Minto Apartment Real Estate Investment Trust ( MI.UN:CA ) Q3 2025 Earnings Call November 5, 2025 10:00 AM EST Company Participants Jonathan Li - President, CEO & Director Edward Fu - Chief Financial Officer Conference Call Participants Sairam Srinivas - Cormark Securities Inc., Research Division Jonathan Kelcher - TD Cowen, Research Division Kyle Stanley - Desjardins Securities Inc., Research Division Bradley Sturges - Raymond James Ltd., Research Division Mario Saric - Scotiabank Global Banking and Markets, Research Division Khing Shan - RBC Capital Markets, Research Division Matt Kornack - National Bank Financial, Inc., Research Division Michael Markidis - BMO Capital Markets Equity Research Dean Wilkinson - CIBC Capital Markets, Research Division Presentation Operator Good morning.
Minto REIT has been beaten down in the last couple of months. With the beat down after the recent results, this residential REIT now yields over 4%. We review the Q1 results and explain why we still think this landlord is a buy.
Minto is trading well below the P/B and P/AFFO ratios of all Canadian listed peers. Growth potential from lease turnover, development pipeline, and unique CDL usage. There is still significant room for growth, indicating potential for future capital appreciation.
| Specialty Retail Industry | Consumer Discretionary Sector | Kuangtao Wang CEO | AMEX Exchange | G6363T115 CUSIP |
| HK Country | 8 Employees | - Last Dividend | 12 Apr 2024 Last Split | - IPO Date |
NFT Limited, founded in 2009 and headquartered in Sha Tin, Hong Kong, operates within the burgeoning field of non-fungible tokens (NFTs), focusing primarily on the People's Republic of China. The company's core business revolves around its electronic online platform, nftoeo.com, which facilitates the offering, listing, and trading of artwork in the form of NFTs. This innovative platform serves as a digital marketplace for artists, art dealers, and art investors, allowing them to engage in the trade of digitalized artworks. NFT Limited's approach to digital art transactions not only democratizes access to art investments but also broadens the horizons for artists and art dealers seeking global exposure for their works.
nftoeo.com is NFT Limited's flagship service, offering an electronic online platform tailored for the trading of artwork in the form of NFTs. It enables artists, art dealers, and owners to list and trade their artwork, providing a bridge to a diverse market of investors. The platform covers a wide range of artworks including calligraphies, paintings, jewelry, and precious stones, ensuring a broad spectrum of investment opportunities for art investors.
Apart from its online trading platform, NFT Limited also extends its expertise through NFT consulting services. These services are designed to aid traders, original owners, and offering agents in navigating the complex landscape of NFT investments. By offering professional guidance, the company helps clients maximize their returns on art investments, ensuring a deeper understanding of market trends and investment strategies.