InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Releases Quarterly Earnings Results

Key Points

• InterRent reported quarterly EPS of $0.11, with a net margin of 7.3% and return on equity of 0.8%, signaling modest profitability.
• The stock was unchanged at $9.54, has a market capitalization of $1.33 billion and a high price-to-earnings ratio of 95.4, trading in a 52-week range of $6.64–$10.23.
• TD Securities downgraded the stock from "strong-buy" to "strong sell", and the consensus rating on MarketBeat is currently "Sell".

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.11 EPS for the quarter, Zacks reports. InterRent Real Estate Investment Trust had a net margin of 7.30% and a return on equity of 0.80%.

InterRent Real Estate Investment Trust Stock Performance

OTCMKTS IIPZF remained flat at $9.54 during trading on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 95.40 and a beta of 0.77. InterRent Real Estate Investment Trust has a 52 week low of $6.64 and a 52 week high of $10.23. The business's fifty day simple moving average is $9.71 and its two-hundred day simple moving average is $9.62.

Wall Street Analyst Weigh In

Separately, TD Securities cut InterRent Real Estate Investment Trust from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, January 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, InterRent Real Estate Investment Trust has an average rating of "Sell".

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is a Canadian unincorporated, open-ended real estate investment trust specializing in the acquisition, ownership and management of multi-family residential properties. Its portfolio consists predominantly of mid-rise apartment buildings and townhouse complexes, and the trust emphasizes value-added opportunities by implementing targeted capital upgrades and operational enhancements. InterRent’s in-house property management services cover leasing, maintenance and tenant relations, driving occupancy and rental income growth across its assets.

Headquartered in Ottawa, InterRent REIT maintains a diversified portfolio across key urban and suburban markets in Ontario and Quebec, including Ottawa–Gatineau, Kingston, London and the Outaouais region.

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