Minto Apartment REIT owns and operates 28 high-quality multi-residential apartment properties comprising 7,726 suites with 2,484 suites in Toronto, 2,784 in Ottawa, 1,793 in Montreal, and 665 in Calgary. It has convertible development loans on two properties in Vancouver and one in Victoria.
Income Investor
Sell. Having recently recommended buying the largest apartment REITs (CAP REIT) and second largest (Killam REIT), it makes sense to sell Minto as investors focus on other ways to gain exposure to the sector. After taking income into account, there’s a negative total return of 12%. - Gavin Graham
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MI.UN was first recommended here on August 2, 2020