InterRent is focused on Multi-Family residential properties in high-growth, urban markets across Canada. Killam Apartment REIT properties are located in cities throughout Atlantic Canada, British Columbia, Alberta and Ontario. Alliance REIT creates communities and reinvests in Toronto neighbourhoods by strategically sourcing, developing and managing well located turn of century buildings into highly sought-after boutique residential rental apartments. ABOUT US ACCESSIBILITY PRIVACY POLICY CONTACT. This table contains critical financial ratios such as Price-to-Earnings (P/E Ratio), Earnings-Per-Share (EPS), Return-On-Investment (ROI) and others based on InterRent REIT's latest financial reports. InterRent REIT Reports Results for the Third Quarter of 2020, Operational Update Related to COVID-19 and a 5% Increase in the . InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. In addition, InterRent recently announced that it had entered into an unconditional agreement to purchase Hampstead Towers (Montreal), containing 121 residential suites and approximately 31,500 square feet of commercial space, for $38 million. Search SEC filings. Today's Change. [4], Also in 2017, InterRent purchased two buildings in Montreal at 2121 and 2255 Saint Mathieu St. for a total of $53.75 million. Learn more about … Real Estate & E-Commerce Split Corp. InterRent Real Estate Investment Trust has dipped into the ranks of Bay Street analysts and named Brad Cutsey to the position of president.. Cutsey, an investment services veteran with more than 18 years of capital markets experience, primarily in the real estate field, is currently a managing director and group head of real estate investment banking with Dundee Securities Ltd. InterRent REIT Closes $75 Million Bought Deal Financing . Investing in our properties to ensure safe, clean and high-quality homes for our residents. The Trust is a growth-oriented real estate investment trust engaged in increasing Unitholder value through the acquisition, ownership, management and repositioning of strategically located, income producing, multi-residential properties. blocked blocked [9] The tenants claimed that the improvements made had been minor and cosmetic; the company said that it had spent $17 million on repairs and upgrades. An apartment REIT with majority of assets in south-western Ontario and Ottawa. Three of the five properties are located in Hamilton and the remaining two are in London. ADVERTISEMENT. Nov 9, 2020. InterRent REIT’s 2018 annual report. [3] The company's general strategy is to invest in poorly managed properties, make significant upgrades, and improve the quality of the apartments and amenities for new and existing residents. InterRent REIT announced it has entered into an unconditional agreement to acquire a portfolio of five concrete mid- and high-rise apartments located in Southwestern Ontario. Interrent Real Estate Investment Trust pays out 11.7% of its earnings in the form of a dividend. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Boardwalk REIT’s 2018 annual report. 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. Is InterRent REIT worth watching? Volume. Malaga, Ibiza, Lanzarote, or Cerdeña are just a few customised suggestions. Continuously building on our accomplishments and setting best in class standards within our industry. InterRent REIT was formed as an unincorporated open-ended real estate investment trust. ... 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. It looks for properties that carry certain baggage. Email Print Friendly Share. The REIT is trading at a price-to-AFFO multiple of 19.8 times the 2021 consensus estimate. [3] The company experienced significant growth between 2009 and 2017, doubling its portfolio. [7][8] The company planned to make significant improvements to the poorly managed buildings to improve building functions and safety. [5] Cities where it has a significant number of properties include Ottawa, Gatineau, Hamilton, Toronto and area, and Montreal. $28.70 +1.49%. $56.23 B-$0.00. InterRent Real Estate Investment Trust is based in OTTAWA, Canada. A blue chip trading cheaply. InterRent Real Estate Investment Trust owns, operates, and develops multi-unit residential income properties. InterRent Real Estate Investment Trust (TSX-IIP.UN) ("InterRent" or the "REIT") today reported financial results for the Third quarter ended September 30, 2020. InterRent REIT is a growth-oriented trust focused on increasing unitholder value and creating sustainable growth for the company and in the areas where we operate. [2], "InterRent taps Bay Street analyst for president's post", "How this growth-oriented Canadian REIT has been generating scorching returns", "InterRent - 2017 Annual Information Form", "Ottawa's InterRent REIT buys $14.2M stake in Bayview Station high-rise development", "InterRent adds to holdings in Montreal; buys 3 apartments for $35M", "Ottawa's InterRent REIT buys $65M worth of properties in Montreal, Hamilton", "East-end Hamilton apartment blocks sell for $51 million", "Murray and Som: Real Estate Income Trust 'Repositioning' vs. Fair and Affordable Housing - Raise the Hammer", "Hamilton residents trek to Ottawa to protest rent increase | CBC News", "Hamilton landlord InterRent refuses meeting with striking tenants over coming rent hike", https://en.wikipedia.org/w/index.php?title=InterRent_REIT&oldid=921430005, Companies listed on the Toronto Stock Exchange, Creative Commons Attribution-ShareAlike License, This page was last edited on 15 October 2019, at 18:07. We invite you to discover all of the destinations recommended for you! InterRent REIT trades on the Toronto Stock Exchange (TSX), where investors can buy shares under the stock symbol -IIP.UN. