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Minto Apartment REIT has been showing promise, particularly as one of the smaller names in the Canadian real estate investment trust sector. Despite its successful IPO, it currently trades at a notable discount to its net asset value (NAV). The management is actively working to close this gap through unit buybacks, which presents a bullish indicator for potential investors. However, the operating environment remains challenging due to increased competition, particularly in Toronto, combined with a lackluster macroeconomic backdrop affecting Canadian apartment fundamentals. Rent controls and high housing costs contribute to a low turnover rate for rentals, requiring patience from investors until the economic landscape improves. Despite these challenges, the REIT's strong management and attractive long-term fundamentals continue to be points of confidence.
After a successful IPO, has since traded at material discount to NAV. Management is trying to close the gap, buying back units in the REIT (a bullish indicator). Definitely more upside than down, but operating environment is a lot tougher today. Not for the faint of heart, but you can continue to hold and watch for the NAV gap to close.
Tilts more to the luxury side, facing increased competition in Toronto from new supply.
Good job on capital allocation. Trades at wide discount to private market value. Macro for Canadian apartment fundamentals has been somewhat lackluster. Lots of competitive new supply. Housing costs are unaffordable, so low rental turnover. Rent controls limit increases. Very safe distribution. Need patience for Canada's economic picture to improve.
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.
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.
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, 5 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.
5 stock analysts on Stockchase covered Minto Apartment REIT In the last year. It is a trending stock that is worth watching.
On 2025-04-17, Minto Apartment REIT (MI.UN-T) stock closed at a price of $12.97.
The sector's been acting quite well. He's been picking up some of this name, one of his favourite smaller names in Canada.