The move allows Minto to fast-track the process of issuing new units on the Toronto Stock Exchange as a means of raising capital to acquire more property.
Minto Apartment REIT
The REIT is providing $11.9 million for a joint venture between Minto Properties, and a subsidiary of B.C.-based Darwin Properties to build the first phase of a master-planned community in North…
Firm's funds from operations for the three-month period ending Sept. 30 increased 22 per cent year-over-year to $13.2 million.
Veteran executive played a key role in the creation of a real estate investment trust now valued at $2 billion.
Ottawa-based real estate firm says the 'vast majority of residents have continued to pay their rent on time during the pandemic.'
REIT is looking at building a significant number of new apartment units at three of its existing Toronto sites.
Ottawa-based Minto Apartment REIT says tenants continued to pay rent at a typical rate in May, adding the company remains in a “strong financial position” despite the COVID-19 crisis.
The REIT said it had collected 97 per cent of this month’s total rent owing as of April 14, which it called “a level consistent with its normal collection cycle.”
Minto Apartment Real Estate Investment Trust turned in solid growth in the fourth quarter of its fiscal year
As its property managers sign tenants to increasingly lucrative leases, Minto Apartment REIT is seeing its quarterly earnings rise in step