InterRent Real Estate Investment Trust (IIP-UN.TO) Research
InterRent Real Estate Investment Trust is a growth-focused entity committed to enhancing investor value and generating steadily increasing, sustainable cash distributions. This is achieved through the strategic acquisition and ownership of multi-residential properties. InterRent's expansion strategy targets markets characterized by stable vacancy rates, sufficient residential units to enable efficient portfolio management, and compelling opportunities for value-adding acquisitions. Guided by the proven industry experience of its Trustees, Management, and Operational Team, InterRent's primary goals are: (i) to boost both funds from operations per Unit and net asset value per Unit via investments in a diverse portfolio of multi-residential assets; (ii) to provide Unitholders with consistent and escalating monthly cash distributions; and (iii) to maintain a conservative payout ratio and a robust financial position.
Market snapshot
- Symbol
- IIP-UN.TO
- Price
- $12.93
- Day change
- +0.00%
- Market cap
- $1.8B
- P/E ratio
- 390.06x
- 52-week range
- 12.38-13.67
- Sector
- Real Estate
- Industry
- REIT - Residential
Peer companies
- Allied Properties Real Estate Investment Trust (AP-UN.TO)
- Artis Real Estate Investment Trust (AX-UN.TO)
- Boardwalk Real Estate Investment Trust (BEI-UN.TO)
- BSR Real Estate Investment Trust (HOM-U.TO)
- Killam Apartment REIT (KMP-UN.TO)
- Mainstreet Equity Corp. (MEQ.TO)
- Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO)
- NorthWest Healthcare Properties Real Estate Investment Trust (NWH-UN.TO)
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