InterRent Real Estate Investment Trust (IIPZF)
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 $9.50, down 0.11% on the session, giving a market capitalisation of $1.33B. On trailing twelve-month figures it carries a trailing P/E of 395.26, a net margin of 1.9%. Its beta of 0.89 implies it has historically moved less than the broad market.
InterRent Real Estate Investment Trust (REIT) is focused on boosting investor value and delivering consistent, expanding distributions through its ownership and acquisition of multi-residential properties. The company's growth plan prioritizes markets that exhibit steady occupancy rates, offer enough available units to enable efficient portfolio management, and present promising opportunities for value-enhancing acquisitions. Guided by the extensive industry knowledge of its Trustees, Management, and Operational Team, InterRent's key goals are: (1) to increase both funds from operations per Unit and net asset value per Unit via investments in a diverse portfolio of multi-residential assets; (2) to provide Unitholders with reliable and growing monthly cash distributions; and (3) to uphold financial stability through a prudent payout ratio and a strong balance sheet.
InterRent Real Estate Investment Trust is most often compared with the following Real Estate names: