InterRent Real Estate Investment Trust : 2021 Q1 – Investor Presentation

INTERRENT REIT		June 2021
INVESTOR PRESENTATION

INTERRENT REIT IS A GROWTH- ORIENTED REAL ESTATE INVESTMENT TRUST ENGAGED IN INCREASING VALUE AND CREATING A GROWING AND SUSTAINABLE DISTRIBUTION THROUGH THE ACQUISITION AND OWNERSHIP OF MULTI-RESIDENTIAL PROPERTIES.

FORWARD LOOKING STATEMENTS

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.

236 Richmond | Ottawa

InterRent REIT | 2021

3

ABOUT INTERRENT

A COMPANY BUILT ON VALUES

QUALITY	Providing best in class products and services thereby results
in delivering the highest levels of customer satisfaction.
INTEGRITY	Inspiring trust by saying what we mean, acting honestly and
taking responsibility for our actions.
STRONG	Encouraging and working with our team to give back to our
TEAMS AND	communities through sustainable programs and
COMMUNITIES	philanthropic efforts.
	Having and showing respect for our customers, suppliers,
RESPECT	Unitholders and communities while maintaining an
	environment of teamwork and growth.
SERVICE	Continuously building on our accomplishments and setting
EXCELLENCE	best-in-class standards within our industry.

InterRent REIT | 2021

4

ABOUT INTERRENT

ROADMAP TO THE PRESENT

2011-2009

• CLV arranges private placement at

2019-2011

• Acquired a total of 7,929 suites

PRESENT-2019

• Acquired a total of 3,219 suites

$1.50/Unit

• Expanded into Quebec (Gatineau &

• Refinance repositioned properties with

• Change of executive control September 30,

Montreal)

CMHC to capitalize on low interest rates

2009

• Completed LIV redevelopment

• Significantly expanded presence in the urban

• CLV Group begins managing InterRent's

• Continued focus on repositioning and

core of Montreal

entire portfolio

organic growth

• Completed first annual GRESB ESG

• Began rebuilding & repositioning

• Change model/staffing of rental operations

assessment

• Changed culture & priorities

to focus on customer service and overall

• Expanded into Vancouver with the

• Restored focus on property operations

performance

acquisition of a well-located,15-building

• Disposed of non-core properties

• Internalized property management in 2018

portfolio with Crestpoint

• Focused on growing NOI organically through

• Entered into joint venture for development

• Prioritizing the safety and wellbeing of our

top line growth and operating cost

of 900 Albert Street

residents and team members throughout

• Entered into joint venture agreement for

the COVID-19 pandemic, InterRent launched

reductions

an industry-leading cleaning and safety

development of Burlington GO Lands with

program called "CLV Clean & Secure +TM"

Brookfield

Distribution

2012

2013

2014

2015

2016

2017

2018

2019

2020

Increases

+33%

+25%

+10%

+5%

+5%

+11%

+7%

+7%

+5%

Distribution CAGR of 11.7% over the last 9 years

$15.64

$15.58

$13.05

$13.69

$9.13

$7.46

$6.56

$5.23

$5.35

$5.99

$3.18

$1.50

$1.48

31-Dec-09

31-Dec-10

31-Dec-11

31-Dec-12

31-Dec-13

31-Dec-14

31-Dec-15

31-Dec-16

31-Dec-17

31-Dec-18

31-Dec-19

31-Dec-20

Start	September 30, 2009
End	As at June 1, 2021
Unit Price	$1.50 to $15.58
Cumulative		$2.50
Distributions
Total Return		1,228%
Number of	4,033 to		202%
Suites	12,172

Since current management took over, InterRent has been one of the best performing REITs in Canada with a total return of 1,228%. The REIT was also the 5th best performing stock in the S&P/TSX Composite Index over the last decade.1 InterRent continues to focus on organic growth of existing properties, target new properties to reposition, as well as acquisitions of properties with untapped value.

1Source: Financial Post

InterRent REIT | 2021

5