Canada's Minto Apartment REIT surges on $2.3 billion buyout

Minto Apartment Real Estate Investment Trust

05/01/2026 15:13

** Canada's Minto Apartment MI_u.TO REIT rises nearly 26.8% to about $17.3

** Co to be bought by Crestpoint Real Estate Investments and Minto Group affiliates in an all-cash take-private deal worth about $2.3 bln, including debt

** Deal represents a 32% premium to the security's last closing price on the Toronto Stock Exchange

**  Transaction expected to close in the second half of 2026

** Six of ten brokerages rate the stock "buy" and four "hold"; their median PT is $15.3, according to data compiled by LSEG

** Including session's moves, shares up 26.7% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))