Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Trustee Jo-Ann Lempert was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 24
Dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 3.0%, which is about the same as the industry average. Announcement • May 16
Minto Apartment Real Estate Investment Trust Announces May 2026 Cash Distribution, Payable on June 15, 2026 Minto Apartment Real Estate Investment Trust announced a cash distribution of CAD 0.04458 per REIT unit for the month of May 2026, representing CAD 0.535 per REIT unit on an annualized basis. Payment will be made on June 15, 2026 to unitholders of record as at May 31, 2026. Reported Earnings • May 13
First quarter 2026 earnings released First quarter 2026 results: Revenue: CA$39.4m (flat on 1Q 2025). Net loss: CA$101.6m (down CA$117.3m from profit in 1Q 2025). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Residential REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Declared Dividend • Apr 20
Dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 3.0%, which is about the same as the industry average. Announcement • Apr 17
Minto Apartment Real Estate Investment Trust Announces Cash Distribution for April 2026, Payable on May 15, 2026 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04458 per REIT unit for the month of April 2026, representing $0.535 per REIT unit on an annualized basis. Payment will be made on May 15, 2026 to unitholders of record as at April 30, 2026. Announcement • Apr 08
Minto Apartment Real Estate Investment Trust to Report Q1, 2026 Results on May 11, 2026 Minto Apartment Real Estate Investment Trust announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 11, 2026 Announcement • Mar 26
A private real estate investor entered into an agreement to acquire 150 Roehampton property in Toronto, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN) for CAD 90.8 million. A private real estate investor entered into an agreement to acquire 150 Roehampton property in Toronto, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN) for CAD 90.8 million on March 25, 2026. A cash consideration of CAD 90.75 million will be paid by the buyer. As part of consideration, CAD 90.75 million is paid towards assets of 150 Roehampton property in Toronto, Ontario.
Upon closing, the proceeds of approximately CAD 67 million, net of mortgages and commissions, will be used to repay a portion of the REIT’s variable-rate revolving credit facility and for general trust purposes. The transaction is anticipated to close in Q2 2026. Declared Dividend • Mar 20
Dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 3.0%, which is about the same as the industry average. Announcement • Mar 18
Minto Apartment REIT Announces Cash Distribution for March 2026, Payable on April 15, 2026 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04458 per REIT unit for the month of March 2026, representing $0.535 per REIT unit on an annualized basis. Payment will be made on April 15, 2026 to unitholders of record as at March 31, 2026. Reported Earnings • Mar 05
Full year 2025 earnings released Full year 2025 results: Revenue: CA$154.5m (down 1.7% from FY 2024). Net loss: CA$244.2m (down 486% from profit in FY 2024). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Residential REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Declared Dividend • Feb 20
Dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 27th February 2026 Payment date: 16th March 2026 Dividend yield will be 3.0%, which is about the same as the industry average. Announcement • Feb 18
Minto Apartment REIT Announces February 2026 Cash Distribution, Payable on March 16, 2026 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04458 per REIT unit for the month of February 2026, representing $0.535 per REIT unit on an annualized basis. Payment will be made on March 16, 2026 to unitholders of record as at February 28, 2026. Announcement • Jan 27
Minto Apartment Real Estate Investment Trust to Report Q4, 2025 Results on Mar 04, 2026 Minto Apartment Real Estate Investment Trust announced that they will report Q4, 2025 results After-Market on Mar 04, 2026 Declared Dividend • Jan 19
Dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 30th January 2026 Payment date: 17th February 2026 Dividend yield will be 3.0%, which is about the same as the industry average. Announcement • Jan 16
Minto Apartment REIT Announces January 2026 Cash Distribution, Payable on February 17, 2026 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04458 per REIT unit for the month of January 2026, representing $0.535 per REIT unit on an annualized basis. Payment will be made on February 17, 2026 to unitholders of record as at January 31, 2026. Price Target Changed • Jan 06
Price target increased by 11% to CA$17.22 Up from CA$15.45, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of CA$17.42. The company posted earnings per share of CA$1.60 last year. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CA$17.30, the stock trades at a trailing P/E ratio of 8.4x. Average forward P/E is 31x in the Residential REITs industry in Canada. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$16.81 per share. Announcement • Jan 05
Crestpoint Real Estate Investments Ltd. agreed to acquire an unknown minority stake in Minto Apartment Real Estate Investment Trust (TSX:MI.UN) for a transaction valued at CAD 2.3 billion. Crestpoint Real Estate Investments Ltd. agreed to acquire an unknown minority stake in Minto Apartment Real Estate Investment Trust (TSX:MI.UN) for a transaction valued at CAD 2.3 billion on January 5, 2026. A cash consideration valued at CAD 18 per share will be paid by Crestpoint Real Estate Investments Ltd.
