Minto is a REIT that owns and operates a portfolio of 29 high quality, multi-residential properties in Toronto, Ottawa, Montreal, Calgary, and Edmonton. It describes itself as Canada’s only 100% urban residential REIT, as all of its properties are located in urban core areas with excellent transport links.
Income Investor
Sorry, you do not have access to this content.Minto is off 28.5% this year so far and selling at a remarkable 35% discount to its net asset value of $24.33 per unit (but that’s up 1.4% from end 2021). At this price, Minto is a very attractive play on the return of demand for urban living as restaurants, cinemas, museums, and sporting activities reopen after the pandemic and rents as a percentage of average wages remain at the same level as most of the last decade. Buy now. - Gavin Graham