IIP.UN Stock Overview
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.
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
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InterRent Real Estate Investment Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$13.42 |
| 52 Week High | CA$15.13 |
| 52 Week Low | CA$10.79 |
| Beta | 0.98 |
| 1 Month Change | 5.84% |
| 3 Month Change | -8.21% |
| 1 Year Change | 0.15% |
| 3 Year Change | -8.21% |
| 5 Year Change | 21.78% |
| Change since IPO | 379.29% |
Recent News & Updates
Shareholder Returns
| IIP.UN | CA Residential REITs | CA Market | |
|---|---|---|---|
| 7D | 2.2% | 2.1% | 0.6% |
| 1Y | 0.1% | -1.6% | -6.6% |
Return vs Industry: IIP.UN exceeded the Canadian Residential REITs industry which returned -4.6% over the past year.
Return vs Market: IIP.UN exceeded the Canadian Market which returned -57.8% over the past year.
Price Volatility
| IIP.UN volatility | |
|---|---|
| IIP.UN Average Weekly Movement | 2.7% |
| Residential REITs Industry Average Movement | 2.7% |
| Market Average Movement | 8.4% |
| 10% most volatile stocks in CA Market | 16.5% |
| 10% least volatile stocks in CA Market | 3.5% |
Stable Share Price: IIP.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: IIP.UN's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | 435 | Brad Cutsey | https://www.interrentreit.com |
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) grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) maintain a conservative payout ratio and balance sheet.
InterRent Real Estate Investment Trust Fundamentals Summary
| IIP.UN fundamental statistics | |
|---|---|
| Market Cap | CA$1.96b |
| Earnings (TTM) | CA$92.09m |
| Revenue (TTM) | CA$222.29m |
20.8x
P/E Ratio8.6x
P/S RatioIs IIP.UN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IIP.UN income statement (TTM) | |
|---|---|
| Revenue | CA$222.29m |
| Cost of Revenue | CA$78.88m |
| Gross Profit | CA$143.41m |
| Other Expenses | CA$51.32m |
| Earnings | CA$92.09m |
Last Reported Earnings
Mar 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.65 |
| Gross Margin | 64.51% |
| Net Profit Margin | 41.43% |
| Debt/Equity Ratio | 67.1% |
How did IIP.UN perform over the long term?
See historical performance and comparison