Minto Apartment Real Estate Investment Trust T.MI.UN

$23.65 new 52 week high today

[materialsgirl]

We are on a roll to $26 late this year and then $30 late next year

Enjoy

mat

[Dividends]

Dividend needs to increase. Very miserable investment...  let's go minto! 

[materialsgirl]

I agree that the dividend or distribution is miserable. It would be miserable even with a 30% increase. I disagree that it is a miserable investment . My total return is close to 30% over the past year and it is safe safe safe I expect another 30% again but this time it may  take 2 years to accomplish this gain mat

[Dividends]

I'd say 3y... i suspect it will be 25-26$ range so if I bought a batch more today that's about 10% with the miserable 2% divi. why is the divi so low? not sure I would say it's completely safe Mat. There is a chance that commercial will convert to residential units causing more competition for us. the immigration flood gates will re open shortly and hopefully high house prices

[Dividends]

  Wanted to clarify that by I meant by end of year. probably $28-30 ya I guess 10-15% ain't too shabby but I do want more dividend! Hopefully management can agree to pay out mo

[maypeters]

You can get your 3-4% divvy if the price drops :-)  Minto has a lot of development in the pipeline. The distribution is based on taxable income and I doubt you are going to see 4% divvy levels (same as IIP) based on the development pipeline.  You will be surprised at how many people will have to go back to the office. 

[materialsgirl]

Yes.  There will be some convertions of offices to apartments. However, outside of Calgary they will be few and far between. The oginal office construction of offices has wasteful high ceilings  in the lobbies.  Elevators are poorly placed. Corridors are wider than needed for apartments. It is expensive to convert. Of course, low rise offices in places like Toronto can be sold for

[apollojetic]

The safer the investment the lower the yield. Institutions love these Reits. Retail investors looking for yield will usually not touch this. It's OK. I will take the increasing share price.