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Home CompaniesMinto Apartment Real Estate Investment Trust

Minto Apartment Real Estate Investment Trust

Real Estate REIT - Residential
PortfolioPortfolio WatchlistWatchlist
Company price
None CAD 0.00(0%)
Last update at 2026-11-04T21:03:48.321338Z
Market Cap
656.33M

Momentum Score

…

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton. Minto Apartment Real Estate Investment Trust was founded in 2018 and is headquartered in Ottawa, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

52 Week Price Range
12.70
Low
16.91
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Minto Apartment Real Estate Investment Trust owns and operates a portfolio of multi-residential rental properties in Canada, providing rental housing and property management services. Long-term growth may be supported by steady urban rental demand, constrained housing supply and active asset management including renovations and selective acquisitions. Investors may find the trust attractive for exposure to recurring rental cash flows and potential inflation-linked income.
Key risks include sensitivity to interest rates and refinancing costs, potential rent regulation and local market concentration that could pressure occupancy and rent growth, and execution risk from acquisitions or development.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
-
Dividend Yield
3.07%
Revenue TTM
155.56M
Revenue Per Share
3.90
Gross Profit TTM
87.80M
Debt / Equity
0.74
ROE
-5.96%
Net Debt
898.15M
ROCE
3.81%
Diluted EPS TTM
-1.80

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 225.40M 94.16M 179.64M 19.97M 49.39M
Net income 388.88M 138.07M 255.91M -10.49M 49.39M
Selling general administrative 7.06M 7.74M 6.38M 5.93M 2.34M
Gross profit 87.80M 76.25M 78.62M 65.30M 26.11M
Ebit 87.80M -22.30M 72.23M 65.30M 47.53M
Ebitda 267.72M 21.61M 121.94M -59.26M 54.38M
Depreciation and amortization 179.92M 43.91M - -124.55M -
Operating income 87.80M -22.30M 121.94M 65.30M 23.77M
Other operating expenses 63.05M 55.04M 52.69M 45.07M 18.71M
Interest expense 25.88M 18.26M 18.57M 14.87M 4.99M
Interest income 4.82M 3.13M 1.65M 0.54M 0.01M
Net interest income -39.77M -32.18M -33.77M -30.13M -12.45M
Income tax expense -163.48M -43.91M -76.27M 30.46M -
Total revenue 143.79M 123.55M 124.93M 104.44M 42.48M
Total operating expenses 7.06M 7.74M 6.38M 5.93M 2.34M
Cost of revenue 55.99M 47.30M 46.31M 39.14M 16.36M
Total other income expense net 137.60M 116.47M 57.70M -45.33M 25.62M
Net income from continuing ops 225.40M 94.16M 179.64M 19.97M 49.39M
Net income applicable to common shares 225.40M 94.16M 179.64M 19.97M 98.78M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 2734.81M 2440.71M 2203.28M 2050.30M 1206.92M
Other current assets 3.81M 11.90M 18.54M 9.18M 7.23M
Total liab 1521.28M 1430.71M 1353.06M 1363.53M 948.67M
Total stockholder equity 1213.54M 1010.00M 850.22M 686.77M 258.25M
Other current liab 2.94M 17.27M 20.71M 32.57M 8.77M
Common stock 710.87M 714.12M 631.43M 631.43M 212.08M
Capital stock 710.87M - - - -
Retained earnings 502.66M 295.88M 218.79M 55.34M 46.17M
Other liab 366.41M 503.37M 475.81M 537.43M 393.01M
Other assets 57.81M 35.22M 17.56M 13.83M -
Cash 5.32M 2.85M 2.61M 1.93M 0.89M
Total current liabilities 427.58M 88.31M 69.97M 121.58M 49.54M
Current deferred revenue - 10.14M 8.96M 8.71M -
Net debt 898.15M 678.82M 627.42M 578.39M 310.63M
Short term debt 395.96M 51.75M 31.95M 91.01M 35.92M
Short long term debt 395.96M 55.55M 31.95M 27.14M 11.32M
Short long term debt total 903.48M 681.67M 630.03M 580.32M 311.53M
Other stockholder equity - 1010.00M - - 258.25M
Property plant equipment 2553.28M 2325.34M 2120.54M 2002.50M 1197.81M
Total current assets 110.72M 79.84M 65.18M 32.86M 9.11M
Long term investments - - - 1.11M -
Net tangible assets 1213.54M 1010.00M 850.22M 686.77M 258.25M
Net receivables 101.59M 65.40M 44.04M 21.75M 0.99M
Long term debt 507.52M 681.67M 630.03M 580.32M 311.53M
Inventory - -0.31M - - -
Accounts payable 28.69M 9.15M 8.35M 5.57M 4.84M
Non currrent assets other 2624.09M 2360.87M - 2036.25M 1197.81M
Non current assets total 2624.09M 2360.87M 2138.10M 2017.44M 1197.81M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -125.69M -153.11M -51.24M -590.75M -17.59M
Change to liabilities 4.76M 1.73M -4.40M -2.50M 8.35M
Total cashflows from investing activities -125.69M -153.11M -51.24M -610.48M -35.18M
Net borrowings 112.32M 51.14M 38.74M 201.50M -416.60M
Total cash from financing activities 45.66M 81.24M -17.94M 537.96M -10.68M
Change to operating activities -2.89M 0.12M 0.89M -3.40M 4.10M
Net income 225.40M 94.16M 179.64M 19.97M 49.39M
Change in cash 2.47M 0.24M 0.68M 1.04M -10.68M
Begin period cash flow 2.85M 2.61M 1.93M 0.89M 0.00M
End period cash flow 5.32M 2.85M 2.61M 1.93M 0.89M
Total cash from operating activities 82.50M 72.12M 69.86M 53.83M 29.16M
Issuance of capital stock 0.00M 82.73M 0.00M 399.44M 212.88M
Other cashflows from investing activities -30.17M -18.20M -20.41M -19.73M -19.73M
Dividends paid 30.85M 27.26M 26.28M 15.03M 5.00M
Change to account receivables -1.20M -0.01M -0.22M -0.84M -1.80M
Sale purchase of stock -2.76M - - 192.57M -
Other cashflows from financing activities 109.47M 38.65M 130.94M 180.21M 26.55M
Change to netincome -144.51M -24.53M -106.60M 40.29M -51.28M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital 0.67M 1.84M -3.73M -6.74M 5.32M
Stock based compensation -2.25M 0.14M -0.25M 0.33M 0.08M
Other non cash items -141.32M -24.02M -105.80M 40.28M -25.62M
Free cash flow 82.50M 72.12M 69.86M 53.83M 29.16M

