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
Unlike office properties, downtown apartments have already seen a recovery in occupancy. Rental yields continue to remain high, as increased immigration, averaging 500,000 a year for the next three years, drives demand for rental space. Selling at a 38% discount to its NAV, Minto remains a Buy. - Gavin Graham
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MI.UN was first recommended here on August 2, 2020