A real estate investment trust (REIT) is a publicly traded company that owns, operates or finances income-producing properties. 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. In May 2018, the company applied for an Above Guideline Rent Increase, due to the improvements that had taken place. 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 Trading at 5.9% below our estimate of its fair value. The REIT is trading at a price-to-AFFO multiple of 19.8 times the 2021 consensus estimate. 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. The REIT intends to enhance the value of these properties through its active asset repositioning program. The only REIT that focuses on the cannabis space. InterRent REIT (IIP.UN-T) March 19, 2014. 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 REIT Reports Results for the Third Quarter of 2020, Operational Update related to COVID-19 and a 5% Increase in the Monthly Distribution Interrent Real Estate Investment Trust employs 359 workers across the globe. 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 Investing in our properties to ensure safe, clean and high-quality homes for our residents. [9] However, they failed to secure a formal meeting with Mr. McGahan or other company representatives. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in the acquisition and ownership of multiresidential properties. 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 is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Fund. The average 12-month target price is $85.15, implying the … Exemple d’investissements dans un FPI. InterRent REIT Closes $75 Million Bought Deal Financing . As of April 2018, it owns 8,800 suites in Ontario and Quebec, worth $1.66 billion. Users can opt to see 4 periods of either annual or quarterly information. 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 operations are carried out through the region of Canada." It could be sub-par management, outdated units, or a dire need for renovation and restoration. Annotate, download XLSX & look up similar tables A brief financial summary of InterRent REIT as well as the most significant critical numbers from each of its financial reports. 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. 2015 08h50 HE | Source : InterRent Real Estate Investment Trust. InterRent REIT Reports Results for the Third Quarter of 2020, Operational Update Related to COVID-19 and a 5% Increase in the . 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. Boardwalk REIT’s 2018 annual report. The portfolio was purchased for $170.7 million and is expected to close in mid-September, 2020. You'd have to own it based on its growth profile. The average 12-month target price is $85.15, implying the … Instrument Name CI First Asset Canadian REIT ETF Instrument Exchange TSX: Instrument Symbol RIT-T. CAD . Its portfolio consists of approximately 70 Properties containing over 8,050 suites. 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 Real Estate Investment Trust is a Canadian real estate investment trust, specializing in residential real estate, and based in Ottawa, Ontario. [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. About InterRent. We invite you to discover all of the destinations recommended for you! 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. Prospective residents now have the option of seeing living accommodations and completing applications online or in person. As of April 2018, it owns 8,800 suites in Ontario and Quebec, worth $1.66 billion. On 2020-12-11, InterRent REIT (IIP.UN-T) stock closed at a price of $13.95. "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. 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. 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. [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. ADVERTISEMENT. [1] In 2017, InterRent bought a one-third share in Trinity Station, a proposed development near Ottawa's Bayview Station, for $14.2 million. 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 is focused on Multi-Family residential properties in high-growth, urban markets across Canada. 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 is a Canadian real estate investment trust, specializing in residential real estate, and based in Ottawa, Ontario. 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. A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing 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%. InterRent REIT trades on the Toronto Stock Exchange (TSX), where investors can buy shares under the stock symbol -IIP.UN. Interrent Real Estate Investment Trust pays out 11.7% of its earnings in the form of a dividend. 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 REIT owns and manages a high-quality portfolio of over 9,000 suites across 15 cities in Ontario and Quebec. Real-Time Last Update TSX Last Sale Real-Time. 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 Real Estate Investment Trust (TSX-IIP.UN) ('InterRent' or the 'REIT') today reported financial results for the second quarter ended June 30, 2020.. 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. 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. 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. Interrent Real Estate Investment Trust pays an annual dividend of C$0.33 per share and has a dividend yield of 2.4%. Has a firm belief that management is going to drive value over time, both through acquisitions and redevelopment and repositioning of assets they have in their portfolio. InterRent was founded in 2006, and listed on the Toronto Stock Exchange in 2007. Nov 9, 2020. InterRent REIT is a growth-oriented real estate investment trust. 42$ x 12 mois = 504$ en dividendes par année ! Read More » Life at InterRent 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. [4] In 2013, it purchased 3 buildings worth $35 million in Montreal. At the same time, the company purchased an apartment building at 3 East 37th St. in Hamilton for $11.25 million. 