InterRent Real Estate Investment Trust (TSE:IIP.UN) Declares $0.03 Monthly Dividend

Key Points

• InterRent Real Estate Investment Trust has declared a monthly dividend of C$0.0331 per share, which will be paid to shareholders of record on September 15th.
• The dividend represents an annualized yield of 3.0%, with an ex-dividend date set for August 29th.
• As of Friday, shares were trading at C$13.33, with a market capitalization of C$1.97 billion and a price-to-earnings ratio of -666.50.

InterRent Real Estate Investment Trust (TSE:IIP.UN - Get Free Report) announced a monthly dividend on Friday, August 29th, TickerTech Dividends reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.0331 per share by the real estate investment trust on Monday, September 15th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 29th.

InterRent Real Estate Investment Trust Price Performance

Shares of TSE IIP.UN opened at C$13.33 on Friday. The stock's 50-day moving average is C$13.35 and its two-hundred day moving average is C$11.96. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.43 and a quick ratio of 0.04. InterRent Real Estate Investment Trust has a 1-year low of C$9.40 and a 1-year high of C$13.80. The company has a market cap of C$1.97 billion, a price-to-earnings ratio of -666.50 and a beta of 1.13.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is an open-ended 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. The company operations are carried out through the region of Canada.

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