TSE:IIP.UN

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

C$13.38

+0.23 (+1.75%)

(As of 03/30/2023 12:00 AM ET)

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Today's Range: C$13.23
▼
C$13.43
50-Day Range: C$12.83
▼
C$14.89
52-Week Range: C$10.79
▼
C$16.55

Volume: 324,530 shs
Average Volume: 356,529 shs
Market Capitalization: C$1.90 billion

P/E Ratio: 18.33
Dividend Yield: 2.69%
Price Target: C$15.91

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.

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IIP.UN Stock News Headlines

February 17, 2023 | seekingalpha.com

IIP.UN:CA InterRent Real Estate Investment Trust

December 6, 2022 | nz.finance.yahoo.com

InterRent REIT Announces November 2022 Distributions

March 30, 2023 | Weiss Ratings (Ad)

Fed's Shocking New Plan to Control Your Money

The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 

October 18, 2022 | technews.tmcnet.com

InterRent REIT Announces October 2022 Distributions

September 29, 2022 | msn.com

3 TSX Stocks That Could Make You a Millionaire

August 11, 2022 | ca.finance.yahoo.com

TFSA Investors: 2 Top Stocks to Buy Before They Rally Any Further

August 9, 2022 | ca.finance.yahoo.com

Stocks in play: InterRent REIT

August 9, 2022 | finance.yahoo.com

Interrent REIT Sees Strong Momentum Building at End of Q2 and Into Q3 as Demand Returns to More Normalized Levels

March 30, 2023 | Weiss Ratings (Ad)

Fed's Shocking New Plan to Control Your Money

July 30, 2022 | theglobeandmail.com

Interrent Real Estate Investment Trust stock advanced on Friday.

July 26, 2022 | msn.com

Are You 1 of the Millions of Canadians Making This TFSA Mistake?

July 12, 2022 | msn.com

Real Estate Falling: 2 Dropping REITs to Buy Soon

July 9, 2022 | theglobeandmail.com

Interrent Real Estate Investment Trust stock shrank on Tuesday.

May 11, 2022 | msn.com

InterRent REIT Stock Q1 2022 Earnings Results: Investor Takeaways

May 2, 2022 | msn.com

2 of the Best Real Estate Stocks You Can Buy for Growth

April 21, 2022 | fool.ca

5 of the Best Canadian REITs to Buy Today!

April 14, 2022 | ca.finance.yahoo.com

Truly Passive Real Estate Investing

April 9, 2022 | msn.com

What’s the Easiest Way to Grow Your Capital? Buy the Best Canadian Stocks and Wait

March 14, 2022 | msn.com

2 Canadian Stocks to Buy for Monthly Passive Income

March 8, 2022 | finance.yahoo.com

Operating Improvements Across the Board in Q4 2021 Cap off a Year of Progress for InterRent REIT

February 27, 2022 | msn.com

2 Top Real Estate Stocks to Buy and Hold for Years

December 27, 2021 | msn.com

2022 TFSA Limit: 3 Top Canadian Stocks to Buy

December 18, 2021 | sg.finance.yahoo.com

Boussard & Gavaudan Investment Management LLP: Form 8.3 - NortonLifeLock Inc.

December 11, 2021 | msn.com

Industry Experts: Home Prices Surge 14% But There’s No Bubble

December 8, 2021 | msn.com

3 Unstoppable Canadian Growth Stocks You Can Buy Right Now for Less Than $100

November 18, 2021 | msn.com

3 Stocks I Own and Will Add to if the Stock Market Crashes

November 8, 2021 | finance.yahoo.com

Occupancy Gains and Rental Growth in Q3 2021 Lead to 10th Consecutive Year of Distribution Increase for InterRent REIT

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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IIP.UN Company Calendar

Ex-Dividend for 2/15 Dividend: 1/30/2023
Dividend Payable: 2/15/2023
Today: 3/30/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: REIT - Residential
Sub-Industry: N/A
Sector: Real Estate
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 Forecast: C$15.91
High Stock Price Forecast: C$17.00
Low Stock Price Forecast: C$15.50
Forecasted Upside/Downside: +19.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.73
Trailing P/E Ratio: 18.19
Forward P/E Ratio: 23.82
P/E Growth: N/A
Net Income: C$103.96 million
Net Margins: 48.03%
Pretax Margin: N/A
Return on Equity: 4.23%
Return on Assets: 2.12%

Debt

Debt-to-Equity Ratio: 68.07
Current Ratio: 0.16
Quick Ratio: 0.04

Sales & Book Value

Annual Sales: C$216.44 million
Price / Sales: 8.72
Cash Flow: C$0.02 per share
Price / Cash Flow: 740.59
Book Value: C$17.60 per share
Price / Book: 0.75

Miscellaneous

Outstanding Shares: 142,150,000
Free Float: N/A
Market Cap: C$1.89 billion
Optionable: Not Optionable
Beta: 0.98

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

Key Competitors

View All Competitors

Insiders

Ronald A. Leslie
Sold 7,000 shares
Total: C$89,810.00 ($12.83/share)

View All Insider Transactions

IIP.UN Stock - Frequently Asked Questions

Should I buy or sell Interrent Real Estate Investment Trust stock right now?: 6 Wall Street equities research 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 equities research analysts is that investors should "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 Wall Street research analysts have issued 1 year price targets for Interrent Real Estate Investment Trust's shares. Their IIP.UN share price forecasts range from C$15.50 to C$17.00. On average, they expect the company's stock price to reach C$15.91 in the next twelve months. This suggests a possible upside of 19.8% 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 at the beginning of 2023. Since then, IIP.UN shares have increased by 3.7% and is now trading at C$13.28.
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 Monday, January 30th. Stockholders of record on Wednesday, February 15th will be paid a dividend of 0.03 per share on Wednesday, February 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Monday, January 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 2.76%. The dividend payout ratio is 49.32%. This payout ratio is at a healthy, sustainable level, below 75%.
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$13.28.
How much money does Interrent Real Estate Investment Trust make?: Interrent Real Estate Investment Trust (TSE:IIP.UN) has a market capitalization of C$1.89 billion and generates C$216.44 million in revenue each year. The real estate investment trust earns C$103.96 million in net income (profit) each year or C$0.73 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 3/30/2023 by MarketBeat.com Staff

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