Professional
Added to YB: 2025-08-27
Pitch date: 2025-08-24
MI-UN.TO [bullish]
Minto Apartment Real Estate Investment Trust
-1.41%
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 13.30
Price Target
N/A
Dividend
3.84%
EV/EBITDA
N/A
P/E
7.82
EV/Sales
10.22
Sector
Residential REITs
Category
value
Minto REIT, fading the rent bears
MI-UN.TO: Ottawa/Montreal-focused REIT at 41% IFRS NAV discount, 5.8% implied cap rate vs market sales at high-3s/4.2%. CEO confirms inbound interest at/above NAV. Aggressive 6.8% unit buyback using asset sales at full NAV. 30% parent ownership = privatization candidate. 11% rent upside vs market rates.
Read full article (6 min)