BMO Capital analyst Michael Markidis has maintained their bullish stance on MI.UN stock, giving a Buy rating on August 14.
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Michael Markidis has given his Buy rating due to a combination of factors that reflect the steady performance of Minto Apartment Real Estate Investment Trust. The company’s Q2/25 results aligned with expectations, demonstrating resilience in its primary business despite challenges in the furnished suites and commercial revenue segments. The extension of the Beechwood CDL and progress in intensification projects at Richgrove and LYM further support the company’s stability and growth prospects.
Additionally, Minto’s ability to maintain high occupancy rates amidst increased turnover and its strategic capital allocation through the NCIB highlight its operational efficiency. The REIT’s urban rental residential portfolio is well-positioned in Canada’s largest cities, offering an attractive valuation relative to peers. While immediate catalysts may be limited, the long-term outlook remains positive for patient investors, reinforcing the Buy recommendation.
According to TipRanks, Markidis is a 5-star analyst with an average return of 10.6% and a 69.79% success rate. Markidis covers the Real Estate sector, focusing on stocks such as RioCan Real Estate Investment, Canadian Apartment, and Crombie Real Estate ate.
In another report released on August 14, RBC Capital also maintained a Buy rating on the stock with a C$17.50 price target.