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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

TSX:IIP.UN - Post Discussion

InterRent Real Estate Investment Trust > Joshua Varghese - BNN - BUY
View:
Post by Possibleidiot01 on Oct 08, 2024 7:28pm

Joshua Varghese - BNN - BUY

BUY
Given the housing shortage, is the focus on building new homes a tailwind for REITs?

Long-term, yes, for residential REITs, like apartment ones. They also benefit from more immigration. This leads to higher rents. InterRent, Minto and CAP are his preferreds in this space. CAP is the biggest, and they hold a super-quality portfolio that they've been upgrading in recent years. All these are focused in Ontario. but they benefit from lower interest rates. A caveat: Ottawa is slowing immigration to Canada, which feeds demand for apartments. Expect choppiness, but these are good holds.

property mngmnt / investment
$12.040
Unknown


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