InterRent Real Estate Investment Trust (IIP-UN.TO)
InterRent Real Estate Investment Trust operates in the REIT - Residential industry of the Real Estate sector, headquartered in Ottawa, ON, CA. The stock last traded at $13.54, up 0.07% on the session, giving a market capitalisation of $1.89B. Its beta of 0.89 implies it has historically moved less than the broad market.
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.
InterRent Real Estate Investment Trust is most often compared with the following Real Estate names: