Michael Waters

Minto Apartment REIT sees Q2 revenues fall despite record lease signings

Residential

The Ottawa-based REIT reported funds from operations of $11.9 million in the three-month period ending June 30, down from $12.7 million a year earlier.

Minto Apartment REIT sees vacancies rise in Q1

Residential

Company blames drop in suite occupancy rates on economic fallout from the pandemic.

Minto Apartment REIT loans sister firm $50M for Beechwood project

Residential

Minto Properties will construct the nine-storey building with about 230 rental suites at a one-acre site on Beechwood Avenue, and the REIT will have the

Minto Apartment REIT’s earnings up in 2020 despite rising vacancies

Residential

The REIT said it generated funds from operations of $50 million for the year ending Dec. 31, up from $39.6 million in 2019.

Minto Apartment REIT makes first move into B.C. by backing Vancouver-area project

Residential

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

Minto REIT’s rental revenues continue to rise in Q3 despite pandemic

Residential

Firm’s funds from operations for the three-month period ending Sept. 30 increased 22 per cent year-over-year to $13.2 million.

Ottawa in prime position to become e-commerce hub, Broccolini exec says

Non-Residential

Capital’s location between Toronto and Montreal makes it a sought-after site for retailers looking satisfy growing demand for same-day deliveries, Anthony Broccolini says.

Minto REIT in ‘strong position’ to weather COVID-19 storm, CEO says

Residential

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”