Peer Comparison*

Sector: Real Estate Industry: REIT - Residential

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CAR-UN
Canadian Apartment Properties Real Estate Investment Trust		 0.74
2.36%		 32.14 - 17.83 7.60 0.85 14.21 -114.18
BEI-UN
Boardwalk Real Estate Investment Trust		 0.19
0.30%		 63.24 6.35 18.28 7.15 0.95 13.19 11.47
KMP-UN
Killam Apartment Real Estate Investment Trust		 0.26
1.46%		 17.68 8.59 15.24 6.32 0.88 12.62 12.24
MRG-UN
Morguard North American Residential Real Estate Investment Trust		 0.43
2.96%		 14.95 - 25.32 2.55 0.30 6.58 55.94

Profile*

Minto Apartment Real Estate Investment Trust

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton. Minto Apartment Real Estate Investment Trust was founded in 2018 and is headquartered in Ottawa, Canada.

180 Kent Street, Ottawa, ON, Canada, K1P 0B6

613-230-7051

https://www.mintoapartments.com

Name Title Year Born
Mr. Roger Greenberg Exec. Chairman 1956
Mr. Michael R. Waters F.C.A., FCAS, FCPA CEO & Non-Independent Trustee 1971
Mr. Roderick Glen MacMullin BA, CA Chief Investment Officer 1970
Mr. John Edward Moss Gen. Counsel & Corp. Sec. NA
Mr. Jonathan Li Pres & COO NA
Mr. Edward Fu Chief Financial Officer NA
Mr. Martin Tovey Sr. VP of Investments NA
Mr. Ben Mullen Sr. VP of Asset Management NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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