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.
Established dividend payer and fair value.
Share Price & News
How has InterRent Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IIPZ.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IIPZ.F exceeded the US REITs industry which returned 12.8% over the past year.
Return vs Market: IIPZ.F exceeded the US Market which returned 10.5% over the past year.
Price Volatility Vs. Market
How volatile is InterRent Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is InterRent Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IIPZ.F ($12.65) is trading above our estimate of fair value ($10.69)
Significantly Below Fair Value: IIPZ.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IIPZ.F is good value based on its PE Ratio (11.7x) compared to the REITs industry average (36.3x).
PE vs Market: IIPZ.F is good value based on its PE Ratio (11.7x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IIPZ.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IIPZ.F is good value based on its PB Ratio (1.4x) compared to the US REITs industry average (2x).
How is InterRent Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if IIPZ.F's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if IIPZ.F's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IIPZ.F's revenue (12.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: IIPZ.F's revenue (12.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IIPZ.F's Return on Equity is forecast to be high in 3 years time
How has InterRent Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IIPZ.F has a large one-off gain of CA$149.2M impacting its September 30 2019 financial results.
Growing Profit Margin: IIPZ.F's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: IIPZ.F's earnings have grown significantly by 40.8% per year over the past 5 years.
Accelerating Growth: IIPZ.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IIPZ.F had negative earnings growth (-3.8%) over the past year, making it difficult to compare to the REITs industry average (5.9%).
Return on Equity
High ROE: IIPZ.F's Return on Equity (11.1%) is considered low.
Return on Assets
Return on Capital Employed
How is InterRent Real Estate Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: IIPZ.F has a high level of physical assets or inventory.
Debt Coverage by Assets: IIPZ.F's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: IIPZ.F's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if IIPZ.F has a sufficient allowance for bad loans.
Low Risk Liabilities: IIPZ.F reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if IIPZ.F has an acceptable proportion of non-loan assets held.
Low Risk Deposits: IIPZ.F has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if IIPZ.F has an appropriate level of bad loans.
What is InterRent Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: IIPZ.F's dividend (1.79%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: IIPZ.F's dividend (1.79%) is low compared to the top 25% of dividend payers in the US market (3.9%).
Stability and Growth of Payments
Stable Dividend: IIPZ.F's dividends per share have been stable in the past 10 years.
Growing Dividend: IIPZ.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.6%), IIPZ.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IIPZ.F's dividends in 3 years are forecast to be thoroughly covered by earnings (0.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike McGahan 0
Mr. Michael Darryl McGahan, also known as Mike, has been the Chief Executive Officer and Trustee of InterRent Real Estate Investment Trust since September 30, 2009. Mr. McGahan is president and chief execu ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD911.63K) is below average for companies of similar size in the US market ($USD3.92M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
|CEO & Trustee||10.4yrs||CA$1.21m||2.76% CA$44.8m|
|Chief Financial Officer||9.8yrs||CA$565.00k||0.22% CA$3.6m|
|Chief Operating Officer||2yrs||CA$521.07k||0.077% CA$1.2m|
|Chief Information Officer||0yrs||no data||no data|
|Vice President of Acquisitions||6.8yrs||CA$369.15k||no data|
Experienced Management: IIPZ.F's management team is seasoned and experienced (6.8 years average tenure).
|CEO & Trustee||10.4yrs||CA$1.21m||2.76% CA$44.8m|
|Chair of the Board of Trustees||0yrs||CA$49.60k||0.024% CA$384.1k|
|1yrs||no data||no data|
Experienced Board: IIPZ.F's board of directors are considered experienced (8.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IIPZ.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.
InterRent Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: InterRent Real Estate Investment Trust
- Ticker: IIPZ.F
- Exchange: OTCPK
- Founded: 1997
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: CA$2.162b
- Market Cap: CA$1.602b
- Listing Market Cap: CA$1.625b
- Shares outstanding: 124.91m
- Website: https://www.interrentreit.com
Number of Employees
- InterRent Real Estate Investment Trust
- 485 Bank Street
- Suite 207
- K2P 1Z2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IIP.UN||TSX (The Toronto Stock Exchange)||Yes||REIT Units||CA||CAD||Oct 2001|
|IBVA||DB (Deutsche Boerse AG)||Yes||REIT Units||DE||EUR||Oct 2001|
|IIPZ.F||OTCPK (Pink Sheets LLC)||Yes||REIT Units||US||USD||Oct 2001|
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) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 01:54|
|End of Day Share Price||2020/02/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.