In connection with the completion of the Transaction, the Trust Units are expected to be delisted from the TSX and the REIT will cease to be a reporting issuer in all of the provinces and territories of Canada.
In case of termination of transaction, Crestpoint Real Estate Investments Ltd. will pay a termination fee of CAD 47.70 million and seller will pay a termination fee of CAD 42.10 million.
The transaction is subject to approval of merger agreement by target board, approval/consents of lenders/creditors, subject to antitrust regulations and subject to court approval. The Board of Directors of Minto Apartment Real Estate Investment Trust formed a special committee for the transaction. The deal has been unanimously approved by the board. The Transaction is expected to close in the second half of 2026.
Desjardins Capital Markets acted as financial advisor for Minto Apartment Real Estate Investment Trust. Desjardins Capital Markets acted as fairness opinion provider for Minto Apartment Real Estate Investment Trust. BMO Capital Markets acted as fairness opinion provider for Minto Apartment Real Estate Investment Trust. BMO Capital Markets acted as financial advisor for Minto Apartment Real Estate Investment Trust. Blake, Cassels & Graydon LLP acted as legal advisor for Minto Apartment Real Estate Investment Trust. Goodmans LLP acted as legal advisor for Minto Apartment Real Estate Investment Trust. Torys LLP acted as legal advisor for Crestpoint Real Estate Investments Ltd. TD Securities, Inc. acted as financial advisor for Crestpoint Real Estate Investments Ltd. McCarthy Tétrault LLP acted as legal advisor for Crestpoint Real Estate Investments Ltd. Declared Dividend • Dec 19
Dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 3.9%, which is higher than the industry average of 3.1%. Announcement • Dec 18
Minto Apartment Real Estate Investment Trust Announces December 2025 Cash Distribution, Payable on January 15, 2026 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04458 per REIT unit for the month of December 2025, representing $0.535 per REIT unit on an annualized basis. Payment will be made on January 15, 2026 to unitholders of record as at December 31, 2025. Declared Dividend • Nov 21
Dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.1%. Announcement • Nov 20
Minto Apartment Real Estate Investment Trust announces Monthly dividend, payable on December 15, 2025 Minto Apartment Real Estate Investment Trust announced Monthly dividend of CAD 0.0446 per share payable on December 15, 2025, ex-date on November 28, 2025 and record date on November 30, 2025. Reported Earnings • Nov 06
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CA$39.1m (down 1.9% from 3Q 2024). Net loss: CA$30.2m (loss narrowed 28% from 3Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Residential REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 20
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st October 2025 Payment date: 14th November 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.1%. Announcement • Oct 16
Minto Apartment Real Estate Investment Trust Announces October 2025 Cash Distribution, Payable on November 14, 2025 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04333 per REIT unit for the month of October 2025, representing $0.52 per REIT unit on an annualized basis. Payment will be made on November 14, 2025 to unitholders of record as at October 31, 2025. Announcement • Sep 30
Minto Apartment Real Estate Investment Trust to Report Q3, 2025 Results on Nov 04, 2025 Minto Apartment Real Estate Investment Trust announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Declared Dividend • Sep 19
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.1%. Announcement • Sep 16
Minto Apartment Real Estate Investment Trust Announces September 2025 Cash Distribution, Payable on October 15, 2025 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04333 per REIT unit for the month of September 2025, representing $0.52 per REIT unit on an annualized basis. Payment will be made on October 15, 2025 to unitholders of record as at September 30, 2025. Declared Dividend • Aug 21
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.1%. Announcement • Aug 16
Minto Apartment Real Estate Investment Trust Announces August 2025 Cash Distribution, payable on September 15, 2025 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04333 per REIT unit for the month of August 2025, representing $0.52 per REIT unit on an annualized basis. Payment will be made on September 15, 2025 to unitholders of record as at August 31, 2025. Reported Earnings • Aug 14
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CA$38.5m (down 1.1% from 2Q 2024). Net loss: CA$1.09m (down 103% from profit in 2Q 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Residential REITs industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 21
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.1%. Announcement • Jul 16
