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; 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 GerryKayon Oct 21, 2019 1:54pm

116 Views

Post# 30251888

RE:RE:WAY OVER PRICE

You're absolutely right. Started buying this stock @$3.00+ despite the low dividend. I had a good feeling about it and have been buying more on its way up. Now holding close to 18,000 shares with a paper profit of almost $200,000.00. It may be a bit overpriced right now, hence the correction, which could be also be due to year end profit taking. It is definitely my rockstar, along with AQN and NVU. I can see a potential take over of IIP.UN down the road, at a good premium to market. Very well run company and high demand for rental apartments makes it almsot recession proof, though sensitive to higher interest rates. I also own KMP.UN and MRG.UN which have also performed admirably over the past 5-10 years. Happy trading.

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