Canada's Minto Apartment REIT Q2 revenue drops

Minto Apartment Real Estate Investment Trust

13/08/2025 22:10

Overview

Minto Apartment REIT Q2 revenue down 1.1%

Normalized FFO per unit falls 2.5%, AFFO per unit down 3.2%

REIT reports net loss of C$1.1 mln, impacted by fair value losses

Outlook

Company expects to reposition 50 to 70 suites in 2025

Company sees commercial lease commencements in November 2025 and January 2026

Result Drivers

SPP REVENUE GROWTH - Driven by a 5.2% increase in average monthly rent, despite higher suite turnover and vacancy

LEASING STRATEGIES - Implemented flexible pricing and early renewals to bolster occupancy

COMMERCIAL LEASING - Executed new leases expected to generate over $1.0 mln in annual rent

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue from Investment Properties
C$38.48 mln
Q2 Adjusted FFO
C$13.34 mln
Q2 FFO
C$15.14 mln
Q2 Adjusted FFO Per Share
C$0.2391
Q2 FFO Per Share
C$0.2391


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the residential reits peer group is "buy"

Wall Street's median 12-month price target for Minto Apartment Real Estate Investment Trust is C$16.00, about 14.8% above its August 12 closing price of C$13.63

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nCNWYhcbDa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)