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 |