InterRent Real Estate Investment Trust : 2020 Annual Report
June 18, 2021 at 04:27 pm EDT
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2020 annual report
CONTENTS
Quick Facts
4
Message to Our Unitholders
6
Who We Are
8
Mission Statement
8
Company Values
9
Value Creation Strategy
10
Creating Value for Our Investors
12
Case Studies - Value Creation
14
Financial Information
16
Portfolio Map
20
Strategically Growing the
22
Portfolio
Acquisitions
24
Multi-Family Market Overviews
Canada
26
GTA (Including Hamilton)
28
Montreal
30
National Capital Region
32
Tech Initiatives
34
Social Media
36
Building a Sustainable
38
Foundation
Our Residents
40
Our Team
42
Our Communities
44
Our Investors
46
Climate Change
48
Management's Discussion and
50
Analysis
Consolidated Financial
91
Statements
The Trust is a growth-oriented real estate investment trust engaged in increasing Unitholder value through the acquisition, ownership, management and repositioning of strategically located, income producing, multi-residential properties.
Pavillon Hutchison | 3474 Hutchison St, Montreal
Pavillon Milton | 625 Milton Street, Montreal
QUICK FACTS
at December 31, 2020
11,047
63.9%
Total Suites
NOI Margin
94
$3.2Billion
Total Properties
Total Assets
$1,315
137%
Average rent per suite
Unitholder 5-year
TOTAL RETURN
31.1%
$343.6 Million
Debt to gbv
Available Liquidity
4 InterRent REIT 2020 Annual Report
Geographic Exposure by Suite Count
2019
2020
%
15.7%
15.1
26.8%
29.1%
27.4%
25.2%
%
32.3%
28.4
NCR
GTA (including Hamilton)
Montreal
Secondary Markets
Portfolio Breakdown
Repositioned Suites
Non-Repositioned Suites
2020
68.5%
31.5%
2019
64.4%
35.6%
$1,354
$91,313
Same Property
Same Property
$90,664
Average Rent
$1,286
NOI Growth
Growth
+0.7%
+5.3%
2019
2020
2019
2020
FFO & AFFO per Unit - Diluted
$0.483
$0.428
$0.466
FFO/Unit
AFFO/Unit
$0.412
Growth
Growth
-3.5%
-3.7%
0.483
2019
2020
2019
2020
InterRent REIT 2020 Annual Report
5
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InterRent Real Estate Investment Trust published this content on 18 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2021 20:26:05 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.
INTERRENT REAL ESTATE INVESTMENT TRUST 
