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IIP-UN.TO InterRent Real Estate Investment Trust
TO CAD Real Estate
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- Market cap
- 2B
- P/E ratio
- 338.5
- Analyst target
- 13.55
- Dividend yield
- 2.9%
- Beta
- 0.89
Profile
Company facts
- Exchange
- TO
- Currency
- CAD
- Sector
- Real Estate
- Industry
- REIT - Residential
- ISIN
- CA46071W2058
- Market cap
- 2B
- P/E ratio
- 338.5
- Analyst target
- 13.55
- Dividend yield
- 2.9%
- Beta
- 0.89
About
About InterRent Real Estate Investment Trust
InterRent Real Estate Investment Trust is a growth-oriented real estate investment trust. The firm 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. InterRent Real Estate Investment Trust was incorporated in Ontario, Canada in 2006.
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Investor discussion
1 comment
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5 years, 4 months ago
InterRent Real Estate Investment Trust is currently in a long term uptrend where the price is trading 23.9% above its 200 day moving average.
From a valuation standpoint, the stock is 77.4% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 12.8.
InterRent Real Estate Investment Trust's total revenue rose by 6.8% to $42M since the same quarter in the previous year.
Its net income has dropped by 78.3% to $58M since the same quarter in the previous year.
Finally, its free cash flow fell by 38.8% to $12M since the same quarter in the previous year.
Based on the above factors, InterRent Real Estate Investment Trust gets an overall score of 3/5.