- Magna International Inc. (MG)
- Minto Apartment Real Estate Investment Trust (MI.UN)
- Flagship Communities Real Estate Investment Trust (MHC.UN)
Q: How would you rank these three companies from an overall return stand point considering their market caps? What is expected in growth in balance of 2023 and 2024? How did they do in their last quarterly report? Would you recommend purchasing them at their current price?
5i Research Answer:
We would rank MG, MI.UN, MHC,UN
MG is expected to grow earnings by about 25% in 2024 after a 15% or so gain in 2023. Its last quarter was strongly above estimates. MI.UN as a REIT has much lower growth, about -1% in 2023 and 5% in 2024. It narrowly missed estimates last quarter. MHC.UN is similar, with higher growth than MI, about 8% and 7% expected for 23/24. It reported a positive earnings surprise last quarter.