Stock IIP.UN INTERRENT REAL ESTATE INVESTMENT TRUST
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Company InterRent Real Estate Investment Trust

Equities

IIP.UN

CA46071W2058

Residential REITs

Delayed Toronto S.E.
Other stock markets
 02:41:32 2024-04-23 pm EDT 		5-day change 1st Jan Change
12.36 CAD +0.98% Intraday chart for InterRent Real Estate Investment Trust +3.95% -6.58%
Apr. 17 REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences MT
Mar. 20 RBC Capital Markets Says Outperform Ratings For Canadian REITs Still Intact MT

Business Summary

InterRent Real Estate Investment Trust is a real estate investment trust. It is engaged in acquisition, ownership, management and repositioning of strategically located, income-producing, multi-residential properties. Its primary objectives are to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; to provide Unitholders with sustainable and growing cash distributions, payable monthly, and to maintain a conservative payout ratio and balance sheet. The Company's portfolio of properties is located across various locations, such as Ajax, Brossard, Gatineau, Hamilton, Mississauga, Montreal, Oakville, Ottawa, St. Catharines, Stratford, Toronto, Trenton, and Vancouver. Its properties include 10 - 14 REID DRIVE, 100 MAIN STREET, 1015 ORCHARD, 1170 FENNELL AVENUE, 1276 DORCHESTER AVENUE, and 15 DON STREET. It also owns a 605-suite apartment community at 2 & 4 Hanover Road in Brampton, Ontario.

Number of employees: 435

Sales per Business

CAD in Million2022Weight2023Weight Delta
Lease
98.2 %
212 97.9 % 233 98.2 % +9.89%
Non-lease
1.8 %
5 2.1 % 4 1.8 % -4.68%

Sales per region

CAD in Million2022Weight2023Weight Delta
Canada
100.0 %
216 100.0 % 237 100.0 % +9.58%

Managers

Managers TitleAgeSince
Brad Cutsey CEO
 Chief Executive Officer 51 15-04-05
Curt Millar DFI
 Director of Finance/CFO - 08-12-31
Mike McGahan CHM
 Chairman - 09-09-29
Will Chan CTO
 Chief Tech/Sci/R&D Officer - 07-12-31
Dave Nevins COO
 Chief Operating Officer - 18-01-31
Catherine Herbert HRO
 Human Resources Officer - -
Craig Stewart PRN
 Corporate Officer/Principal - -
Chris Willoughby SAM
 Sales & Marketing - 18-12-31

Members of the board

Members of the board TitleAgeSince
Brad Cutsey CEO
 Chief Executive Officer 51 15-04-05
Ronald Leslie BRD
 Director/Board Member - 11-04-30
John Jussup BRD
 Director/Board Member 71 19-02-24
Paul Amirault BRD
 Director/Board Member 67 10-04-30
Mike McGahan CHM
 Chairman - 09-09-29
Jean-Louis Bellemare BRD
 Director/Board Member - 22-05-31
Cheryl Pangborn BRD
 Director/Board Member - 17-04-30
Judy Hendriks BRD
 Director/Board Member - 22-05-31
Meghann O’Hara-Fraser BRD
 Director/Board Member - 23-06-11

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 0 2,160,766 0 0 94.48 %
Stock B 1 145,185,146 139,219,497 ( 95.89 %) 0

Shareholders

NameEquities%Valuation
Mike McGahan
3.698 %
5,353,871 3.698 % 54 M $
Middlefield Capital Corp.
0.4904 %
710,000 0.4904 % 7 M $
Catalyst Fund Managers (Pty) Ltd.
0.4804 %
695,552 0.4804 % 7 M $
Curt Millar
0.3299 %
477,671 0.3299 % 5 M $
Starlight Investments Capital LP
0.2574 %
372,617 0.2574 % 4 M $
Mike Clancy
0.2492 %
360,815 0.2492 % 4 M $
Dave Nevins
0.2311 %
334,578 0.2311 % 3 M $
Front Street Investment Management, Inc.
0.2306 %
333,800 0.2306 % 3 M $
Sentry Investments, Inc.
0.2153 %
311,710 0.2153 % 3 M $
Franklin Bissett Investment Management
0.1983 %
287,099 0.1983 % 3 M $
NameEquities%Valuation
Mike McGahan
57.89 %
1,974,516 57.89 % 20 M $

Company contact information

InterRent Real Estate Investment Trust

485 Bank Street Suite 207

K2P 1Z2, Ottawa

+

http://www.irent.com
address InterRent Real Estate Investment Trust(IIP.UN)

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Residential REITs
Residential REITs

Sales per Business

Ratings for InterRent Real Estate Investment Trust

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
12.24 CAD
Average target price
15.4 CAD
Spread / Average Target
+25.82%
Consensus

Quarterly revenue - Rate of surprise

Company calendar

Sector Residential REITs

1st Jan change Capi.
INTERRENT REAL ESTATE INVESTMENT TRUST Stock InterRent Real Estate Investment Trust
-6.95% 1.29B
AVALONBAY COMMUNITIES, INC. Stock AvalonBay Communities, Inc.
+0.71% 26.54B
EQUITY RESIDENTIAL Stock Equity Residential
+3.58% 23.7B
INVITATION HOMES INC. Stock Invitation Homes Inc.
-0.21% 20.69B
ESSEX PROPERTY TRUST, INC. Stock Essex Property Trust, Inc.
-2.38% 15.4B
MID-AMERICA APARTMENT COMMUNITY, INC. Stock Mid-America Apartment Community, Inc.
-4.68% 14.88B
SUN COMMUNITIES, INC. Stock Sun Communities, Inc.
-10.69% 14.74B
AMERICAN HOMES 4 RENT Stock American Homes 4 Rent
-0.85% 13.01B
EQUITY LIFESTYLE PROPERTIES, INC. Stock Equity LifeStyle Properties, Inc.
-11.53% 11.69B
CAMDEN PROPERTY TRUST Stock Camden Property Trust
-0.54% 10.67B
Residential REITs
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