InterRent Real Estate Investment TrustIIP-UN.TO

$12.93+0.00 (+0.00%)
TSXReal Estate24:00 UTC

Company snapshot

Market Cap
$2B
Small-cap
+223%
2016 — today
10-Year Price
+65%
2016 — today
52-Week Range
$12.68$13.60
Current $12.93· 27%

InterRent Real Estate Investment Trust is a growth-focused entity committed to enhancing investor value and generating steadily increasing, sustainable cash distributions. This is achieved through the strategic acquisition and ownership of multi-residential properties. InterRent's expansion strategy targets markets characterized by stable vacancy rates, sufficient residential units to enable efficient portfolio management, and compelling opportunities for value-adding acquisitions. Guided by the proven industry experience of its Trustees, Management, and Operational Team, InterRent's primary goals are: (i) to boost both funds from operations per Unit and net asset value per Unit via investments in a diverse portfolio of multi-residential assets; (ii) to provide Unitholders with consistent and escalating monthly cash distributions; and (iii) to maintain a conservative payout ratio and a robust financial position.

Valuation in context

P/E ratio
386.0
Near historic high
Near historic highs — last 10 years
P/B ratio
0.8
Below average
Below the 10-year average
EV / EBITDA
51.6
Near historic high
Near historic highs — last 10 years
Dividend Yield
3.1%
Historically high
Historically high relative to the last 10 years
FCF Yield
4.4%
Around average
Around the 10-year average
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