company background image
MI.UN logo

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

Last Price

CA$15.85

Market Cap

CA$1.0b

7D

-4.4%

1Y

7.0%

Updated

28 Mar, 2024

Data

Company Financials +

Minto Apartment Real Estate Investment Trust

TSX:MI.UN Stock Report

Market Cap: CA$1.0b

MI.UN Stock Overview

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.

MI.UN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends3/6

Minto Apartment Real Estate Investment Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Minto Apartment Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$15.85
52 Week HighCA$17.89
52 Week LowCA$12.81
Beta1.18
1 Month Change-5.93%
3 Month Change-2.04%
1 Year Change6.95%
3 Year Change-27.03%
5 Year Change-21.69%
Change since IPO0.51%

Recent News & Updates

Recent updates

Have Insiders Been Buying Minto Apartment Real Estate Investment Trust (TSE:MI.UN) Shares This Year?

Feb 26
Have Insiders Been Buying Minto Apartment Real Estate Investment Trust (TSE:MI.UN) Shares This Year?

Do Institutions Own Minto Apartment Real Estate Investment Trust (TSE:MI.UN) Shares?

Jan 04
Do Institutions Own Minto Apartment Real Estate Investment Trust (TSE:MI.UN) Shares?

Shareholder Returns

MI.UNCA Residential REITsCA Market
7D-4.4%-3.0%0.4%
1Y7.0%5.4%9.0%

Return vs Industry: MI.UN exceeded the Canadian Residential REITs industry which returned 5.4% over the past year.

Return vs Market: MI.UN underperformed the Canadian Market which returned 9% over the past year.

Price Volatility

Is MI.UN's price volatile compared to industry and market?
MI.UN volatility
MI.UN Average Weekly Movement3.1%
Residential REITs Industry Average Movement3.1%
Market Average Movement8.5%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.1%

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

Volatility Over Time: MI.UN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2018179Jonathan Lihttps://www.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$1.04b
Earnings (TTM)-CA$116.66m
Revenue (TTM)CA$157.93m

4.0x

P/S Ratio

-5.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MI.UN income statement (TTM)
RevenueCA$157.93m
Cost of RevenueCA$58.76m
Gross ProfitCA$99.17m
Other ExpensesCA$215.83m
Earnings-CA$116.66m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-2.92
Gross Margin62.79%
Net Profit Margin-73.87%
Debt/Equity Ratio108.0%

How did MI.UN perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

35%

Payout Ratio
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.