Minto Apartment REIT is a real estate investment trust that owns and operates a portfolio of 32 high-quality, multi-residential rental properties in Toronto, Ottawa, Montréal, Calgary, and Edmonton. It is Canada's only 100% urban residential real estate investment trust.
The REIT's objective is to provide predictable and sustainable Unitholder distributions while maximizing Unitholder value through internal and external growth initiatives. Multi-residential real estate is highly stable throughout the economic cycle and is expected to benefit from continued economic expansion and strong rental demand in Canada. The REIT expects to generate external growth through its right of first opportunity on investment opportunities identified by The Minto Group, as well as third-party acquisitions.
The company’s environment, social, and governance (ESG) strategy represents their commitment to progress as an ethically responsible and forward-thinking business delivering positive results for both investors and consumers of Minto Apartment REIT. Their team of sustainability experts participate in acquisitions and capital investment plans, reviewing building systems and operations for opportunities to reduce environmental impact and to improve the bottom line.
They know that every action they take impacts the environment. By minimizing waste, reducing water and energy consumption, lowering carbon emissions, and investing in renewable energy and innovation, they act as responsible stewards of the environment.
Minto Apartment REIT Stock Details
- Ticker: tse:mi.un
- Sector: Real Estate
- Industry: REIT - Residential
- Market Cap: 0.69B
- Market Cap Group: Small Cap
- P/E: 0.00
- Dividend Yield: 2.94%
- Grade: D
- Dividend Aristocrat: YES
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 4/10
- Dividend Income Fit: 3/10
MI.UN Industry Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| ESS | NYSE:ESS | Essex Property Trust Inc. | 15.76 | 38.88 | 3.99 | YES | 1 | 10 | 83 |
| CAR.UN | TSE:CAR.UN | Canadian Apartment Properties REIT | 8.30 | 0.00 | 2.93 | YES | 1 | 10 | 83 |
| BEI.UN | TSE:BEI.UN | Boardwalk REIT | 3.81 | 5.31 | 1.52 | NO | 1 | 10 | 83 |
| KMP.UN | TSE:KMP.UN | Killam Apartment REIT | 2.31 | 8.88 | 3.59 | YES | 1 | 10 | 83 |
| IIP.UN | TSE:IIP.UN | InterRent REIT | 2.05 | 22.41 | 2.66 | YES | 1 | 10 | 83 |
| MI.UN | TSE:MI.UN | Minto Apartment REIT | 0.69 | 0.00 | 2.94 | YES | 1 | 10 | 83 |
| MRG.UN | TSE:MRG.UN | Morguard North American Residential REIT | 0.61 | 5.38 | 4.56 | NO | 1 | 10 | 83 |
Minto Apartment REIT - FAQ
What is the stock ticker for Minto Apartment REIT?
The stock ticker for Minto Apartment REIT is TSE:mi.un.
Is Minto Apartment REIT a good stock to buy?
You need to consider your investment strategy and how TSE:mi.un can fit in your portfolio.
The current dividend income score of 3/10 and dividend growth score of 4/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Minto Apartment REIT a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 35 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Minto Apartment REIT?
You can easily buy the MI.UN stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.