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.
InterRent REIT | Q3 2021
2
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
InterRent REIT | Q3 2021
3
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
InterRent REIT | Q3 2021
5
Attachments
Original document
Permalink
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.
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.