Minto Apartment REIT Announces July 2025 Cash Distribution, Payable on August 15, 2025 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04333 per REIT unit for the month of July 2025, representing $0.52 per REIT unit on an annualized basis. Payment will be made on August 15, 2025 to unitholders of record as at July 31, 2025. Announcement • Jul 07
Minto Apartment Real Estate Investment Trust to Report Q2, 2025 Results on Aug 13, 2025 Minto Apartment Real Estate Investment Trust announced that they will report Q2, 2025 results After-Market on Aug 13, 2025 Declared Dividend • Jun 20
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.1%. Announcement • Jun 19
Minto Apartment Real Estate Investment Trust Announces Cash Distribution for the Month of June 2025, Payable on July 15, 2025 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04333 per REIT unit for the month of June 2025, representing $0.52 per REIT unit on an annualized basis. Payment will be made on July 15, 2025 to unitholders of record as at June 30, 2025. Declared Dividend • May 22
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 30th May 2025 Payment date: 16th June 2025 Dividend yield will be 4.1%, which is higher than the industry average of 3.1%. Announcement • May 16
Minto Apartment Real Estate Investment Trust Announces May 2025 Cash Distribution, Payable on June 16, 2025 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04333 per REIT unit for the month of May 2025, representing $0.52 per REIT unit on an annualized basis. Payment will be made on June 16, 2025 to unitholders of record as at May 31, 2025. Reported Earnings • May 07
First quarter 2025 earnings released First quarter 2025 results: Revenue: CA$38.0m (down 2.4% from 1Q 2024). Net income: CA$15.7m (up CA$34.5m from 1Q 2024). Profit margin: 41% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 1.5% growth forecast for the Residential REITs industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 20
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.1%. Announcement • Apr 16
Minto Apartment Real Estate Investment Trust Announces April 2025 Cash Distribution, Payable on May 15, 2025 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04333 per REIT unit for the month of April 2025, representing $0.52 per REIT unit on an annualized basis. Payment will be made on May 15, 2025 to unitholders of record as at April 30, 2025. Announcement • Apr 02
Minto Apartment Real Estate Investment Trust to Report Q1, 2025 Results on May 06, 2025 Minto Apartment Real Estate Investment Trust announced that they will report Q1, 2025 results After-Market on May 06, 2025 Declared Dividend • Mar 21
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.1%. Announcement • Mar 18
Minto Apartment Real Estate Investment Trust Announces March 2025 Cash Distribution, Payable on April 15, 2025 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04333 per REIT unit for the month of March 2025, representing $0.52 per REIT unit on an annualized basis. Payment will be made on April 15, 2025 to unitholders of record as at March 31, 2025. Reported Earnings • Mar 07
Full year 2024 earnings released Full year 2024 results: Revenue: CA$157.1m (flat on FY 2023). Net income: CA$63.2m (up CA$179.9m from FY 2023). Profit margin: 40% (up from net loss in FY 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, while revenues in the Residential REITs industry in Canada are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Declared Dividend • Feb 23
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 28th February 2025 Payment date: 14th March 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.1%. Announcement • Feb 19
Minto Apartment Real Estate Investment Trust Announces Cash Distribution for the Month of February 2025, Payable on March 14, 2025 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04333 per REIT unit for the month of February 2025, representing $0.52 per REIT unit on an annualized basis. Payment will be made on March 14, 2025 to unitholders of record as at February 28, 2025. Announcement • Feb 12
Minto Apartment Real Estate Investment Trust, Annual General Meeting, May 06, 2025 Minto Apartment Real Estate Investment Trust, Annual General Meeting, May 06, 2025. Buy Or Sell Opportunity • Jan 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.3% to CA$13.20. The fair value is estimated to be CA$16.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jan 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Announcement • Jan 23
An undisclosed buyer completed the acquisition of Castleview property located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN) for CAD 69 million. An undisclosed buyer has entered into an agreement to acquire Castleview property located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN) for CAD 69 million on November 15, 2024. Upon closing, the proceeds of approximately $33.8 million, net of mortgages and commissions, will be used to repay a portion of the REIT's variable-rate revolving credit facility. The Transaction is anticipated to close in late January 2025.
