MINTO APARTMENT REAL ESTATE INVESTMENT TRUST

Minto Apartment Real Estate Investment Trust

MI.UN

CA60448E1034

Residential REITs

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
14.9 ^CAD	-1.26%		+0.40%	-7.91%

Apr. 17	REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences	MT
Apr. 15	Minto Apartment Real Estate Investment Trust Announces April 2024 Cash Distribution, Payable on May 15, 2024	CI

Minto Apartment Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023

March 06, 2024 at 05:26 pm EST

Minto Apartment Real Estate Investment Trust reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was CAD 157.93 million compared to CAD 143.79 million a year ago. Net loss was CAD 116.66 million compared to net income of CAD 225.4 million a year ago.

Latest news about Minto Apartment Real Estate Investment Trust

REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences	Apr. 17	MT
Minto Apartment Real Estate Investment Trust Announces April 2024 Cash Distribution, Payable on May 15, 2024	Apr. 15	CI
RBC Capital Markets Says Outperform Ratings For Canadian REITs Still Intact	Mar. 20	MT
Minto Apartment Real Estate Investment Trust Announces March 2024 Cash Distribution, Payable on April 15, 2024	Mar. 15	CI
BMO Raises Minto Apartment REIT Target to $19, Maintains Outperform	Mar. 11	MT
Minto Apartment REIT Brief: Keeps Outperform Rating and Target Raised To C$20 From $19.25 at National Bank Which Says "Prudent Capital Recycling Positions REIT For Outsized Earnings Growth"	Mar. 07	MT
Minto Apartment REIT Rises 5%, TD Maintains Buy	Mar. 07	MT
Transcript : Minto Apartment Real Estate Investment Trust, Q4 2023 Earnings Call, Mar 07, 2024	Mar. 07
Minto Apartment Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 06	CI
Minto Apartment REIT Reports 2023 Fourth Quarter And Year-End Financial Results	Mar. 06	MT
CAPREIT Brief: Q4 FFO per unit Diluted $0.602	Feb. 22	MT
Minto Apartment REIT Completes $86 million Sale of Two Properties to Ottawa Community Housing Corporation	Feb. 15	MT
Minto Apartment Real Estate Investment Trust Announces February 2024 Cash Distribution, Payable on March 15, 2024	Feb. 15	CI
Ottawa Community Housing Corporation completed the acquisition of 311 suites located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN).	Feb. 14	CI
Ottawa Community Housing Corporation acquired Chesterton/Bowhill property located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN).	Feb. 14	CI
National Bank Raises Price Targets for Real Estate Firms, Provides Preview	Jan. 30	MT
Minto Apartment Real Estate Investment Trust Announces January 2024 Cash Distribution, Payable on February 15, 2024	Jan. 15	CI
National Bank Says Sale of 2 Properties to Help Improve Financial Flexibility for Minto Apartment REIT	Jan. 09	MT
Minto Apartment REIT Reports Sale of 2 Properties to Ottawa Community Housing for $86 million	Jan. 09	MT
Minto Apartment REIT Brief: Announcing Sale of Two Properties to Ottawa Community Housing Corporation for $86 million	Jan. 09	MT
Ottawa Community Housing Corporation agreed to acquire 311 suites located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN) for CAD 90 million.	Jan. 08	CI
Ottawa Community Housing Corporation agreed to acquire Chesterton/Bowhill property located in Ottawa, Ontario from Minto Apartment Real Estate Investment Trust (TSX:MI.UN) for $53.8 million.	Jan. 08	CI
RBC Capital Markets Expects Stronger Returns For Canadian REITs in 2024	Dec. 22	MT
Minto Apartment Real Estate Investment Trust Announces Cash Distribution for the Month of December 2023, Payable on January 15, 2024	Dec. 15	CI
Minto Apartment REIT Brief: Announcinig Sale of its Remaining Edmonton Portfolio; Net proceeds from the sale used to reduce its revolving credit facility	Dec. 11	MT

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Company Profile

Minto Apartment Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns income-producing multi-residential properties located in urban markets in Canada. It owns a portfolio of about 29 income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa, and Calgary. The Company's properties include Richgrove, Martin Grove, Minto Yorkville, Roehampton, Niagara West, Minto one80five, Parkwood Hills Garden Homes & Townhomes, Aventura, Huron, Seneca, Castleview, Skyline Garden Homes, Maisonettes & Walkups, The Carlisle, Castle Hill, Tanglewood, Frontenac, Stratford, Rockhill, Haddon Hall, The Quarters, The Laurier, Kaleidoscope, The International, Le 4300, Le Hill-Park, Eleanor, High Park Village, Leslie York Mills and others.

Sector

Residential REITs

Calendar

2024-05-06 - Q1 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

14.9 CAD

Average target price

20.18 CAD

Spread / Average Target

+35.40%

Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Residential REITs

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MINTO APARTMENT REAL ESTATE INVESTMENT TRUST	-7.91%	434M
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MID-AMERICA APARTMENT COMMUNITY, INC.	-3.89%	15.08B
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Residential REITs