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.

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Minto Apartment Real Estate Investment Trust

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Post by Possibleidiot01on Nov 30, 2023 3:29pm

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Post# 35761916

Andrew Moffs - BNN - WATCH

WATCH

Great portfolio, solid management. Surprising that it trades below its IPO price. Has had best-in-class portfolio, but not necessarily best-in-class balance sheet. Topline growth has not fallen to bottom line. Too much variable interest rate exposure.

Looking to sell assets to reduce leverage, giving them capacity to expand in BC market. Thinks troubles are behind them, "show me" in terms of execution.

REAL ESTATE

$14.670