InterRent Real Estate Investment Trust

TSX:IIP.UN Stock Report

Market Cap: CA$2.0b

InterRent Real Estate Investment Trust Valuation

Is IIP.UN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IIP.UN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IIP.UN (CA$13.58) is trading below our estimate of fair value (CA$14.19)

Significantly Below Fair Value: IIP.UN is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for IIP.UN?

Other financial metrics that can be useful for relative valuation.

IIP.UN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue15.2x
Enterprise Value/EBITDA25.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does IIP.UN's PE Ratio compare to its peers?

The above table shows the PE ratio for IIP.UN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.7x
KMP.UN Killam Apartment REIT
8.2xn/aCA$2.3b
MRG.UN Morguard North American Residential Real Estate Investment Trust
3.4xn/aCA$852.0m
BEI.UN Boardwalk Real Estate Investment Trust
5.7xn/aCA$4.1b
CRR.UN Crombie Real Estate Investment Trust
25.5xn/aCA$2.5b
IIP.UN InterRent Real Estate Investment Trust
21.4xn/aCA$2.0b

Price-To-Earnings vs Peers: IIP.UN is expensive based on its Price-To-Earnings Ratio (21.4x) compared to the peer average (10.7x).


Price to Earnings Ratio vs Industry

How does IIP.UN's PE Ratio compare vs other companies in the Global Residential REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a3.9%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a3.9%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: IIP.UN is good value based on its Price-To-Earnings Ratio (21.4x) compared to the Global Residential REITs industry average (23.8x).


Price to Earnings Ratio vs Fair Ratio

What is IIP.UN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IIP.UN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IIP.UN's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IIP.UN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$13.58
CA$15.40
+13.4%
5.5%CA$16.50CA$14.00n/a10
Mar ’25CA$13.78
CA$15.09
+9.5%
6.9%CA$16.50CA$13.00n/a11
Feb ’25CA$13.75
CA$14.52
+5.6%
9.2%CA$16.00CA$11.25n/a11
Jan ’25CA$13.23
CA$14.57
+10.1%
9.7%CA$16.50CA$11.25n/a11
Dec ’24CA$12.36
CA$14.36
+16.2%
12.1%CA$16.50CA$10.00n/a11
Nov ’24CA$12.05
CA$14.57
+20.9%
12.3%CA$16.50CA$10.00n/a11
Oct ’24CA$12.49
CA$15.25
+22.1%
11.4%CA$17.00CA$10.00n/a12
Sep ’24CA$12.53
CA$15.25
+21.7%
11.4%CA$17.00CA$10.00n/a12
Aug ’24CA$12.77
CA$15.33
+20.1%
12.0%CA$17.00CA$9.75n/a12
Jul ’24CA$12.82
CA$15.48
+20.7%
11.7%CA$17.00CA$9.75n/a12
Jun ’24CA$13.12
CA$15.48
+18.0%
11.7%CA$17.00CA$9.75n/a12
May ’24CA$12.95
CA$15.52
+19.9%
12.6%CA$17.00CA$9.25n/a12
Apr ’24CA$13.39
CA$15.52
+15.9%
12.6%CA$17.00CA$9.25n/a12
Mar ’24CA$14.68
CA$15.04
+2.5%
12.8%CA$17.00CA$9.25CA$13.7812
Feb ’24CA$14.82
CA$15.04
+1.5%
12.8%CA$17.00CA$9.25CA$13.7512
Jan ’24CA$12.80
CA$14.85
+16.0%
14.0%CA$18.00CA$9.00CA$13.2312
Dec ’23CA$12.55
CA$14.85
+18.4%
14.0%CA$18.00CA$9.00CA$12.3612
Nov ’23CA$11.55
CA$15.23
+31.9%
16.0%CA$18.00CA$8.50CA$12.0512
Oct ’23CA$11.47
CA$16.31
+42.2%
8.3%CA$18.50CA$14.00CA$12.4912
Sep ’23CA$12.12
CA$16.31
+34.6%
8.3%CA$18.50CA$14.00CA$12.5312
Aug ’23CA$13.40
CA$16.92
+26.2%
11.9%CA$20.00CA$13.25CA$12.7712
Jul ’23CA$11.99
CA$17.90
+49.3%
8.4%CA$20.00CA$15.50CA$12.8212
Jun ’23CA$13.58
CA$18.23
+34.2%
6.1%CA$20.00CA$17.00CA$13.1212
May ’23CA$14.11
CA$19.42
+37.6%
6.4%CA$22.00CA$17.00CA$12.9512
Apr ’23CA$15.83
CA$19.73
+24.6%
5.1%CA$22.00CA$18.00CA$13.3911
Mar ’23CA$15.34
CA$20.02
+30.5%
4.7%CA$21.00CA$18.00CA$14.6811

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.