP's REITs - Minto Apartment Real Estate Investment Trust
MI-UN.TO (update): Holding modest position in Minto after Inter Rent takeout; 5.8% implied cap rate vs private market at lower rates. Rumors of potential privatization by parent group after NAREIT pullout. Despite normalizing rental market & immigration concerns, rents remain below market creating positive leasing spreads. Active buyback & asset recycling.
Read full article (1 min)