Professional
Added to YB: 2026-01-12
Pitch date: 2026-01-02
MI-UN.TO [neutral]
Minto Apartment Real Estate Investment Trust
+4.14%
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 16.90
Price Target
18.00 (+3%)
Dividend
3.07%
EV/EBITDA
N/A
P/E
8.47
EV/Sales
14.07
Sector
Residential REITs
Category
special_situation
REIT book to start the year: Minto Apartment Real Estate Investment Trust
MI-UN.TO (holding update): Trading at 40% NAV discount with 6% implied cap vs 4-4.25% market cap rates. CEO hints at inbound calls for assets at full NAV. Peer Inter Rent was privatized at premium. Potential privatization by 2026 targeting 20-30% returns, or get paid 4% yield + buybacks while waiting.
Read full article (1 min)