Q: Minto Reit. Do you consider Minto a buy, hold or sell.
Thanks.
Thanks.
5i Research Answer:
MI.UN we would consider a HOLD. A decent enough REIT, but relatively small, which adds risks, and it is above-average valuation vs peers. Payout ratio f 66%, but did move up 4 points in the recent quarter. There is of course rate and economic sensitivity here as well.