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Has a firm belief that management is going to drive value over time, both through acquisitions and redevelopment and repositioning of assets they have in their portfolio. The company operations are carried out through the region of Canada." InterRent Real Estate Investment Trust is a Canadian real estate investment trust, specializing in residential real estate, and based in Ottawa, Ontario. It is listed on the Toronto Stock Exchange under the symbol IIP.UN. IIP has a growing presence in Montreal and he likes their overall portfolio, but assets around McGill and Concordia have taken a hit because foreign students can't enter Canada. [1] In 2017, InterRent bought a one-third share in Trinity Station, a proposed development near Ottawa's Bayview Station, for $14.2 million. Gross rental revenue for the quarter was $39.3 million, an increase of $5.0 million, or 14.4%, compared to Q2 2019.Operating revenue for the quarter was up $4.3 million to $39.0 million, or 12.3% compared to Q2 2019. These metrics are calculations of the company’s cash flows relative to operating costs and sales of assets and are good indicators for whether or not the company will be able to continue increasing and distributing dividends. BEI.UN quote. 8 stock analysts on Stockchase covered InterRent REIT In the last year. InterRent Real Estate Investment Trust is a Canadian real estate investment trust, specializing in residential real estate, and based in Ottawa, Ontario. Exemple d’investissements dans un FPI. InterRent REIT Reports Results for the Third Quarter of 2020, Operational Update related to COVID-19 and a 5% Increase in the Monthly Distribution 42$ x 12 mois = 504$ en dividendes par année ! Track performance, allocation, dividends, and risks. The average 12-month target price is $85.15, implying the … Raymond James also issued estimates for … InterRent REIT Reports Results for the First Quarter of 2020, Operational Update related to COVID-19 and Implementation of Normal Course Issuer Bid Read full article May 5, 2020, 4:15 AM VISION & VALUES OF INTERRENT REIT. Encouraging and working with our teams to give back to our customers and communities through sustainable programs and philanthropic efforts. InterRent REIT owns and manages a high-quality portfolio of over 9,000 suites across 15 cities in Ontario and Quebec. As of April 2018, it owns 8,800 suites in Ontario and Quebec, worth $1.66 billion. As of April 2018, it owns 8,800 suites in Ontario and Quebec, worth $1.66 billion. REIT - Residential Equity Trusts: $1.280B: $0.110B: InterRent Real Estate Investment Trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. [6], In February 2018, InterRent announced it would internalize its property management functions. Executive Summary. Trading at 5.9% below our estimate of its fair value. Northview Apartment REIT generated returns of 7.3% per year. Prospective residents now have the option of seeing living accommodations and completing applications online or in person. This table contains critical financial ratios such as Price-to-Earnings (P/E Ratio), Earnings-Per-Share (EPS), Return-On-Investment (ROI) and others based on InterRent REIT's latest financial reports. [10] In August 2018, a few dozen tenants traveled to Ottawa to protest at the company's Ottawa headquarters, and at the home of the company's CEO, Mike McGahan. Users can opt to see 4 periods of either annual or quarterly information. The Trust is a growth-oriented real estate investment trust engaged in increasing Unitholder value through the acquisition, ownership, management and repositioning of strategically located, income producing, multi-residential properties. InterRent is a REIT with a unique ability to find problematic properties. Alliance REIT’s Toronto real estate investment strategy has returned 14% year over year since 2016 inception for a cumulative total return of 80.2%. [2] It is listed on the Toronto Stock Exchange under the symbol IIP.UN. InterRent REIT is included in the S&P/TSX Composite Index representing the largest companies listed on the Toronto Stock Exchange September 30, … InterRent Real Estate Investment Trust - Unit (IIPZF) Overview. InterRent Real Estate Investment Trust (TSX-IIP.UN) ("InterRent" or the "REIT") today reported financial