Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Numinus Wellness Focused on Boosting Profitability and Expanding Community Support (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Minto Apartment Real Estate Investment Trust T.MI.UN

Alternate Symbol(s):  MIAPF

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.


TSX:MI.UN - Post by User

Minto Apartment Real Estate Investment Trust
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(5636)
•••
Post by retiredcfon Jan 16, 2023 9:44am
121 Views
Post# 35225360

RBC

RBC

January 16, 2023

Minto Apartment REIT
As expected, Jonathan Li takes over as CEO

TSX: MI.UN | CAD 15.58 | Outperform | Price Target CAD 21.50

Sentiment: Neutral

Event: Minto Apartment REIT (“MI”) announced that Jonathan Li will be the CEO effective April 3, 2023, one year after being appointed President and COO of the REIT. Michael Waters, the current CEO, will remain as Trustee and will focus on his responsibilities as CEO of the Minto Group, the private company.

Our view:
1. We believe that this transition should not be a surprise to the market as the REIT has been messaging this for a while since

Jon Li was appointed President last year.

2. The strategic relationship between MI and Minto Group remains the same and we see the change more in form than substance (Minto Group owns ~40% equity interest in MI and continues to provide partial admin support to the REIT). That said, a clearer delineation between MI and Minto Group at the executive level could provide some level of comfort for investors relating to related party transactions, a concern that we think explains some of the relative underperformance of MI since the Niagara West and International transactions in April 2022.


<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities