InterRent Real Estate Investment Trust

IIP.UN

CA46071W2058

Residential REITs

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
12.12 ^CAD	-0.08%		+0.75%	-8.39%

Apr. 17	REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences	MT
Apr. 16	InterRent Real Estate Investment Trust Announces April 2024 Distribution, Payable on or about May 15, 2024	CI

InterRent Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023

February 29, 2024 at 07:41 am EST

InterRent Real Estate Investment Trust reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was CAD 237.14 million compared to CAD 216.4 million a year ago. Net income was CAD 92.24 million compared to CAD 103.96 million a year ago.

Latest news about InterRent Real Estate Investment Trust

REITs Brief: Bloomberg Reporting That Ontario Teachers' Pension Plan Weighing $5 Billion Sale of Amica, a private provider of luxury seniors residences	Apr. 17	MT
InterRent Real Estate Investment Trust Announces April 2024 Distribution, Payable on or about May 15, 2024	Apr. 16	CI
RBC Capital Markets Says Outperform Ratings For Canadian REITs Still Intact	Mar. 20	MT
InterRent Real Estate Investment Trust Announces Distribution for the Month of March 2024, Payable on or About April 15, 2024	Mar. 18	CI
BMO Raises InterRent REIT Target to $15, Maintains Outperform	Mar. 04	MT
InterRent REIT Brief: National Bank Says "Strong Ops and Stable interest expense outlook Signal FFO/unit Inflection"	Mar. 01	MT
InterRent REIT Brief: Keeps Outperform Rating and Target Raised To C$15.50 From $15.25 at National Bank After Q4 2023 "Occupancy-driven NOI Beat"	Mar. 01	MT
Transcript : InterRent Real Estate Investment Trust, Q4 2023 Earnings Call, Feb 29, 2024	Feb. 29
InterRent REIT's Q4 AFFO, Proportionate Operating Revenue Climbs	Feb. 29	MT
InterRent Real Estate Investment Trust Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
InterRent REIT Brief: Adjusted Funds from Operations of $18.1 million, reflecting an improvement of 13.1%. AFFO per unit (diluted) of $0.124, up 12.7% YoY	Feb. 29	MT
An unknown buyer completed the acquisition of Five Properties, Totaling 224 Suites, in Côte-Saint-Luc, Quebec from InterRent Real Estate Investment Trust (TSX:IIP.UN).	Feb. 28	CI
InterRent Real Estate Investment Trust (TSX:IIP.UN) acquired 25% stake in Property located at 360 Laurier Avenue, Ottawa, Ontario. for CAD 4.4 million.	Feb. 28	CI
CAPREIT Brief: Q4 FFO per unit Diluted $0.602	Feb. 22	MT
InterRent Real Estate Investment Trust Declares Distribution for the Month of February 2024, Payable on or About March 15, 2024	Feb. 16	CI
National Bank Raises Price Targets for Real Estate Firms, Provides Preview	Jan. 30	MT
InterRent Real Estate Investment Trust Declares Distribution for the Month of January 2024, Payable on or About February 15, 2024	Jan. 16	CI
RBC Capital Markets Expects Stronger Returns For Canadian REITs in 2024	Dec. 22	MT
Interrent Real Estate Investment Trust Declares Dividend for the Month of December, Payable on or About January 15, 2024	Dec. 18	CI
InterRent Real Estate Investment Trust Announces November 2023 Distributions, Payable on or about December 15, 2023	Nov. 16	CI
Transcript : InterRent Real Estate Investment Trust, Q3 2023 Earnings Call, Nov 01, 2023	Nov. 01
InterRent REIT Swings to a Q3 Loss on a Rise In Fair-Value Charges	Nov. 01	MT
Tranche Update on InterRent Real Estate Investment Trust (TSX:IIP.UN)'s Equity Buyback Plan announced on May 17, 2023.	Nov. 01	CI
InterRent Real Estate Investment Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 01	CI
InterRent Real Estate Investment Trust Declares Distribution for the Month of October 2023, Payable on or About November 15, 2023	23-10-17	CI

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Company Profile

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.

Sector

Residential REITs

Calendar

2024-05-08 - Q1 2024 Earnings Release

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Ratings for InterRent Real Estate Investment Trust

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

12.12 CAD

Average target price

15.1 CAD

Spread / Average Target

+24.59%

Consensus

Quarterly revenue - Rate of surprise

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Residential REITs