results for the Third quarter ended September 30, 2020. OTTAWA, Feb. 06, 2018 (GLOBE NEWSWIRE) -- InterRent Real Estate Investment Trust ... assets and rights of the Property Manager relating to the management of the REIT’s properties. InterRent paid roughly $38 million to CLV Group in the deal, which also eliminates potential conflict of interest. [9] However, they failed to secure a formal meeting with Mr. McGahan or other company representatives. InterRent Real Estate Investment Trust (TSX-IIP.UN) ('InterRent' or the 'REIT') today reported financial results for the second quarter ended June 30, 2020.. At the end of Q2 2020, the REIT owned and operated 10,226 apartment suites, an increase of about nine per cent during the previous 12 months. A brief financial summary of InterRent REIT as well as the most significant critical numbers from each of its financial reports. InterRent REIT owns and manages a high-quality portfolio of over 9,000 suites across 15 cities in Ontario and Quebec. 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. The REIT is trading at a price-to-AFFO multiple of 19.8 times the 2021 consensus estimate. InterRent was founded in 2006, and listed on the Toronto Stock Exchange in 2007. 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. OTTAWA, ONTARIO--(Marketwired … Raymond James analyst K. Avalos expects that the company will post earnings per share of $0.12 for the quarter. Vous achetez 700 actions de Cominar REIT (CUF.UN), avez un rendement du dividende de 10,18%, vous n’avez qu’à multiplier 700 actions x 0,06¢ (dividende par action) = 42$ par mois de dividendes et ce mensuellement. InterRent REIT (IIP.UN-T) March 19, 2014. A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing properties. InterRent REIT closes $14 Million private placement with CLV Group at $1.50 per unit, The board of trustees appoints Mike McGahan as CEO and CLV Group becomes the property manager for InterRent REIT’s portfolio, InterRent expands into Quebec with an acquisition in Gatineau, InterRent announces a 33% increase in the monthly distribution (from $0.12 to $0.16 on an annual basis), InterRent announces a 25% increase in the monthly distribution (from $0.16 to $0.20 on an annual basis), InterRent announces a 10% increase in the monthly distribution (from $0.20 to $0.22 on an annual basis), InterRent announces a 5% increase in the monthly distribution (from $0.22 to $0.231 on an annual basis), InterRent announces a 5% increase in the monthly distribution (from $0.231 to $0.243 on an annual basis and more than double the annual distribution of $0.12 five years prior), InterRent announces an 11% increase in the monthly distribution (from $0.243 to $0.27 on an annual basis), InterRent REIT fully internalizes management, InterRent REIT is included in the S&P/TSX Composite Index representing the largest companies listed on the Toronto Stock Exchange, InterRent announces a 7% increase in the monthly distribution (from $0.27 to $0.29 on an annual basis), 485 Bank Street, Suite 207 Ottawa, ON K2P 1Z2, InterRent Announces December 2020 Distributions. The interrent network includes a large number of offices located in more than 40 different countries. Alliance REIT invests in Toronto real estate by developing and managing boutique loft style rental apartments in desirable downtown neighbourhoods. Interrent Real Estate Investment Trust pays an annual dividend of C$0.33 per share and has a dividend yield of 2.4%. [9], InterRent primarily owns apartment complexes in medium-sized centres in Ontario and Quebec. It could be sub-par management, outdated units, or a dire need for renovation and restoration. Find the latest INTERRENT REIT TR.UTS (IBVA.F) stock quote, history, news and other vital information to help you with your stock trading and investing. On 2020-12-11, InterRent REIT (IIP.UN-T) stock closed at a price of $13.95. 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. If you're a longer-term investor, now is the time to invest in this asset class. Rewards. 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. The REIT intends to enhance the value of these properties through its active asset repositioning program. Fund. In May 2018, the company applied for an Above Guideline Rent Increase, due to the improvements that had taken place. The average 12-month target price is $85.15, implying the … In depth view into InterRent Real Estate Investment Trust Total Assets (Quarterly) including historical data from 2001, charts, stats and industry comps. What is InterRent REIT stock price? The REIT has approximately $100 million in assets that are fully unencumbered and with a debt to GBV ratio of 33.4% has significant liquidity available through both CMHC insured and conventional mortgage financing. The REIT had $38.5 million in cash as of September 30, 2020. Instrument Name CI First Asset Canadian REIT ETF Instrument Exchange TSX: Instrument Symbol RIT-T. CAD . InterRent REIT (IIP.UN) The Trust is a growth-oriented real estate investment trust engaged in increasing Unitholder value through the acquisition, ownership, management and repositioning of strategically located, income producing, multi-residential properties. Revenue is forecast to grow 13.17% per year. Home Dividend Stocks Real Estate Reit Other ... Net Assets LTM YIELD & DIVIDEND Dividend.com Ratings* Overall Change Last YTD Exp Ratio Vanguard Real Estate Index Fund. More Details . 