Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Minto Apartment Real Estate Investment Trust (T:MI.UN)

Business Focus: Residential REITs

Sector:  Real Estate Industry:  Residential REITs
 
Company Contact
Address: 200 - 180 Kent Street
Ottawa ON K1P 0B6
Tel: N/A
Website: https://www.mintoapartments.com
IR: See website
Key People
Roger Greenberg
Chairman of the Board of Trustee
Jonathan Li
President, Chief Executive Officer
Edward Fu
Chief Financial Officer
Paul Baron
Senior Vice President - Operations
Ben Mullen
Senior Vice President - Asset Management
Martin Tovey
Senior Vice President - Investments
Glen Macmullin
Chief Investment Officer
Stephen Marshall
Vice President - Operations
John Moss
General Counsel, Corporate Secretary
Business Overview
Minto Apartment Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns income-producing multi-residential properties located in urban markets in Canada. It owns a portfolio of about 29 income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa, and Calgary. The Company's properties include Richgrove, Martin Grove, Minto Yorkville, Roehampton, Niagara West, Minto one80five, Parkwood Hills Garden Homes & Townhomes, Aventura, Huron, Seneca, Castleview, Skyline Garden Homes, Maisonettes & Walkups, The Carlisle, Castle Hill, Tanglewood, Frontenac, Stratford, Rockhill, Haddon Hall, The Quarters, The Laurier, Kaleidoscope, The International, Le 4300, Le Hill-Park, Eleanor, High Park Village, Leslie York Mills and others.
Financial Overview
For the fiscal year ended 31 December 2023, Minto Apartment Real Estate Invt Trust revenues increased 10% to C$157.9M. Net loss totaled C$116.7M vs. income of C$225.4M. Revenues reflect Funds from Operations - Per Share - Basi increase of 1% to C$0.84, Rental revenue increase of 11% to C$134.8M, Revenue from services increase of 4% to C$23.2M. Net loss reflects FV Adjustments on Investm decrease from C$197.5M (income) to C$54.9M (expense).
Employees: 254 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $1,559M as of Dec 31, 2023
Annual revenue (TTM): $157.93M as of Dec 31, 2023
EBITDA (TTM): $99.17M as of Dec 31, 2023
Net annual income (TTM): -$116.66M as of Dec 31, 2023
Free cash flow (TTM): $55.20M as of Dec 31, 2023
Net Debt Last Fiscal Year: $926.31M as of Dec 31, 2023
Shares outstanding: 39,898,612 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization