InterRent Real Estate Investment Trust (IIP.UN) Stock Price, News & Analysis

Company Overview

InterRent?REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution?through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within?markets that have exhibited stable market vacancies,?sufficient suites available to attain the critical mass necessary to implement?an efficient portfolio management structure, and?offer opportunities for accretive acquisitions. InterRent's primary objectives are to use the proven industry experience of the Trustees,?Management and Operational Team to: (i)?to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii)?to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii)?to maintain a conservative payout ratio and balance sheet.

Key Stats

• Today's Range: C$9.99 to C$10.32
• 50-Day Range: C$10.05 to C$12.27
• 52-Week Range: C$9.92 to C$14.50
• Volume: 1.36 million shs
• Average Volume: 390,951 shs
• Market Capitalization: C$1.49 billion
• P/E Ratio: N/A
• Dividend Yield: 3.78%
• Price Target: C$14.92
• Consensus Rating: Moderate Buy

InterRent Real Estate Investment Trust Stock Analysis - MarketRank™

InterRent Real Estate Investment Trust scored higher than 39% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

InterRent Real Estate Investment Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 5 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

InterRent Real Estate Investment Trust has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of InterRent Real Estate Investment Trust is -502.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of InterRent Real Estate Investment Trust is -502.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

InterRent Real Estate Investment Trust has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for IIP.UN.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

InterRent Real Estate Investment Trust pays a meaningful dividend of 3.15%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

InterRent Real Estate Investment Trust does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for IIP.UN.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: N/A

News Sentiment

InterRent Real Estate Investment Trust has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 1 news article for InterRent Real Estate Investment Trust this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, InterRent Real Estate Investment Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.04% of the stock of InterRent Real Estate Investment Trust is held by insiders.

Percentage Held by Institutions

Only 35.46% of the stock of InterRent Real Estate Investment Trust is held by institutions.

IIP.UN Stock Analysis - Frequently Asked Questions

How have IIP.UN shares performed this year?

InterRent Real Estate Investment Trust's stock was trading at C$13.23 at the beginning of the year. Since then, IIP.UN stock has decreased by 24.0% and is now trading at C$10.05.
View the best growth stocks for 2024 here.

How do I buy shares of InterRent Real Estate Investment Trust?

Shares of IIP.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/27/2024
• Dividend Payable: 10/15/2024
• Ex-Dividend for 11/15 Dividend: 10/31/2024
• Dividend Payable: 11/15/2024
• Today: 12/21/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Residential
• Sub-Industry: N/A
• Current Symbol: TSE:IIP.UN
• Previous Symbol: TSE:IIP..UN
• CUSIP: N/A
• CIK: N/A
• Web: www.interrentreit.com
• Phone: +1-613-5695699
• Fax: N/A
• Employees: 359
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$14.92
• High Stock Price Target: C$16.00
• Low Stock Price Target: C$14.00
• Potential Upside/Downside: +48.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.02)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 13.25
• P/E Growth: N/A
• Net Income: C$-1,680,000.00
• Net Margins: -0.69%
• Pretax Margin: N/A
• Return on Equity: -0.06%
• Return on Assets: 2.14%

Debt

• Debt-to-Equity Ratio: 63.59
• Current Ratio: 0.43
• Quick Ratio: 0.04

Sales & Book Value

• Annual Sales: C$245.13 million
• Price / Sales: 6.06
• Cash Flow: C$0.01 per share
• Price / Cash Flow: 740.59
• Book Value: C$17.64 per share
• Price / Book: 0.57

Miscellaneous

• Outstanding Shares: 147,900,000
• Free Float: N/A
• Market Cap: C$1.49 billion
• Optionable: Not Optionable
• Beta: 1.13