An undisclosed buyer completed the acquisition of Castleview property located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN) on January 22, 2025. Announcement • Jan 20
Minto Apartment Real Estate Investment Trust to Report Q4, 2024 Results on Mar 05, 2025 Minto Apartment Real Estate Investment Trust announced that they will report Q4, 2024 results After-Market on Mar 05, 2025 Declared Dividend • Jan 19
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st January 2025 Payment date: 14th February 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.1%. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Buy Or Sell Opportunity • Dec 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to CA$13.22. The fair value is estimated to be CA$16.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Dec 23
Lead Independent Trustee recently bought CA$240k worth of stock On the 20th of December, Allan Kimberley bought around 18k shares on-market at roughly CA$13.33 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Declared Dividend • Dec 20
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.1%. New Risk • Dec 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 39% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 32% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (39% increase in shares outstanding). Buy Or Sell Opportunity • Dec 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to CA$13.46. The fair value is estimated to be CA$16.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Meanwhile, the company became loss making. New Risk • Dec 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 39% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 32% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (39% increase in shares outstanding). Declared Dividend • Nov 20
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 29th November 2024 Payment date: 16th December 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.1%. Announcement • Nov 16
Minto Apartment Real Estate Investment Trust Announces November 2024 Cash Distribution, Payable on December 16, 2024 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04333 per REIT unit for the month of November 2024. Payment will be made on December 16, 2024 to unitholders of record as at November 30, 2024. Reported Earnings • Nov 14
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CA$39.8m (flat on 3Q 2023). Net loss: CA$41.9m (down 251% from profit in 3Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Residential REITs industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Declared Dividend • Oct 18
Dividend of CA$0.042 announced Shareholders will receive a dividend of CA$0.042. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Announcement • Oct 16
Minto Apartment Real Estate Investment Trust Announces Cash Distribution for October 2024, Payable on November 15, 2024 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04208 per REIT unit for the month of October 2024, representing $0.505 per REIT unit on an annualized basis. Payment will be made on November 15, 2024 to unitholders of record as at October 31, 2024. Announcement • Oct 07
Minto Apartment Real Estate Investment Trust to Report Q3, 2024 Results on Nov 12, 2024 Minto Apartment Real Estate Investment Trust announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Declared Dividend • Sep 20
Dividend of CA$0.042 announced Shareholders will receive a dividend of CA$0.042. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 3.0%, which is lower than the industry average of 3.1%. Announcement • Sep 17
Minto Apartment Real Estate Investment Trust Announces Cash Distribution for September 2024, Payable on October 15, 2024 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04208 per REIT unit for the month of September 2024, representing $0.505 per REIT unit on an annualized basis. Payment will be made on October 15, 2024 to unitholders of record as at September 30, 2024. Declared Dividend • Aug 19
Dividend of CA$0.042 announced Shareholders will receive a dividend of CA$0.042. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Announcement • Aug 16
Minto Apartment Real Estate Investment Trust Announces Cash Distribution for August 2024, Payable on September 16, 2024 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04208 per REIT unit for the month of August 2024, representing $0.505 per REIT unit on an annualized basis. Payment will be made on September 16, 2024 to unitholders of record as at August 31, 2024. Reported Earnings • Aug 15
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CA$38.9m (down 1.3% from 2Q 2023). Net income: CA$32.8m (up CA$75.8m from 2Q 2023). Profit margin: 84% (up from net loss in 2Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Residential REITs industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 18
Dividend of CA$0.042 announced Shareholders will receive a dividend of CA$0.042. Ex-date: 31st July 2024 Payment date: 15th August 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Announcement • Jul 16
Minto Apartment Real Estate Investment Trust Announces a Cash Distribution for the Month of July 2024, Payable on August 15, 2024 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04208 per REIT unit for the month of July 2024, representing $0.505 per REIT unit on an annualized basis. Payment will be made on August 15, 2024 to unitholders of record as at July 31, 2024. Announcement • Jul 04
