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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Post by retiredcfon Oct 31, 2024 3:56pm

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Post# 36291212

Analyst Recommendation

BUY
InterRent REIT(IIP.UN-T)
31/10/2024

Compelling level. Pursues a value-added strategy, whereby you can get above-rent-control rents by improving properties. Great track record on this. Exposure to student population, with lower rents. Immigration question has unduly punished residential REITS. Over 20% discount to NAV, attractive.

Property Mngmnt / Investment

Andrew Moffs
$11.530
Unknown

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