Minto Apartment REIT (MIAPF) Q2 2025 Earnings Call Highlights: Navigating Growth Amidst Market ...

Same-Property Revenue and NOI Growth: Minto Apartment REIT reported a 2.3% increase in same-property revenue driven by a rise in unfurnished suite revenue, while same-property NOI grew by 1.6%. However, normalized FFO and AFFO per unit decreased due to higher operating expenses and the impact of property dispositions.

Leasing and Market Strategies: The REIT successfully signed new leases and executed significant commercial agreements, including a long-term lease expected to generate substantial annual rent. Despite facing challenges from increased competition and reduced revenue from furnished suites, the company is optimistic about maintaining occupancy levels through strategic marketing and leasing efforts.