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. InterRent Real Estate Investment Trust (TSX-IIP.UN) ("InterRent" or the "REIT") today reported financial results for the Third quarter ended September 30, 2020. Encouraging and working with our teams to give back to our customers and communities through sustainable programs and philanthropic efforts. Email Print Friendly Share. InterRent REIT owns and manages a high-quality portfolio of over 9,000 suites across 15 cities in Ontario and Quebec. ABOUT US ACCESSIBILITY PRIVACY POLICY CONTACT. [6], In February 2018, InterRent announced it would internalize its property management functions. BEI.UN quote. Executive Summary. InterRent is a REIT with a unique ability to find problematic properties. Raymond James also issued estimates for … It is listed on the Toronto Stock Exchange under the symbol IIP.UN. 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. Northview Apartment REIT generated returns of 7.3% per year. Show full opinion Hide full opinion. InterRent Real Estate Investment Trust is based in OTTAWA, Canada. [7][8] The company planned to make significant improvements to the poorly managed buildings to improve building functions and safety. [2], In 2015, InterRent purchased Stoney Creek Towers, an east-end Hamilton apartment complex containing 518 units, for $51 million. $28.70 +1.49%. 19 févr. The company should trade at a premium to its NAV so it can go out and purchase more assets. It recently raised equity and has no debt so it is in a good spot. VISION & VALUES OF INTERRENT REIT. InterRent REIT’s sales and leasing teams have implemented an end-to-end contactless rental process. InterRent REIT owns and manages a high-quality portfolio of over 9,000 suites across 15 cities in Ontario and Quebec. Showing, as well as having respect for our residents, suppliers, Unitholders and communities while maintaining an environment of teamwork and growth. Revenue is forecast to grow 13.17% per year. [9], InterRent primarily owns apartment complexes in medium-sized centres in Ontario and Quebec. InterRent REIT’s 2018 annual report. $56.23 B-$0.00. [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. The REIT had $38.5 million in cash as of September 30, 2020. 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. "InterRent has invested extensively in its portfolio to ensure it is best in class in its operating nodes. Continuously building on our accomplishments and setting best in class standards within our industry. Volume. Its previous property manager was the CLV Group, whose president, Mike McGahan, is also CEO of InterRent. The interrent network includes a large number of offices located in more than 40 different countries. InterRent Real Estate Investment Trust owns, operates, and develops multi-unit residential income properties. The REIT is trading at a price-to-AFFO multiple of 19.8 times the 2021 consensus estimate. 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. 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 … [3] The company experienced significant growth between 2009 and 2017, doubling its portfolio. In depth view into InterRent Real Estate Investment Trust Total Assets (Quarterly) including historical data from 2001, charts, stats and industry comps. Killam Apartment REIT properties are located in cities throughout Atlantic Canada, British Columbia, Alberta and Ontario. InterRent REIT is included in the S&P/TSX Composite Index representing the largest companies listed on the Toronto Stock Exchange September 30, … 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 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 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. About InterRent. 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. Malaga, Ibiza, Lanzarote, or Cerdeña are just a few customised suggestions. [5] Two years later, in 2015, the company announced it had appointed Brad Cutsey as its president. More Details . InterRent REIT’s (TSX:IIP.UN) returns were annualized at 11.3%, while Killam Apartment REIT’s were 8.5% per … 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. [5] Cities where it has a significant number of properties include Ottawa, Gatineau, Hamilton, Toronto and area, and Montreal. InterRent paid roughly $38 million to CLV Group in the deal, which also eliminates potential conflict of interest. [4], Also in 2017, InterRent purchased two buildings in Montreal at 2121 and 2255 Saint Mathieu St. for a total of $53.75 million. [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. 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. Learn more about … With InterRent's portfolio continuing to demonstrate strong sustainable results, the Board of Trustees has approved a 5% increase to the distribution. It looks for properties that carry certain baggage. 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 Total Assets (Quarterly): 2.839B for March 31, 2020 It looks for properties that carry certain baggage. Search SEC filings. InterRent REIT was formed as an unincorporated open-ended real estate investment trust. 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. 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. Today's Change. Inspiring trust by saying what we mean, acting honestly and taking responsibility for our actions. If you're a longer-term investor, now is the time to invest in this asset class. A blue chip trading cheaply. blocked blocked What is Interrent Real Estate Investment Trust's official website? It is a trending stock that is worth watching. 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. InterRent Real Estate Investment Trust (TSX-IIP.UN) ("InterRent" or the "REIT") today reported financial results for the Third quarter ended September 30, 2020. Is InterRent REIT worth watching? Real Estate & E-Commerce Split Corp. 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. Three of the five properties are located in Hamilton and the remaining two are in London. In addition, some financial ratios derived from these reports are featured. An apartment REIT with majority of assets in south-western Ontario and Ottawa. Granite Real Estate Investment Trust pays out 47.3% of its earnings in the form of a dividend. What is InterRent REIT stock price? InterRent Real Estate Investment Trust - Unit (IIPZF) Overview. 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. As a result, 80 to 100 tenants in the complex went on a rent strike, organized by the Hamilton Tenant Solidarity Network. [2] It is listed on the Toronto Stock Exchange under the symbol 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. 8 stock analysts on Stockchase covered InterRent REIT In the last year. 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