MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis

TSX:MI-UN • CA60448E1034

17.57 CAD
+0.02 (+0.11%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall MI-UN gets a fundamental rating of 5 out of 10. We evaluated MI-UN against 16 industry peers in the Residential REITs industry. While MI-UN has a great profitability rating, there are quite some concerns on its financial health. MI-UN has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year MI-UN was profitable.
  • MI-UN had a positive operating cash flow in the past year.
  • Of the past 5 years MI-UN 4 years were profitable.
  • In the past 5 years MI-UN always reported a positive cash flow from operatings.
MI-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFMI-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

1.2 Ratios

  • MI-UN's Return On Assets of 2.87% is amongst the best of the industry. MI-UN outperforms 81.25% of its industry peers.
  • MI-UN has a better Return On Equity (7.22%) than 81.25% of its industry peers.
  • MI-UN's Return On Invested Capital of 2.85% is in line compared to the rest of the industry. MI-UN outperforms 56.25% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MI-UN is in line with the industry average of 2.96%.
  • The last Return On Invested Capital (2.85%) for MI-UN is above the 3 year average (2.62%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.87%
ROE 7.22%
ROIC 2.85%
ROA(3y)2.11%
ROA(5y)3.67%
ROE(3y)4.47%
ROE(5y)8.77%
ROIC(3y)2.62%
ROIC(5y)2.55%
MI-UN.CA Yearly ROA, ROE, ROICMI-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • MI-UN has a better Profit Margin (48.69%) than 81.25% of its industry peers.
  • MI-UN's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 63.34%, MI-UN belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MI-UN has remained more or less at the same level.
  • MI-UN's Gross Margin of 63.34% is on the low side compared to the rest of the industry. MI-UN is outperformed by 62.50% of its industry peers.
  • In the last couple of years the Gross Margin of MI-UN has remained more or less at the same level.
Industry RankSector Rank
OM 63.34%
PM (TTM) 48.69%
GM 63.34%
OM growth 3Y1.23%
OM growth 5Y0.48%
PM growth 3Y-19.17%
PM growth 5Y16.06%
GM growth 3Y1.23%
GM growth 5Y0.48%
MI-UN.CA Yearly Profit, Operating, Gross MarginsMI-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 150

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The number of shares outstanding for MI-UN has been reduced compared to 1 year ago.
  • Compared to 5 years ago, MI-UN has more shares outstanding
  • The debt/assets ratio for MI-UN has remained at the same level compared to a year ago.
MI-UN.CA Yearly Shares OutstandingMI-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
MI-UN.CA Yearly Total Debt VS Total AssetsMI-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • Based on the Altman-Z score of 0.56, we must say that MI-UN is in the distress zone and has some risk of bankruptcy.
  • MI-UN has a Altman-Z score of 0.56. This is comparable to the rest of the industry: MI-UN outperforms 50.00% of its industry peers.
  • The Debt to FCF ratio of MI-UN is 10.07, which is on the high side as it means it would take MI-UN, 10.07 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 10.07, MI-UN belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
  • MI-UN has a Debt/Equity ratio of 0.86. This is a neutral value indicating MI-UN is somewhat dependend on debt financing.
  • MI-UN has a worse Debt to Equity ratio (0.86) than 81.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF 10.07
Altman-Z 0.56
ROIC/WACCN/A
WACCN/A
MI-UN.CA Yearly LT Debt VS Equity VS FCFMI-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

  • MI-UN has a Current Ratio of 0.07. This is a bad value and indicates that MI-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of MI-UN (0.07) is worse than 68.75% of its industry peers.
  • A Quick Ratio of 0.07 indicates that MI-UN may have some problems paying its short term obligations.
  • MI-UN has a Quick ratio of 0.07. This is in the lower half of the industry: MI-UN underperforms 68.75% of its industry peers.
Industry RankSector Rank
Current Ratio 0.07
Quick Ratio 0.07
MI-UN.CA Yearly Current Assets VS Current LiabilitesMI-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • MI-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.72%, which is quite impressive.
  • The Earnings Per Share has been growing by 23.76% on average over the past years. This is a very strong growth
  • MI-UN shows a decrease in Revenue. In the last year, the revenue decreased by -1.88%.
  • The Revenue has been growing by 8.51% on average over the past years. This is quite good.
EPS 1Y (TTM)172.72%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%21.35%
Revenue 1Y (TTM)-1.88%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-1.92%

3.2 Future

  • The Earnings Per Share is expected to grow by 70.43% on average over the next years. This is a very strong growth
  • MI-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.53% yearly.
EPS Next Y50%
EPS Next 2Y120.23%
EPS Next 3Y70.43%
EPS Next 5YN/A
Revenue Next Year-1.57%
Revenue Next 2Y2.03%
Revenue Next 3Y2.53%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MI-UN.CA Yearly Revenue VS EstimatesMI-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
MI-UN.CA Yearly EPS VS EstimatesMI-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 2 3 4

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6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.15, the valuation of MI-UN can be described as very reasonable.
  • Based on the Price/Earnings ratio, MI-UN is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
  • MI-UN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.13.
  • The Price/Forward Earnings ratio is 29.93, which means the current valuation is very expensive for MI-UN.
  • 62.50% of the companies in the same industry are cheaper than MI-UN, based on the Price/Forward Earnings ratio.
  • MI-UN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.15
Fwd PE 29.93
MI-UN.CA Price Earnings VS Forward Price EarningsMI-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MI-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MI-UN is cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.55
EV/EBITDA N/A
MI-UN.CA Per share dataMI-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • MI-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of MI-UN may justify a higher PE ratio.
  • A more expensive valuation may be justified as MI-UN's earnings are expected to grow with 70.43% in the coming years.
PEG (NY)0.18
PEG (5Y)0.39
EPS Next 2Y120.23%
EPS Next 3Y70.43%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • MI-UN has a Yearly Dividend Yield of 3.21%. Purely for dividend investing, there may be better candidates out there.
  • MI-UN's Dividend Yield is slightly below the industry average, which is at 4.86.
  • MI-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.21%

