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Minto Apartment Real Estate Investment Trust

Real Estate CA MI.UN

17.44CAD
-0.03(0.17%)

Last update at 2026-06-04T16:50:00Z

Day Range

17.4417.49
LowHigh

52 Week Range

12.7016.91
LowHigh

Fundamentals

  • Previous Close 17.47
  • Market Cap656.33M
  • Volume6100
  • P/E Ratio-
  • Dividend Yield3.07%
  • Revenue TTM155.56M
  • Revenue Per Share TTM3.90
  • Gross Profit TTM 87.80M
  • Diluted EPS TTM-1.8

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

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
Minority interest - - - - -
Net income 388.88M 138.07M 255.91M -10.49100M 49.39M
Selling general administrative 7.06M 7.74M 6.38M 5.93M 2.34M
Selling and marketing expenses - - - - -
Gross profit 87.80M 76.25M 78.62M 65.30M 26.11M
Reconciled depreciation - - - - -
Ebit 87.80M -22.30500M 72.23M 65.30M 47.53M
Ebitda 267.72M 21.61M 121.94M -59.25500M 54.38M
Depreciation and amortization 179.92M 43.91M - -124.55200M -
Non operating income net other - - - - -
Operating income 87.80M -22.30500M 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
Tax provision - - - - -
Interest income 4.82M 3.13M 1.65M 0.54M 0.00800M
Net interest income -39.77200M -32.18100M -33.76700M -30.13200M -12.44800M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -163.48300M -43.91300M -76.27200M 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 -45.33100M 25.62M
Discontinued operations - - - - -
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
Preferred stock and other adjustments - - - - -
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
Intangible assets - - - - -
Earning assets - - - - -
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
Deferred long term liab - - - - -
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
Good will - - - - -
Other assets 57.81M 35.22M 17.56M 13.83M -
Cash 5.32M 2.85M 2.61M 1.93M 0.89M
Cash and equivalents - - - - -
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
Short term investments - - - - -
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 - -0.30700M - - -
Accounts payable 28.69M 9.15M 8.35M 5.57M 4.84M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 2624.09M 2360.87M - 2036.25M 1197.81M
Deferred long term asset charges - - - - -
Non current assets total 2624.09M 2360.87M 2138.10M 2017.44M 1197.81M
Capital lease obligations - - - - -
Long term debt total - - - - -
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 -125.68600M -153.11300M -51.23900M -590.75200M -17.58800M
Change to liabilities 4.76M 1.73M -4.39900M -2.50200M 8.35M
Total cashflows from investing activities -125.68600M -153.11300M -51.23900M -610.47900M -35.17600M
Net borrowings 112.32M 51.14M 38.74M 201.50M -416.60200M
Total cash from financing activities 45.66M 81.24M -17.93900M 537.96M -10.68300M
Change to operating activities -2.89300M 0.12M 0.89M -3.39900M 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 -10.68300M
Begin period cash flow 2.85M 2.61M 1.93M 0.89M 0.00000M
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 0.00000M 82.73M 0.00000M 399.44M 212.88M
Depreciation - - - - -
Other cashflows from investing activities -30.17200M -18.19500M -20.41300M -19.72700M -19.72700M
Dividends paid 30.85M 27.26M 26.28M 15.03M 5.00M
Change to inventory - - - - -
Change to account receivables -1.19900M -0.00900M -0.22300M -0.83800M -1.80400M
Sale purchase of stock -2.76400M - - 192.57M -
Other cashflows from financing activities 109.47M 38.65M 130.94M 180.21M 26.55M
Change to netincome -144.50600M -24.52600M -106.60000M 40.29M -51.27800M
Capital expenditures 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 0.67M 1.84M -3.72900M -6.73900M 5.32M
Stock based compensation -2.24600M 0.14M -0.24900M 0.33M 0.08M
Other non cash items -141.32200M -24.02300M -105.80300M 40.28M -25.62300M
Free cash flow 82.50M 72.12M 69.86M 53.83M 29.16M

Peer Comparison

Sector: Real Estate Industry: REIT - Residential

Company 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)
MI-UN
Minto Apartment Real Estate Investment Trust		 -0.03 0.17% 17.44 - 18.15 4.22 0.57 10.21 -42.4706
CAR-UN
Canadian Apartment Properties Real Estate Investment Trust		 0.09 0.26% 34.20 - 17.83 7.60 0.85 14.21 -114.1787
BEI-UN
Boardwalk Real Estate Investment Trust		 0.17 0.27% 63.72 6.35 18.28 7.15 0.95 13.19 11.47
KMP-UN
Killam Apartment Real Estate Investment Trust		 - -% 18.10 8.59 15.24 6.32 0.88 12.62 12.24
IIP-UN
InterRent Real Estate Investment Trust		 -0.08 0.62% 12.72 - 20.70 8.16 0.73 15.28 147.10

Reports Covered

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Profile

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.

Minto Apartment Real Estate Investment Trust

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

Key Executives

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

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