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    IIP.UN   CA46071W2058

INTERRENT REAL ESTATE INVESTMENT TRUST

(IIP.UN)
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InterRent Real Estate Investment Trust : 2020 Annual Report

06/18/2021 | 04:27pm EDT

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

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

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.


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Financials
Sales 2021 183 M 147 M 147 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 1,80%
Capitalization 2 485 M 1 996 M 1 995 M
Capi. / Sales 2021 13,6x
Capi. / Sales 2022 12,0x
Nbr of Employees 427
Free-Float 94,5%
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 17,85 CAD
Average target price 17,55 CAD
Spread / Average Target -1,68%
Managers and Directors
Mike McGahan Chief Executive Officer & Trustee
Brad Cutsey President
Curt Millar Chief Financial Officer
Paul Amirault Chairman-Trustees Board
Will Chan Chief Information Officer
Sector and Competitors