InterRent Real Estate Investment Trust T.IIP.UN

Alternate Symbol(s): IIPZF

Real Estate REIT - Residential

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; to provide Unitholders with sustainable and growing cash distributions, payable monthly, and to maintain a conservative payout ratio and balance sheet. The Company's portfolio of properties is located across various locations, such as Ajax, Brossard, Gatineau, Hamilton, Mississauga, Montreal, Oakville, Ottawa, St. Catharines, Stratford, Toronto, Trenton, and Vancouver. Its properties include 10 - 14 REID DRIVE, 100 MAIN STREET, 1015 ORCHARD, 1170 FENNELL AVENUE, 1276 DORCHESTER AVENUE, and 15 DON STREET. It also owns a 605-suite apartment community at 2 & 4 Hanover Road in Brampton, Ontario.

TSX:IIP.UN - Post by User

InterRent Real Estate Investment Trust

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Comment by Spryquasaron Mar 20, 2015 9:08am

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Post# 23542279

RE:Again >>> Top Pick by

copied and pasted...

Likes the apartment sector in Canada. Shorter leases and about 40% turnover so with inflation you can capture higher rates. Rock solid balance sheet and they just made a major accretive acquisition – a redevelopment play. You are buying at a discount and you will get dividend growth. They make improvements and get above guideline rent increases.

GLTA

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