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TSE:IIP.UN

Interrent Real Estate Investment Trust (IIP.UN) Stock Forecast, Price & News

C$12.15
+0.18 (+1.50%)
(As of 09:38 AM ET)
Compare
Today's Range
C$11.98
C$12.22
50-Day Range
C$11.97
C$13.31
52-Week Range
C$10.79
C$15.13
Volume
56,620 shs
Average Volume
274,105 shs
Market Capitalization
C$1.75 billion
P/E Ratio
35.74
Dividend Yield
2.96%
Price Target
C$15.56

IIP.UN stock logo

About Interrent Real Estate Investment Trust (TSE:IIP.UN) Stock

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: (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.

IIP.UN Price History

IIP.UN Stock News Headlines

The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
InterRent REIT Announces June 2023 Distributions
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
IIP.UN:CA InterRent Real Estate Investment Trust
InterRent REIT Announces November 2022 Distributions
InterRent REIT Announces October 2022 Distributions
Stocks in play: InterRent REIT
Truly Passive Real Estate Investing
See More Headlines
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IIP.UN Company Calendar

Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Today
10/03/2023

Industry, Sector and Symbol

Industry
REIT - Residential
Sub-Industry
N/A
Current Symbol
TSE:IIP.UN
Previous Symbol
TSE:IIP..UN
CIK
N/A
Fax
N/A
Employees
359
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$15.56
High Stock Price Forecast
C$17.00
Low Stock Price Forecast
C$14.50
Forecasted Upside/Downside
+30.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
C$51.27 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$231.26 million
Cash Flow
C$0.02 per share
Book Value
C$18.18 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.72 billion
Optionable
Not Optionable
Beta
0.95
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Key Executives

  • Mr. Michael Darryl McGahan
    CEO & Trustee
  • Mr. Bradley Cutsey (Age 46)
    Pres
  • Mr. Curt Millar CPA
    CA, Chief Financial Officer
  • Mr. Dave Nevins
    Chief Operating Officer
  • Mr. Will Chan
    Chief Information Officer













IIP.UN Stock - Frequently Asked Questions

Should I buy or sell Interrent Real Estate Investment Trust stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Interrent Real Estate Investment Trust in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" IIP.UN shares.
View IIP.UN analyst ratings
or view top-rated stocks.

What is Interrent Real Estate Investment Trust's stock price forecast for 2023?

6 analysts have issued 12-month target prices for Interrent Real Estate Investment Trust's stock. Their IIP.UN share price forecasts range from C$14.50 to C$17.00. On average, they anticipate the company's share price to reach C$15.56 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price.
View analysts price targets for IIP.UN
or view top-rated stocks among Wall Street analysts.

How have IIP.UN shares performed in 2023?

Interrent Real Estate Investment Trust's stock was trading at C$12.80 on January 1st, 2023. Since then, IIP.UN stock has decreased by 6.5% and is now trading at C$11.97.
View the best growth stocks for 2023 here
.

How often does Interrent Real Estate Investment Trust pay dividends? What is the dividend yield for Interrent Real Estate Investment Trust?

Interrent Real Estate Investment Trust declared a monthly dividend on Wednesday, August 30th. Shareholders of record on Friday, September 15th will be given a dividend of 0.03 per share on Friday, September 15th. This represents a $0.36 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Wednesday, August 30th.
Read our dividend analysis for IIP.UN
.

Is Interrent Real Estate Investment Trust a good dividend stock?

Interrent Real Estate Investment Trust (TSE:IIP.UN) pays an annual dividend of C$0.36 per share and currently has a dividend yield of 2.80%. The dividend payout ratio is 105.88%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for IIP.UN.

What is Interrent Real Estate Investment Trust's stock symbol?

Interrent Real Estate Investment Trust trades on the Toronto Stock Exchange (TSX) under the ticker symbol "IIP.UN."

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.

What is Interrent Real Estate Investment Trust's stock price today?

One share of IIP.UN stock can currently be purchased for approximately C$11.97.

How much money does Interrent Real Estate Investment Trust make?

Interrent Real Estate Investment Trust (TSE:IIP.UN) has a market capitalization of C$1.72 billion and generates C$231.26 million in revenue each year. The real estate investment trust earns C$51.27 million in net income (profit) each year or C$0.34 on an earnings per share basis.

How many employees does Interrent Real Estate Investment Trust have?

The company employs 359 workers across the globe.

How can I contact Interrent Real Estate Investment Trust?

Interrent Real Estate Investment Trust's mailing address is 485 Bank St Suite 207, OTTAWA, ON K2P 1Z2, Canada. The official website for the company is www.interrentreit.com. The real estate investment trust can be reached via phone at +1-613-5695699.

This page (TSE:IIP.UN) was last updated on 10/4/2023 by MarketBeat.com Staff

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