TSE:MI.UN

14.00
0.12 (0.85%) 1d
0

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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

The experts agree that Minto Apartment REIT, with symbol MI.UN-T, is well-positioned for long-term growth due to the housing shortage and increased immigration leading to higher rents. They also acknowledge the potential challenges in the Toronto market and political risks from rent control, but overall see it as a good long-term hold with strong management and smart capital allocation decisions.

Consensus
Positive
Valuation
Undervalued
WEAK BUY
Given the housing shortage, is the focus on building new homes a tailwind for REITs?

Long-term, yes, for residential REITs, like apartment ones. They also benefit from more immigration. This leads to higher rents. InterRent, Minto and CAP are his preferreds in this space. CAP is the biggest, and they hold a super-quality portfolio that they've been upgrading in recent years. All these are focused in Ontario. but they benefit from lower interest rates. A caveat: Ottawa is slowing immigration to Canada, which feeds demand for apartments. Expect choppiness, but these are good holds. Minto has a great relationship with a private developer who build high-quality homes. They have great capital discipline. But they are exposed to the Toronto market, and their quality homes puts them in competition with the current condo glut in Toronto. This won't hurt Minto's long-term, but the stock will be choppy.

REAL ESTATE
BUY

Quite a discount to NAV, attractive. Lower yield, 3.5% range. Strong management, CEO is now internal. Looking to grow bottom line. Fixed balance sheet. On a good path. Political risk from rent control, but that's not imminent.

REAL ESTATE
HOLD

Lots of value, trades at wide discount to NAV. When will the gap close? Show-me story, needs to show bottom-line earnings growth and starting to do so. Smart capital allocation decisions starting to happen. Quality real estate, discount to the sector, buy and do well long term.

REAL ESTATE
WATCH

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.

REAL ESTATE
BUY

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.

REAL ESTATE
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jul 11/23, Down 13.3%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with MI.UN has triggered its stop at $13.  To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 12%, when combined with previous recommendations. 

REAL ESTATE
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate this REIT which owns multi-resident properties across the country as a TOP PICK.  With a rising cost of capital, the company prudently terminated an option to purchase an apartment complex, which allowed it to reduce debt and build its cash reserves.  It trades under book value and supports a 14% ROE thanks to a 56% operating margin.  It pays a good dividend, backed by a payout ratio under 15% of cash flow.  We continue to recommend a stop-loss at $13, looking to achieve $19 -- upside potential of 24%.  Yield 3.2%

(Analysts’ price target is $19.23)
REAL ESTATE
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

Average occupancy rates continue to improve helping revenue to grow over 10% annually.  The company sees the widening gap between insufficient new housing supply and demand for affordable housing working in their favour.  They have aggressively rebalanced a large segment of their debt at interest rates half of previous rates, while also building cash reserves.  It supports a 14% ROE and its dividend is backed by a payout ratio under 15% of cash flow.  We recommend trailing up the stop (from $12) to $13, looking to achieve $19 -- upside potential over 25%.  Yield 3.1% 

(Analysts’ price target is $19.31)
REAL ESTATE
BUY

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.

REAL ESTATE
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O’Reilly

Despite the impact of higher interest rates, MI-UN is showing reporting rising cash reserves, while debt is being retired. Same property revenues are up 8% and occupancy averages 97%.  It trades below book value and supports a 20% ROE. It pays a good dividend, backed by a payout ratio under 10% of cash flow.  We recommend placing a stop-loss at $12.00, looking to achieve $19.50 — upside potential over 32%.  Yield 3.2%

(Analysts’ price target is $19.23)
REAL ESTATE
BUY

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.

REAL ESTATE
WEAK BUY
They're concentrated in Ottawa, Toronto, then Montreal, Edmonton and Calgary. Their apartments are skewed to the higher end in cities which saw an exodus during Covid. They've suffered occupancy losses during Covid, but that has bottomed. In the past quarter though, occupanies are up 3.5% YOY, though Montreal has been difficult to operate in (more of a foreign student market). Overall, there's more upside than down here.
REAL ESTATE
COMMENT
Sector very vulnerable to rising rates. For a multi-residential Minto type REIT, the cap rates don't reflect interest rates. Not trading at bargain levels.
REAL ESTATE
BUY
Stock has under preformed this year. Trading at 48% discount to net asset value. Currently presenting a good buying opportunity. Not much downside given current share price. Record population growth in Canada this year is good for the company. Upper end buildings in Toronto and Ottawa.
REAL ESTATE
BUY
Looking into the sector as interest rates go up (good buying opportunity). Believes company has been discounted too much. Rental market in greater Toronto area tight. Company presenting good long term buying opportunity.
REAL ESTATE
Showing 1 to 15 of 28 entries

Minto Apartment REIT(MI.UN-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for Minto Apartment REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Minto Apartment REIT(MI.UN-T) Frequently Asked Questions

What is Minto Apartment REIT stock symbol?

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

Is Minto Apartment REIT a buy or a sell?

In the last year, 3 stock analysts published opinions about MI.UN-T. 2 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.

Is Minto Apartment REIT a good investment or a top pick?

Minto Apartment REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for Minto Apartment REIT.

Why is Minto Apartment REIT stock dropping?

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.

Is Minto Apartment REIT worth watching?

3 stock analysts on Stockchase covered Minto Apartment REIT In the last year. It is a trending stock that is worth watching.

What is Minto Apartment REIT stock price?

On 2024-12-09, Minto Apartment REIT (MI.UN-T) stock closed at a price of $14.