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IIP.UN

InterRent Real Estate Investment Trust TSX:IIP.UN Stock Report

Last Price

CA$13.42

Market Cap

CA$2.0b

7D

2.2%

1Y

0.1%

Updated

02 Jun, 2023

Data

Company Financials +

InterRent Real Estate Investment Trust

TSX:IIP.UN Stock Report

Mkt Cap: CA$2.0b

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.

IIP.UN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends5/6

My Notes

Capture your thoughts, links and company narrative

InterRent Real Estate Investment Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for InterRent Real Estate Investment Trust
Historical stock prices
Current Share PriceCA$13.42
52 Week HighCA$15.13
52 Week LowCA$10.79
Beta0.98
1 Month Change5.84%
3 Month Change-8.21%
1 Year Change0.15%
3 Year Change-8.21%
5 Year Change21.78%
Change since IPO379.29%

Recent News & Updates

Recent updates

InterRent Real Estate Investment Trust's (TSE:IIP.UN) Stock Is Going Strong: Have Financials A Role To Play?

Mar 17
InterRent Real Estate Investment Trust's (TSE:IIP.UN) Stock Is Going Strong: Have Financials A Role To Play?

Shareholder Returns

IIP.UNCA Residential REITsCA Market
7D2.2%2.1%0.6%
1Y0.1%-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

Is IIP.UN's price volatile compared to industry and market?
IIP.UN volatility
IIP.UN Average Weekly Movement2.7%
Residential REITs Industry Average Movement2.7%
Market Average Movement8.4%
10% most volatile stocks in CA Market16.5%
10% least volatile stocks in CA Market3.5%

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

FoundedEmployeesCEOWebsite
2006435Brad Cutseyhttps://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

How do InterRent Real Estate Investment Trust's earnings and revenue compare to its market cap?
IIP.UN fundamental statistics
Market CapCA$1.96b
Earnings (TTM)CA$92.09m
Revenue (TTM)CA$222.29m

20.8x

P/E Ratio

8.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IIP.UN income statement (TTM)
RevenueCA$222.29m
Cost of RevenueCA$78.88m
Gross ProfitCA$143.41m
Other ExpensesCA$51.32m
EarningsCA$92.09m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.65
Gross Margin64.51%
Net Profit Margin41.43%
Debt/Equity Ratio67.1%

How did IIP.UN perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

40%

Payout Ratio