TSE:MI.UN

14.71
0.10 (0.68%) 1d
0

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Investor Insights

This summary was created by AI, based on 7 opinions in the last 12 months.

Minto Apartment REIT has received mixed reviews from experts. Some believe that the company offers great value, trading at a wide discount to NAV, while others are concerned about variable interest rate exposure and balance sheet issues. However, there is confidence in the company's potential for growth and recovery, with a focus on smart capital allocation decisions and the current market conditions presenting opportunities for the apartment sector. Overall, the company seems to be working towards addressing its challenges and has potential for long-term success.

Consensus
Mixed
Valuation
Undervalued
Similar
MEQ,MEQ
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
BUY
Suffering from the macro lens of government policy concerns, which is a great opportunity to take advantage of. Risk/reward is to your favour. Sees return of demand and increasing rents. Wide discount to NAV.
REAL ESTATE
BUY
Similar to InterRent in terms of geological space. Good population growth. Has been building position since the fourth quarter. Catalysts are on the horizon.
REAL ESTATE
Showing 1 to 15 of 26 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 2024-05-24, Minto Apartment REIT (MI.UN-T) stock closed at a price of $14.71.