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TSE:IIP.UN

InterRent Real Estate Investment Trust (IIP.UN) Stock Price, News & Analysis

C$12.01
-0.28 (-2.28%)
(As of 06/7/2024 08:54 PM ET)
Today's Range
C$12.01
C$12.23
50-Day Range
C$11.57
C$13.43
52-Week Range
C$11.43
C$14.50
Volume
283,663 shs
Average Volume
356,649 shs
Market Capitalization
C$1.75 billion
P/E Ratio
50.04
Dividend Yield
3.16%
Price Target
C$15.07
IIP.UN stock logo

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

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 Stock Price History

IIP.UN Stock News Headlines

INTERRENT ANNOUNCES NORMAL COURSE ISSUER BID
INTERRENT REIT ANNOUNCES MAY 2024 DISTRIBUTIONS
InterRent Real Estate Investment Trust (IIP-UN.TO)
InterRent Real Estate Investment Trust
INTERRENT REIT ANNOUNCES DECEMBER 2023 DISTRIBUTIONS
INTERRENT REIT ANNOUNCES NOVEMBER 2023 DISTRIBUTIONS
InterRent REIT Announces June 2023 Distributions
IIP.UN:CA InterRent Real Estate Investment Trust
InterRent REIT Announces November 2022 Distributions
InterRent REIT Announces October 2022 Distributions
See More Headlines
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Company Calendar

Ex-Dividend for 5/15 Dividend
4/29/2024
Dividend Payable
5/15/2024
Today
6/09/2024

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 Target
C$15.07
High Stock Price Target
C$16.50
Low Stock Price Target
C$14.00
Potential Upside/Downside
+25.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
C$36.18 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$245.23 million
Cash Flow
C$0.02 per share
Book Value
C$17.85 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.75 billion
Optionable
Not Optionable
Beta
1.10
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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 Analysis - Frequently Asked Questions

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

10 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 1 sell rating, 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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 target for 2024?

10 brokerages have issued 1-year price targets for InterRent Real Estate Investment Trust's stock. Their IIP.UN share price targets range from C$14.00 to C$16.50. On average, they expect the company's share price to reach C$15.07 in the next year. This suggests a possible upside of 25.5% 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 2024?

InterRent Real Estate Investment Trust's stock was trading at C$13.23 on January 1st, 2024. Since then, IIP.UN shares have decreased by 9.2% and is now trading at C$12.01.
View the best growth stocks for 2024 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 announced a monthly dividend on Monday, April 29th. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.0315 per share on Wednesday, May 15th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, April 29th.
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$0.38 per share and currently has a dividend yield of 3.15%. The dividend payout ratio is 158.33%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for 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.

This page (TSE:IIP.UN) was last updated on 6/10/2024 by MarketBeat.com Staff

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