MI-UN : Minto Apartment Real Estate Investment Trust Stock Profile

Last Updated: 3/12/2024 0:47:16

Minto Apartment Real Estate Investment Trust trades with the ticker MI-UN on the TSX and is in the REIT – Residential industry.

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. 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.
 

Looking to invest in Minto Apartment Real Estate Investment Trust? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.

MI-UN.TO Stock Price and Key Stats

ETF Key Stats

Exchange: TSX

Market Cap : $685.857MM

PE Ratio:

Price: #N/A (Updated: 3/12/2024 0:47:16)



Minto Apartment Real Estate Investment Trust (MI-UN) vs Competitors in REIT – Residential

Lets see how MI-UN.TO stacks up against others in the REIT – Residential asset management industry. We have identified its main peers as:

Boardwalk Real Estate Investment Trust, Canadian Apartment Properties Real Estate Investment Trust, Canadian Apartment Properties Real Estate Investment Trust

.

REIT – Residential Industry Comparisons

Company Market Cap ($MM) P/E Ratio EV/EBITDA Dividend Yield
Boardwalk Real Estate Investment Trust (BEI-UN) $4,151.775 5.301 9.344 1.9%
Canadian Apartment Properties Real Estate Investment Trust (CAR-UN) $8,383.489 N/A -55.927 2.9%
Minto Apartment Real Estate Investment Trust (MI-UN) $685.857 N/A -19.567 2.9%
Canadian Apartment Properties Real Estate Investment Trust (CAR-UN) $8,383.489 N/A -55.927 2.9%

EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield  

Comparisons within REIT – Residential

  • Minto Apartment Real Estate Investment Trust (MI-UN) vs Boardwalk Real Estate Investment Trust (BEI-UN)
    • BEI-UN has higher EPS (14.54 vs -2.92). MI-UN has higher dividend yield (2.9% vs 1.9%). MI-UN has a P/E under 0, indicating BEI-UN (P/E 5.301) is in a better position.
  • Minto Apartment Real Estate Investment Trust (MI-UN) vs Canadian Apartment Properties Real Estate Investment Trust (CAR-UN)
    • CAR-UN has higher EPS (-2.43 vs -2.92). CAR-UN has higher dividend yield (2.9% vs 2.9%). CAR-UN and MI-UN both have P/E’s under 0.
  • Minto Apartment Real Estate Investment Trust (MI-UN) vs Canadian Apartment Properties Real Estate Investment Trust (CAR-UN)
    • CAR-UN has higher EPS (-2.43 vs -2.92). CAR-UN has higher dividend yield (2.9% vs 2.9%). CAR-UN and MI-UN both have P/E’s under 0.

Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability.
 

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You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:

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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of Wealthawesome.com. He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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