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Minto Apartment Real Estate Investment Trust (TSE:MI.UN)
TSX:MI.UN
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MI.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$13.58 - C$17.89
Previous CloseC$14.07
Volume380.56K
Average Volume (3M)102.64K
Market Cap
C$559.23M
Enterprise ValueC$1.42B
Total Cash (Recent Filing)C$7.11M
Total Debt (Recent Filing)C$870.83M
Price to Earnings (P/E)―
Beta1.07
Next Earnings
Nov 12, 2024EPS EstimateN/A
Last Dividend Ex-Date
Oct 31, 2024Dividend Yield3.6%
Share Statistics
EPS (TTM)-1.30
Shares Outstanding65,472,743
10 Day Avg. Volume118,119
30 Day Avg. Volume102,645
Standard Deviation0.08
R-Squared0.47
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)0.85
Price to Sales (P/S)5.83
Price to Cash Flow (P/CF)10.90
P/FCF Ratio11.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$20.25Price Target Upside44.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Bulls Say, Bears Say
Bulls Say
Debt ManagementManagement has reduced exposure to variable rate debt, resulting in lower interest expenses compared to the prior year.
Financial PerformanceThe REIT reported FFO per unit of $0.25, up 39.5% year-over-year, exceeding both estimates and consensus expectations.
ValuationMinto trades at an implied cap rate of 5.8%, representing a 19.7% discount to the NAV estimate.
Bears Say
Financial PerformanceTop-line growth was negatively impacted by y/y declines in furnished suite (-12.8%) and commercial revenues (-27.4%).
Market RentsCondo competition is having an outsized impact on market rents in downtown Toronto.
Revenue GrowthThe impact of new supply in proximity to some of the REIT's properties in Toronto may temper revenue growth.
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Options Prices
Currently, No data available
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Ownership Overview
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Insiders
0.39% Mutual Funds
0.40% Other Institutional Investors
86.73% Public Companies and
Individual Investors
MI.UN FAQ
What was Minto Apartment Real Estate Investment Trust’s price range in the past 12 months?
Minto Apartment Real Estate Investment Trust lowest stock price was C$13.58 and its highest was C$17.89 in the past 12 months.
What is Minto Apartment Real Estate Investment Trust’s market cap?
Currently, no data Available
When is Minto Apartment Real Estate Investment Trust’s upcoming earnings report date?
Minto Apartment Real Estate Investment Trust’s upcoming earnings report date is Nov 12, 2024 which is in 2 days.
How were Minto Apartment Real Estate Investment Trust’s earnings last quarter?
Minto Apartment Real Estate Investment Trust released its earnings results on Aug 13, 2024. The company reported C$0.499 earnings per share for the quarter, beating the consensus estimate of N/A by C$0.499.
Is Minto Apartment Real Estate Investment Trust overvalued?
According to Wall Street analysts Minto Apartment Real Estate Investment Trust’s price is currently Undervalued.
Does Minto Apartment Real Estate Investment Trust pay dividends?
Minto Apartment Real Estate Investment Trust pays a Monthly dividend of C$0.04 which represents an annual dividend yield of 3.6%. See more information on Minto Apartment Real Estate Investment Trust dividends here
What is Minto Apartment Real Estate Investment Trust’s EPS estimate?
Minto Apartment Real Estate Investment Trust’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Minto Apartment Real Estate Investment Trust have?
Minto Apartment Real Estate Investment Trust has 39,916,660 shares outstanding.
What happened to Minto Apartment Real Estate Investment Trust’s price movement after its last earnings report?
Minto Apartment Real Estate Investment Trust reported an EPS of C$0.499 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -1.276%.
Which hedge fund is a major shareholder of Minto Apartment Real Estate Investment Trust?
Currently, no hedge funds are holding shares in TSE:MI.UN
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Minto Apartment Real Estate Investment Trust Stock Smart Score
Unlock Smart Score
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Technicals
SMA
Negative
20 days / 200 days
Momentum
2.99%
12-Months-Change
Fundamentals
Return on Equity
-3.19%
Trailing 12-Months
Asset Growth
-4.24%
Trailing 12-Months
Company Description
Minto Apartment Real Estate Investment Trust
Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets in Canada. It owns a portfolio of income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa, Calgary and Edmonton.
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MI.UN Stock 12 Month Forecast
Average Price Target
C$20.25
▲(44.75% Upside)
Technical Analysis
Canadian Apartment
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Slate Office REIT
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InterRent REIT Un
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Crombie Real Estate ate
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Best Analysts Covering MI.UN
1 Year
1 Year Success Rate
7/11 ratings generated profit
1 Year Average Return
+4.62%
reiterated a buy rating 3 months ago
Copying Mark Rothschild's trades and holding each position for 1 Year would result in 63.64% of your transactions generating a profit, with an average return of +4.62% per trade.
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