19 févr. 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 Real Estate Investment Trust has a market capitalization of C$1.96 billion and generates C$157.33 million in revenue each year. 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. With InterRent's portfolio continuing to demonstrate strong sustainable results, the Board of Trustees has approved a 5% increase to the distribution. Inspiring trust by saying what we mean, acting honestly and taking responsibility for our actions. Interrent Real Estate Investment Trust employs 359 workers across the globe. About InterRent. InterRent REIT is a growth-oriented real estate investment trust. [4] In 2013, it purchased 3 buildings worth $35 million in Montreal. As a result, 80 to 100 tenants in the complex went on a rent strike, organized by the Hamilton Tenant Solidarity Network. Real-Time Last Update TSX Last Sale Real-Time. What is Interrent Real Estate Investment Trust's official website? to grow both fund from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; to provide Unitholders with sustainable and growing cash distributions, payable monthly and, to the maximum extent practicable, income tax deferred; and, Maintain a conservative payout ratio and balance sheet. Read More » Life at InterRent [5] Two years later, in 2015, the company announced it had appointed Brad Cutsey as its president. Show full opinion Hide full opinion. InterRent REIT (IIP.UN) The Trust is a growth-oriented real estate investment trust engaged in increasing Unitholder value through the acquisition, ownership, management and repositioning of strategically located, income producing, multi-residential properties. In addition, some financial ratios derived from these reports are featured. "InterRent has invested extensively in its portfolio to ensure it is best in class in its operating nodes. 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. The company should trade at a premium to its NAV so it can go out and purchase more assets. Showing, as well as having respect for our residents, suppliers, Unitholders and communities while maintaining an environment of teamwork and growth. At the same time, the company purchased an apartment building at 3 East 37th St. in Hamilton for $11.25 million. 2015 08h50 HE | Source : InterRent Real Estate Investment Trust. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in the acquisition and ownership of multiresidential properties. InterRent REIT’s sales and leasing teams have implemented an end-to-end contactless rental process. The Trust is a growth-oriented real estate investment trust engaged in increasing Unitholder value through the acquisition, ownership, management and repositioning of strategically located, income producing, multi-residential properties. Annotate, download XLSX & look up similar tables It recently raised equity and has no debt so it is in a good spot. InterRent REIT acquires large Ontario portfolio Wednesday, August 26, 2020 InterRent REIT announced it has entered into an unconditional agreement to acquire a portfolio of five concrete mid- and high-rise apartments located in Southwestern Ontario. You'd have to own it based on its growth profile. InterRent REIT is a growth-oriented real estate investment trust engaged in increasing shareholder value through the acquisition, ownership, ... • enhance the value of the assets and maximize long-term share value through the active management of such assets; • expand the asset base through accretive acquisitions. "InterRent Real Estate Investment Trust 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 REIT’s (TSX:IIP.UN) returns were annualized at 11.3%, while Killam Apartment REIT’s were 8.5% per … InterRent REIT owns and manages a high-quality portfolio of over 9,000 suites across 15 cities in Ontario and Quebec. [2], In 2015, InterRent purchased Stoney Creek Towers, an east-end Hamilton apartment complex containing 518 units, for $51 million. It looks for properties that carry certain baggage. The portfolio was purchased for $170.7 million and is expected to close in mid-September, 2020. InterRent Real Estate Investment Trust Total Assets (Quarterly): 2.839B for March 31, 2020 Granite Real Estate Investment Trust pays out 47.3% of its earnings in the form of a dividend. The only REIT that focuses on the cannabis space. InterRent REIT (TSE:IIP) – Equities research analysts at Raymond James issued their Q1 2020 earnings per share (EPS) estimates for InterRent REIT in a report released on Tuesday, April 30th. About InterRent. It is a trending stock that is worth watching. 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