Bullboard - Stock Discussion Forum InterRent Real Estate Investment Trust T.IIP.UN

Alternate Symbol(s): IIPZF

InterRent Real Estate Investment Trust is a real estate investment trust. It is engaged in acquisition, ownership, management and repositioning of strategically located, income-producing, multi-residential properties. Its primary objectives are to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties;... see more

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InterRent Real Estate Investment Trust > Results

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Post by retiredcf on Mar 08, 2022 9:26am

Results

08:46 AM EST, 03/08/2022 (MT Newswires) -- InterRent Real Estate Investment Trust (IIP-UN.TO) on Tuesday reported that Q4 2021 funds from operation (FFO) increased to $19.6 million, or $0.137 per diluted unit in Q4 2021; compared with $15.96 million, or $0.11 per diluted unit a year ago.

Adjusted funds from operations (AFFO) was $17.5 million, or $0.12 per diluted unit. InterRent had reported AFFO of $14.2 million, or $0.10 per unit for the prior year period.

Operating revenue rose 20.1% YoY, to $50.26 million, while net operating income of $32.15 million was an increase of 22% over last year's $26.36 million. Same property NOI was $27 million for the quarter, compared with $24.6 million in Q4 2020.

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