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.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
Interactive Performance Chart
MI.UN was first recommended here on August 2, 2020