TSX:MI.UNResidential REITs
Minto Apartment REIT (TSX:MI.UN) Profitability Returns but Five-Year Earnings Decline Clouds Bullish Narrative
Minto Apartment Real Estate Investment Trust (TSX:MI.UN) has achieved profitability in the past year, but earnings have declined by 33.2% per year over the last five years, making the overall trend difficult to interpret. Revenue is forecast to grow at 4.7% per year, slightly trailing the Canadian market average of 5.1% per year. The trust is currently considered to have high quality earnings and is trading below estimated fair value. Investors face the challenge of weighing the company’s...