HomeMortgageMinto Apartment REIT Reports 2022 Second Quarter Financial Results

Minto Apartment REIT Reports 2022 Second Quarter Financial Results

— Strong growth in occupancy and gain-to-lease as the REIT’s performance returns to pre-pandemic levels —

OTTAWA, ON, Aug. 9, 2022 /CNW/ – Minto Apartment Real Estate Investment Trust (the “REIT”) (TSX: MI.UN) today announced its financial results for the second quarter and six months ended June 30, 2022 (“Q2 2022” and “YTD 2022”, respectively). The Condensed Consolidated Interim Financial Statements and Management’s Discussion and Analysis (“MD&A”) for Q2 2022 and YTD 2022 are available on the REIT’s website at www.mintoapartments.com and at www.sedar.com.1

“Our financial performance strengthened in the second quarter, supported by steadily improving market conditions. Occupancy continued to increase and we achieved an average gain of 12.1% on new leases signed,” said Michael Waters, the REIT’s Chief Executive Officer. “As the negative impact of COVID-19 on urban rental markets…

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