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MI-UN Fair Value & Analysis

Real Estate · CA · Market cap C$1.1B

MU MI-UN MI-UN · TO
PriceC$17.99
Fair ValueC$7.58
Upside-57.9%
Quality44/100
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Evidence: Medium Range C$1.73 – C$13.44 📤 Share as image

Fair value as of: Jul 13, 2026

From 10 valuation models · updated 8 days ago

Share price +3.3% over the past month.

Price vs Fair Value (12 months)

C$18.00 C$12.80 Fair Value C$7.58 Jul 2025 Jul 2026

12‑month range C$12.80 – C$18.00 · fair‑value band C$1.73 – C$13.44 · the C$17.99 price screens above the C$7.58 fair value. As of Jul 13, 2026.

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Analysis

MI-UN (MI-UN) currently trades at C$17.99, while our model-based Fair Value estimate is C$7.58, implying the stock looks roughly 57.9% overvalued today. We read business quality at 44/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Trailing-twelve-month revenue stands at C$152M. Revenue declined 2.1% year over year. It earns a return on equity of -39.8%. Net debt stands at C$1.2B. Fundamentals as of Jul 13, 2026

Our scenario range runs from C$1.73 (bear case) to C$13.44 (bull case); at C$17.99, the current price sits above that range. The share trades near its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -13% fair-value upside, at -58%, MI-UN screens richer than that median.

Key figures & financial health

Revenue (TTM) C$152M
Revenue growth (YoY) -2.1%
Net margin -237%
Return on equity -39.8%
Free cash flow C$22.1M FY2025
Operating margin 44.2%
More key figures
EPS (TTM) C$-9.85
Dividend yield 3.0%
EPS growth (YoY) -29.9%
Net debt C$1.2B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 13, 2026. TTM = trailing twelve months.

About the company

Minto Apartment Real Estate Investment Trust, an open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada. As of December 31, 2020, its portfolio consists of interests in 29 multi-residential rental properties, including three mixed-use residential apartment and commercial buildings in Toronto, Ottawa, Montréal, Calgary, and Edmonton. Minto Apartment Real Estate Investment Trust was founded in 2018 and is headquartered in Ottawa, Canada.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MI-UN reported revenue of C$158M in FY2025 versus C$124M in FY2021, a compound +6.3%/yr. Reported net income was −C$244M in FY2025.

Revenue +6.3%/yr
FY21 C$124M
FY22 C$144M
FY23 C$158M
FY24 C$157M
FY25 C$158M
Net income
FY21 C$54.2M
FY22 C$389M
FY23 −C$117M
FY24 C$63.2M
FY25 −C$244M

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Cite: Fair Value Calculator (2026). "MI-UN Fair Value". https://www.fairvalue-calculator.com/stock/MI-UN

Similar stocks

10 more REIT - Residential stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
E1QR34 E1QR34 R$164.90 R$144.76 -12%
AvalonBay Communities, Inc AVB $186.13 $126.12 -32%
EQR EQR $65.70 $56.87 -13%
Essex Property Trust, Inc E1SS34 R$130.99 R$115.84 -12%
Invitation Homes INVH $28.44 $23.59 -17%
Mid-America Apartment Communities, Inc MAA $132.50 $75.54 -43%
Sun Communities, Inc SUI $118.58 $114.79 -3%
UDR, Inc UDR $38.39 $19.76 -49%
American Homes 4 Rent (AMH or the General Partner) AMH $32.46 $31.29 -4%
Equity LifeStyle Properties, Inc ELS $62.60 $41.53 -34%

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Frequently asked questions

Is MI-UN undervalued?
As of Jul 13, 2026, our model estimates a fair value of C$7.58 versus a price of C$17.99, about −58% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MI-UN?
Our model-based fair value for MI-UN is C$7.58 (as of Jul 13, 2026), built from audited fundamentals. The current price is C$17.99.
What is the quality score of MI-UN?
MI-UN has a Quality Score of 44/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of MI-UN?
MI-UN reported trailing-twelve-month revenue of about C$152M (latest available figure, as of Jul 13, 2026).
Does MI-UN pay a dividend?
MI-UN currently shows a dividend yield of about 3.02% relative to its recent price (as of Jul 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.