5.2 History

  • The dividend of MI-UN has a limited annual growth rate of 4.07%.
  • MI-UN has been paying a dividend for over 5 years, so it has already some track record.
  • MI-UN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)4.07%
Div Incr Years6
Div Non Decr Years6
MI-UN.CA Yearly Dividends per shareMI-UN.CA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 52.85% of the earnings are spent on dividend by MI-UN. This is a bit on the high side, but may be sustainable.
  • The dividend of MI-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP52.85%
EPS Next 2Y120.23%
EPS Next 3Y70.43%
MI-UN.CA Yearly Income VS Free CF VS DividendMI-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M
MI-UN.CA Dividend Payout.MI-UN.CA Dividend Payout, showing the Payout Ratio.MI-UN.CA Dividend Payout.PayoutRetained Earnings

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MINTO APARTMENT REAL ESTATE

TSX:MI-UN (3/2/2026, 7:00:00 PM)

17.57

+0.02 (+0.11%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)11-04
Earnings (Next)03-04
Inst Owners27.17%
Inst Owner ChangeN/A
Ins Owners2.34%
Ins Owner ChangeN/A
Market Cap643.59M
Revenue(TTM)154.98M
Net Income(TTM)75.46M
Analysts75
Price Target17.72 (0.85%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.21%
Yearly Dividend1.04
Dividend Growth(5Y)4.07%
DP52.85%
Div Incr Years6
Div Non Decr Years6
Ex-Date02-27
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.56%
PT rev (3m)11.38%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-117.24%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)0.12%
Valuation
Industry RankSector Rank
PE 9.15
Fwd PE 29.93
P/S 4.15
P/FCF 6.55
P/OCF 6.55
P/B 0.62
P/tB 0.62
EV/EBITDA N/A
EPS(TTM)1.92
EY10.93%
EPS(NY)0.59
Fwd EY3.34%
FCF(TTM)2.68
FCFY15.27%
OCF(TTM)2.68
OCFY15.27%
SpS4.23
BVpS28.54
TBVpS28.54
PEG (NY)0.18
PEG (5Y)0.39
Graham Number35.11
Profitability
Industry RankSector Rank
ROA 2.87%
ROE 7.22%
ROCE 3.96%
ROIC 2.85%
ROICexc 2.86%
ROICexgc 2.86%
OM 63.34%
PM (TTM) 48.69%
GM 63.34%
FCFM 63.4%
ROA(3y)2.11%
ROA(5y)3.67%
ROE(3y)4.47%
ROE(5y)8.77%
ROIC(3y)2.62%
ROIC(5y)2.55%
ROICexc(3y)2.62%
ROICexc(5y)2.55%
ROICexgc(3y)2.62%
ROICexgc(5y)2.55%
ROCE(3y)3.63%
ROCE(5y)3.54%
ROICexgc growth 3Y7.04%
ROICexgc growth 5Y3.8%
ROICexc growth 3Y7.04%
ROICexc growth 5Y3.8%
OM growth 3Y1.23%
OM growth 5Y0.48%
PM growth 3Y-19.17%
PM growth 5Y16.06%
GM growth 3Y1.23%
GM growth 5Y0.48%
F-Score4
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF 10.07
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.4
Cash Conversion N/A
Profit Quality 130.21%
Current Ratio 0.07
Quick Ratio 0.07
Altman-Z 0.56
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)172.72%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%21.35%
EPS Next Y50%
EPS Next 2Y120.23%
EPS Next 3Y70.43%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.88%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-1.92%
Revenue Next Year-1.57%
Revenue Next 2Y2.03%
Revenue Next 3Y2.53%
Revenue Next 5YN/A
EBIT growth 1Y-3.52%
EBIT growth 3Y9.67%
EBIT growth 5Y9.02%
EBIT Next Year-6.93%
EBIT Next 3Y1.12%
EBIT Next 5YN/A
FCF growth 1Y16.43%
FCF growth 3Y9.95%
FCF growth 5Y12.24%
OCF growth 1Y16.43%
OCF growth 3Y9.95%
OCF growth 5Y12.24%

MINTO APARTMENT REAL ESTATE / MI-UN.CA FAQ

What is the fundamental rating for MI-UN stock?

ChartMill assigns a fundamental rating of 5 / 10 to MI-UN.CA.


What is the valuation status for MI-UN stock?

ChartMill assigns a valuation rating of 6 / 10 to MINTO APARTMENT REAL ESTATE (MI-UN.CA). This can be considered as Fairly Valued.


What is the profitability of MI-UN stock?

MINTO APARTMENT REAL ESTATE (MI-UN.CA) has a profitability rating of 7 / 10.


What is the financial health of MINTO APARTMENT REAL ESTATE (MI-UN.CA) stock?

The financial health rating of MINTO APARTMENT REAL ESTATE (MI-UN.CA) is 3 / 10.


Can you provide the dividend sustainability for MI-UN stock?

The dividend rating of MINTO APARTMENT REAL ESTATE (MI-UN.CA) is 5 / 10 and the dividend payout ratio is 52.85%.