InterRent Real Estate Investment Trust 11/4/2024 Earnings Report

InterRent Real Estate Investment Trust EPS Results

• Actual EPS: -$0.37
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

InterRent Real Estate Investment Trust Revenue Results

• Actual Revenue: $44.58 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

InterRent Real Estate Investment Trust Announcement Details

• Date: 11/4/2024
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) (OTCMKTS:IIPZF) is a Canada-based real estate investment trust that specializes in the acquisition, ownership and management of multi-family residential properties. The trust focuses on value-add residential assets in key urban markets, targeting underperforming apartment buildings with the potential for renovation and operational improvements. InterRent’s portfolio spans mid-rise and high-rise apartment complexes, offering a variety of unit types and amenity packages aimed at enhancing tenant experience and driving long-term income growth.

With a geographic focus on Ontario and Quebec, InterRent has assembled a diversified collection of properties in cities such as Ottawa, Montreal and Toronto. The trust employs a hands-on asset management strategy, deploying capital to modernize common areas, upgrade building systems and implement energy-efficiency measures. These initiatives are designed to increase occupancy rates, improve rent profiles and generate incremental cash flows that support ongoing acquisitions and capital expenditures.

Headquartered in Ottawa, Ontario, InterRent Real Estate Investment Trust is governed by a board of trustees and led by an executive team with extensive experience in Canadian residential real estate markets. Since its inception, the trust has pursued disciplined growth through both internal portfolio enhancements and strategic property acquisitions. Its capital allocation strategy emphasizes sustainable income growth and value creation for unitholders.