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Minto Apartment Real Estate Investment Trust TSX:MI.UN Stock Report

Last Price

CA$13.10

Market Cap

CA$1.2b

7D

-3.5%

1Y

-18.1%

Updated

19 Dec, 2024

Data

Company Financials +

Minto Apartment Real Estate Investment Trust

TSX:MI.UN Stock Report

Market Cap: CA$1.2b

MI.UN Stock Overview

An open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. More details

MI.UN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends3/6

Rewards

Trading at 43.1% below our estimate of its fair value

Analysts in good agreement that stock price will rise by 43.7%

Risk Analysis

Interest payments are not well covered by earnings

Earnings have declined by 32.4% per year over past 5 years

Shareholders have been diluted in the past year


My Notes

Capture your thoughts, links and company narrative

Minto Apartment Real Estate Investment Trust Competitors

European Residential Real Estate Investment Trust

TSX:ERE.UN

CA$883.4m

BSR Real Estate Investment Trust

TSX:HOM.UN

CA$959.8m

Morguard North American Residential Real Estate Investment Trust

TSX:MRG.UN

CA$938.9m

InterRent Real Estate Investment Trust

TSX:IIP.UN

CA$1.5b

Price History & Performance

Summary of share price highs, lows and changes for Minto Apartment Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$13.10
52 Week HighCA$17.89
52 Week LowCA$13.21
Beta1.22
1 Month Change-7.36%
3 Month Change-23.03%
1 Year Change-18.13%
3 Year Change-39.55%
5 Year Change-42.59%
Change since IPO-16.93%

Recent News & Updates

Recent updates

Shareholder Returns

MI.UNCA Residential REITsCA Market
7D-3.5%-4.2%-4.1%
1Y-18.1%-6.7%16.7%

Return vs Industry: MI.UN underperformed the Canadian Residential REITs industry which returned -6.7% over the past year.

Return vs Market: MI.UN underperformed the Canadian Market which returned 16.7% over the past year.

Price Volatility

Is MI.UN's price volatile compared to industry and market?
MI.UN volatility
MI.UN Average Weekly Movement2.4%
Residential REITs Industry Average Movement2.8%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.8%
10% least volatile stocks in CA Market2.9%

Stable Share Price: MI.UN has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: MI.UN's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2018179Jonathan Liwww.mintoapartmentreit.com

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton. Minto Apartment Real Estate Investment Trust was founded in 2018 and is headquartered in Ottawa, Canada.

Minto Apartment Real Estate Investment Trust Fundamentals Summary

How do Minto Apartment Real Estate Investment Trust's earnings and revenue compare to its market cap?
MI.UN fundamental statistics
Market capCA$1.21b
Earnings (TTM)-CA$105.09m
Revenue (TTM)CA$157.94m

5.4x

P/S Ratio

-8.2x

P/E Ratio

Is MI.UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MI.UN income statement (TTM)
RevenueCA$157.94m
Cost of RevenueCA$56.19m
Gross ProfitCA$101.75m
Other ExpensesCA$206.84m
Earnings-CA$105.09m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-1.61
Gross Margin64.42%
Net Profit Margin-66.54%
Debt/Equity Ratio107.0%

How did MI.UN perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

31%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 22:37
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Minto Apartment Real Estate Investment Trust is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael MarkidisBMO Capital Markets Equity Research
Jenny MaBMO Capital Markets Equity Research
Christopher KoutsikaloudisCanaccord Genuity