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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

Post by retiredcfon Jun 27, 2022 9:36am
129 Views
Post# 34784194

CIBC Revised Targets

CIBC Revised Targets

CIBC World Markets analyst Scott Fromson, Sumayya Syed, Dean Wilkinson reduced their target prices for real estate equities on Monday.

Their changes included:

  • Allied Properties Real Estate Investment Trust ( “outperformer”) to $47.50 from $50. The average on the Street is $49.35.
  • American Hotel Income Properties REIT (
    increase
     
    , “neutral”) to US$3.80 from US$4. Average: US$3.84.
  • Automotive Properties REIT ( “neutral”) to $14.25 from $15. Average: $14.76.
  • Boardwalk REIT ( “neutral”) to $58 from $60. Average: $60.95.
  • Brookfield Asset Management Inc. ( “outperformer”) to US$68 from US$75. Average: US$70.55.
  • CAP REIT (“neutral”) to $55 from $60. Average: US$63.22.
  • Chartwell Retirement Residences ( “outperformer”) to $14.25 from $15. Average: $14.38.
  • Colliers International Group Inc. ( “outperformer”) to US$150 from US$170. Average: US$162.
  • Crombie REIT ( “outperformer”) to $18.25 from $19. Average: $19.42.
  • CT REIT ( “neutral”) to $18 from $19. Average: $18.79.
  • Dream Industrial REIT ( “outperformer”) to $17 from $18. Average: $18.44.
  • Dream Office REIT ( “outperformer”) to $27 from $28.50. Average: $27.08.
  • Dream Unlimited Corp. ( “outperformer”) to $53 from $56. Average: $55.33.
  • European Residential REIT ( “outperformer”) to $5.35 from $6. Average: $5.74.
  • Extendicare Inc. ( “neutral”) to $8 from $8.50. Average: $8.15.
  • First Capital REIT ( “outperformer”) to $19.50 from $21. Average: $20.54.
  • FirstService Corp. ( “neutral”) to US$140 from US$145. Average: US$160.
  • Granite REIT ( “outperformer”) to $102 from $106. Average: $107.90.
  • H&R REIT ( “outperformer”) to $16.50 from $17.50. Average: $17.07.
  • InterRent REIT ( “neutral”) to $15.50 from $17. Average: $18.15.
  • Killam Apartment REIT ( “outperformer”) to $22.50 from $25. Average: $24.10.
  • Minto Apartment REIT ( “outperformer”) to $23 from $24.50. Average: $25.05.
  • Morguard Corp. (“outperformer”) to $150 from $165. Average: $180.
  • Morguard North American Residential REIT ( “outperformer”) to $21.75 from $23. Average: $21.70.
  • Northwest Healthcare Properties REIT ( “outperformer”) to $14.75 from $15.50. Average: $15.22.
  • Pro REIT ( “outperformer”) to $7.75 from $8.25. Average: $7.93.
  • RioCan REIT ( “outperformer”) to $25 from $26.50. Average: $26.25.
  • Sienna Senior Living Inc. (“neutral”) to $15.75 from $16.75. Average: $16.69.
  • Slate Office REIT ( “neutral”) to $5 from $5.25. Average: $5.19.
  • SmartCentres REIT ( “outperformer”) to $32.75 from $34.50. Average: $33.
  • Storagevault Canada Inc. ( “outperformer”) to $7 from $8. Average: $7.86.
  • Summit Industrial Income REIT ( “neutral”) to $21 from $22.50. Average: $23.65.
  • Tricon Residential Inc. ( “outperformer”) to $20.50 from $22. Average: $20.35.
  • True North Commercial REIT ( “neutral”) to $6.75 from $7. Average: $6.95.
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