InterRent Real Estate Investment Trust (IIP-UN.TO)

CAD 10.06

(-3.73%)

Market Cap (In CAD)

1.48 Billion

Revenue (In CAD)

237.13 Million

Net Income (In CAD)

92.24 Million

Avg. Volume

351.85 Thousand

Currency
CAD
Country
Real Estate
Open
-
Prev. Close
-
Day Range
-
Year Range
10.06-14.5
PE
-
EPS
-
Beta Value
1.132
ISIN
CA46071W2058
CUSIP
46071W205
CIK
-
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Real Estate
Industry
REIT - Residential
CEO
Mr. Bradley Cutsey C.F.A.
Employee Count
-
Website
https://www.interrentreit.com
Ipo Date
2001-10-05
Details
InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions. InterRent's primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.