InterRent REIT

Investor Presentation

Q3 2021 Conference Call

November 8, 2021

Forward Looking Statements

Le Neuville | 1101 rue Rachel, Montréal

This presentation contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". InterRent is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. A full description of these risk factors can be found in InterRent's publicly filed information which may be located at www.sedar.com. InterRent cannot assure investors that actual results will be consistent with these forward-looking statements and InterRent assumes no obligation to update or revise the forward-looking statements contained in this presentation to reflect actual events or new circumstances.

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Contents

On Investors' Minds

4

Quarterly Results at a Glance

6

Portfolio Characteristics

8

Capital Deployment

12

Balance Sheet

17

Sustainability

20

Key Takeaways

22

Appendix

24

Lakeview | Hamilton

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On Investors' Minds

West236 | 236 Richmond Rd, Ottawa

ON INVESTORS' MINDS

Demand Thesis Intact

LEASING STRENGTH HAS CONTINUED INTO Q4

94.4%

92.5%

91.5%91.3%

95.0%+

June

July

Aug

Sep

Oct1

Occupancy

1 Based on preliminary figures as of November 4, 2021

IMMIGRATION LEVELS AMONG HISTORICAL HIGHS

FLIGHT BAN ON INDIA LIFTED IN LATE SEPTEMBER

50,000

Canada's international student base2

45,000

40,000

39,625

37,780

Other

35,775

India

33%

30,000

Historical monthly range

34%

20,000

10,000

Vietnam

3%

-

France

Korea

China

Jan

Feb Mar Apr May Jun Jul

Aug Sep

4%

4%

22%

New Permanent Residents

2 Canadian study permit holders on December 31, 2019 by country of citizenship

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Disclaimer

InterRent Real Estate Investment Trust published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 13:27:05 UTC.