Minto Apartment Real Estate Investment Trust to Report Q2, 2024 Results on Aug 13, 2024 Minto Apartment Real Estate Investment Trust announced that they will report Q2, 2024 results After-Market on Aug 13, 2024 Declared Dividend • Jun 20
Dividend of CA$0.042 announced Shareholders will receive a dividend of CA$0.042. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.1%. Announcement • Jun 18
Minto Apartment Real Estate Investment Trust Announces June 2024 Cash Distribution, Payable on July 15, 2024 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04208 per REIT unit for the month of June 2024, representing $0.505 per REIT unit on an annualized basis. Payment will be made on July 15, 2024 to unitholders of record as at June 30, 2024. Declared Dividend • May 20
Dividend of CA$0.042 announced Shareholders will receive a dividend of CA$0.042. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Announcement • May 16
Minto Apartment Real Estate Investment Trust Announces May 2024 Cash Distribution, Payable on June 14, 2024 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04208 per REIT unit for the month of May 2024, representing $0.505 per REIT unit on an annualized basis. Payment will be made on June 14, 2024 to unitholders of record as at May 31, 2024. Reported Earnings • May 08
First quarter 2024 earnings released First quarter 2024 results: Revenue: CA$38.9m (up 1.4% from 1Q 2023). Net loss: CA$18.8m (loss narrowed 22% from 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Residential REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.8% to CA$14.90. The fair value is estimated to be CA$18.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Apr 25
Upcoming dividend of CA$0.042 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 15 May 2024. Trailing yield: 3.3%. Lower than top quartile of Canadian dividend payers (6.6%). In line with average of industry peers (3.4%). Buy Or Sell Opportunity • Apr 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.8% to CA$15.11. The fair value is estimated to be CA$19.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Apr 18
Dividend of CA$0.042 announced Shareholders will receive a dividend of CA$0.042. Ex-date: 29th April 2024 Payment date: 15th May 2024 Dividend yield will be 3.4%, which is higher than the industry average of 3.1%. Announcement • Apr 16
Minto Apartment Real Estate Investment Trust Announces April 2024 Cash Distribution, Payable on May 15, 2024 Minto Apartment Real Estate Investment Trust announced a cash distribution of $0.04208 per REIT unit for the month of April 2024, representing $0.505 per REIT unit on an annualized basis. Payment will be made on May 15, 2024 to unitholders of record as at April 30, 2024. Announcement • Apr 04
Minto Apartment Real Estate Investment Trust to Report Q1, 2024 Results on May 07, 2024 Minto Apartment Real Estate Investment Trust announced that they will report Q1, 2024 results After-Market on May 07, 2024 Buy Or Sell Opportunity • Apr 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.0% to CA$15.42. The fair value is estimated to be CA$19.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Mar 20
Dividend of CA$0.042 announced Shareholders will receive a dividend of CA$0.042. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 3.0%, which is lower than the industry average of 3.1%. Reported Earnings • Mar 08
Full year 2023 earnings released Full year 2023 results: Revenue: CA$157.9m (up 9.8% from FY 2022). Net loss: CA$116.7m (down 152% from profit in FY 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Residential REITs industry in Canada. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Feb 21
Upcoming dividend of CA$0.042 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 15 March 2024. Trailing yield: 3.0%. Lower than top quartile of Canadian dividend payers (6.4%). In line with average of industry peers (3.0%). Declared Dividend • Feb 19
Dividend of CA$0.042 announced Shareholders will receive a dividend of CA$0.042. Ex-date: 28th February 2024 Payment date: 15th March 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.1%. Announcement • Feb 16
Minto Apartment Real Estate Investment Trust Announces February 2024 Cash Distribution, Payable on March 15, 2024 Minto Apartment Real Estate Investment Trust (the "REIT") announced a cash distribution of $0.04208 per REIT unit for the month of February 2024, representing $0.505 per REIT unit on an annualized basis. Payment will be made on March 15, 2024 to unitholders of record as at February 29, 2024. Announcement • Feb 13
Minto Apartment Real Estate Investment Trust, Annual General Meeting, May 07, 2024 Minto Apartment Real Estate Investment Trust, Annual General Meeting, May 07, 2024. Upcoming Dividend • Jan 23
Upcoming dividend of CA$0.042 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 February 2024. Trailing yield: 3.1%. Lower than top quartile of Canadian dividend payers (6.5%). In line with average of industry peers (3.1%). Buy Or Sell Opportunity • Jan 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to CA$16.45. The fair value is estimated to be CA$13.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Meanwhile, the company became loss making. 
