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Weekly 52-Week Low (or 52-Week High): CAS-T, ITR-X, GEI-T, PPL-T and More 52-Week Highs and Lows (Mar 06-12)Oil and Pfizer approval lift Monday marketsTop REITs in Canada : MI.UN Stock and GRT.UN StockThis summary was created by AI, based on 7 opinions in the last 12 months.
Minto Apartment REIT (MI.UN-T) has received mixed reviews from experts. While some experts praise its solid management and best-in-class portfolio, others point out concerns about its balance sheet and variable interest rate exposure. However, the general consensus seems to be cautiously optimistic with expectations of potential growth in the BC market and overall recovery. The company has shown resilience in the face of challenges such as higher interest rates, with rising cash reserves and debt reduction. There is also a focus on increasing revenue through renewals and taking advantage of the growing demand for affordable housing.
Renewals growth of 6-8%. Federal government's supporting increased supply. It's fine. Good chance you'll see a recovery. Cheap, trades at 10-15% discount. Nothing better than apartments right now, because market's so tight.
Apartment sector extremely interesting right now. Rents are going up 10% YOY. Good assets to own for the long term. Regulatory overhang. He owns MEQ.
Did its IPO two years ago but has been around for decades. Its main focus is the Ottawa market but also covers Toronto, Montreal and Calgary. Trades at a wide discount to the private market value of its assets. There is a bit of a structural deficiency in trading terms. It is at a good price with occupancy increasing.
Minto Apartment REIT is a Canadian stock, trading under the symbol MI.UN-T on the Toronto Stock Exchange (MI.UN-CT). It is usually referred to as TSX:MI.UN or MI.UN-T
In the last year, 3 stock analysts published opinions about MI.UN-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Minto Apartment REIT.
Minto Apartment REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Minto Apartment REIT.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Minto Apartment REIT In the last year. It is a trending stock that is worth watching.
On 2024-03-18, Minto Apartment REIT (MI.UN-T) stock closed at a price of $16.82.
Great portfolio, solid management. Surprising that it trades below its IPO price. Has had best-in-class portfolio, but not necessarily best-in-class balance sheet. Topline growth has not fallen to bottom line. Too much variable interest rate exposure.
Looking to sell assets to reduce leverage, giving them capacity to expand in BC market. Thinks troubles are behind them, "show me" in terms of execution.