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Minto Apartment Real Estate Investment Trust T.MI.UN

Alternate Symbol(s):  MIAPF

Minto Apartment Real Estate Investment Trust (the REIT) is a Canada-based open-ended real estate investment trust. The REIT owns income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa, and Calgary. Its portfolio includes 28 multi-residential rental properties comprising 7,726 suites strategically located across urban centers in Canada. Its properties include Richgrove, Martin Grove, Minto Yorkville, The ROE, Minto One80five, Parkwood Hills Garden Homes & Townhomes, Aventura, Huron, Seneca, Castleview, Skyline, The Carlisle, Castle Hill, Grenadier, Eleanor, Frontenac, Stratford, Laurier, Kaleidoscope, The Quarters, Rockhill Apartments, Leslie York Mills, High Park Village, Haddon Hall, Le 4300, 39 Niagara, The International, and Le Hill-Park.


TSX:MI.UN - Post by User

Post by olive15on Apr 13, 2020 11:50am
82 Views
Post# 30903253

Today's Trading

Today's TradingSome heavy sell pressure on MI.un. Wild swing in price in first few hours of trading, opening at 19.65 before dropping to 18.11, and now mid-18s. Other apt reits, and reits in general, are not seeing a similar pattern. For buyers, take advantage of the disconnect. As cheesy retailers are fond of saying, 'these prices won't last long'. Apt reits will be more than fine as people always need a place to live and government is putting money in people's pockets to pay rent, to get through the worst of this meltdown. No risk of dividend cut with low payout ratio, solid management team, growth objective, strong property portfolio, high occupancy rate ... there's nothing not to like about Minto. 
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