Minto Apartment Real Estate Investment Trust (MI-UN) - Net Assets
Based on the latest financial reports, Minto Apartment Real Estate Investment Trust (MI-UN) has net assets worth CA$1.05 Billion CAD (≈ $756.29 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.63 Billion ≈ $1.90 Billion USD) and total liabilities (CA$1.58 Billion ≈ $1.14 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read how much debt does Minto Apartment Real Estate Investment T carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.05 Billion |
| % of Total Assets | 39.79% |
| Annual Growth Rate | 15.16% |
| 5-Year Change | 31.23% |
| 10-Year Change | N/A |
| Growth Volatility | 53.7 |
Minto Apartment Real Estate Investment Trust - Net Assets Trend (2015–2024)
This chart illustrates how Minto Apartment Real Estate Investment Trust's net assets have evolved over time, based on quarterly financial data. Also explore how large is Minto Apartment Real Estate Investment T's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Minto Apartment Real Estate Investment Trust (2015–2024)
The table below shows the annual net assets of Minto Apartment Real Estate Investment Trust from 2015 to 2024. For live valuation and market cap data, see market cap of Minto Apartment Real Estate Investment T.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.12 Billion ≈ $807.11 Million |
+3.56% |
| 2023-12-31 | CA$1.08 Billion ≈ $779.36 Million |
-11.22% |
| 2022-12-31 | CA$1.21 Billion ≈ $877.85 Million |
+20.15% |
| 2021-12-31 | CA$1.01 Billion ≈ $730.62 Million |
+18.79% |
| 2020-12-31 | CA$850.22 Million ≈ $615.04 Million |
+23.80% |
| 2019-12-31 | CA$686.77 Million ≈ $496.80 Million |
+165.93% |
| 2018-12-31 | CA$258.25 Million ≈ $186.82 Million |
-38.98% |
| 2017-12-31 | CA$423.19 Million ≈ $306.13 Million |
+13.11% |
| 2016-12-31 | CA$374.15 Million ≈ $270.66 Million |
+19.45% |
| 2015-12-31 | CA$313.22 Million ≈ $226.58 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Minto Apartment Real Estate Investment Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 51676900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$516.77 Million | 46.32% |
| Common Stock | CA$735.31 Million | 65.90% |
| Other Comprehensive Income | CA$-136.33 Million | -12.22% |
| Total Equity | CA$1.12 Billion | 100.00% |
Minto Apartment Real Estate Investment Trust Competitors by Market Cap
The table below lists competitors of Minto Apartment Real Estate Investment Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NIIT LEARNING SYSTEMS LTD
NSE:NIITMTS
|
$463.86 Million |
|
Huons Global Co. Ltd
KQ:084110
|
$463.90 Million |
|
Duta Pertiwi Tbk
JK:DUTI
|
$463.96 Million |
|
4D Molecular Therapeutics Inc
NASDAQ:FDMT
|
$464.06 Million |
|
Malteries Franco-Belges Société Anonyme
PA:MALT
|
$463.75 Million |
|
Changsha Tongcheng Holdings Co Ltd
SHE:000419
|
$463.74 Million |
|
CN EVERBRIGHT WATER HD 1
F:BIU2
|
$463.60 Million |
|
Holsin Engineering Consulting
SHG:603909
|
$463.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Minto Apartment Real Estate Investment Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,077,381,000 to 1,115,747,000, a change of 38,366,000 (3.6%).
- Net income of 63,238,000 contributed positively to equity growth.
- Dividend payments of 20,196,000 reduced retained earnings.
- Share repurchases of 4,742,000 reduced equity.
- Other comprehensive income decreased equity by 136,333,000.
- Other factors increased equity by 136,399,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$63.24 Million | +5.67% |
| Dividends Paid | CA$20.20 Million | -1.81% |
| Share Repurchases | CA$4.74 Million | -0.43% |
| Other Comprehensive Income | CA$-136.33 Million | -12.22% |
| Other Changes | CA$136.40 Million | +12.22% |
| Total Change | CA$- | 3.56% |
Book Value vs Market Value Analysis
This analysis compares Minto Apartment Real Estate Investment Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.63x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.05x to 0.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CA$8.54 | CA$17.50 | x |
| 2016-12-31 | CA$10.20 | CA$17.50 | x |
| 2017-12-31 | CA$11.53 | CA$17.50 | x |
| 2018-12-31 | CA$16.28 | CA$17.50 | x |
| 2019-12-31 | CA$14.58 | CA$17.50 | x |
| 2020-12-31 | CA$14.40 | CA$17.50 | x |
| 2021-12-31 | CA$16.92 | CA$17.50 | x |
| 2022-12-31 | CA$18.71 | CA$17.50 | x |
| 2023-12-31 | CA$16.41 | CA$17.50 | x |
| 2024-12-31 | CA$27.95 | CA$17.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Minto Apartment Real Estate Investment Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.26%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.37x
- Recent ROE (5.67%) is below the historical average (11.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 10.58% | 47.04% | 0.08x | 2.93x | CA$1.82 Million |
| 2016 | 4.83% | 24.04% | 0.08x | 2.66x | CA$-19.35 Million |
| 2017 | 16.31% | 87.24% | 0.07x | 2.57x | CA$26.72 Million |
| 2018 | 19.12% | 116.28% | 0.04x | 4.67x | CA$23.56 Million |
| 2019 | -2.34% | -15.41% | 0.05x | 2.99x | CA$-84.78 Million |
| 2020 | 30.10% | 204.84% | 0.06x | 2.59x | CA$170.89 Million |
| 2021 | 5.37% | 43.90% | 0.05x | 2.42x | CA$-46.76 Million |
| 2022 | 32.05% | 270.45% | 0.05x | 2.25x | CA$267.53 Million |
| 2023 | -10.83% | -73.87% | 0.06x | 2.51x | CA$-224.40 Million |
| 2024 | 5.67% | 40.26% | 0.06x | 2.37x | CA$-48.34 Million |
Industry Comparison
This section compares Minto Apartment Real Estate Investment Trust's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,577,937,765
- Average return on equity (ROE) among peers: 6.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Minto Apartment Real Estate Investment Trust (MI-UN) | CA$1.05 Billion | 10.58% | 1.51x | $463.75 Million |
| Boardwalk Real Estate Investment Trust (BEI-UN) | $217.30 Million | 3.68% | 3.28x | $2.34 Billion |
| Canadian Apartment Properties Real Estate Investment Trust (CAR-UN) | $10.40 Billion | 13.39% | 0.70x | $4.06 Billion |
| European Residential Real Estate Investment Trust (ERE-UN) | $3.35 Million | -1.83% | 0.09x | $79.47 Million |
| BSR Real Estate Investment Trust (HOM-UN) | $657.60 Million | -6.12% | 1.71x | $114.41K |
| InterRent Real Estate Investment Trust (IIP-UN) | $2.82 Million | 6.08% | 1.84x | $1.33 Billion |
| Killam Apartment Real Estate Investment Trust (KMP-UN) | $2.11 Billion | 13.52% | 1.17x | $1.50 Billion |
| Lanesborough Real Estate Investment Trust (LRT-UN) | $-36.64 Million | 0.00% | 0.00x | $2.46 Million |
| Flagship Communities Real Estate Investment Trust (MHC-U) | $322.69 Million | 18.60% | 1.15x | $368.64 Million |
| Morguard North American Residential Real Estate Investment Trust (MRG-UN) | $522.96 Million | 10.78% | 2.20x | $424.29 Million |
About Minto Apartment Real Estate Investment Trust
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, Montréa… Read more