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InterRent REIT Un (TSE:IIP.UN)
TSX:IIP.UN
Holding TSE:IIP.UN?
Track your performance easily
IIP.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$11.43 - C$14.50
Previous CloseC$12.71
Volume1.02M
Average Volume (3M)339.15K
Market Cap
C$1.88B
Enterprise ValueC$3.49B
Total Cash (Recent Filing)C$47.03M
Total Debt (Recent Filing)C$1.66B
Price to Earnings (P/E)―
Beta1.19
Next Earnings
Nov 06, 2024EPS EstimateN/A
Next Dividend Ex-Date
Sep 27, 2024Dividend Yield2.91%
Share Statistics
EPS (TTM)-0.01
Shares Outstanding147,897,231
10 Day Avg. Volume608,775
30 Day Avg. Volume339,147
Standard Deviation0.07
R-Squared0.51
Alpha-0.00706
Financial Highlights & Ratios
Price to Book (P/B)0.72
Price to Sales (P/S)7.75
Price to Cash Flow (P/CF)76.30
P/FCF Ratio21.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$14.81Price Target Upside14.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCapturing rent growth drives 17% growth in FFO per unit.
Market FundamentalsRental housing fundamentals in InterRent’s core markets remain strong as robust demand and limited new supply has resulted in consistent rent growth.
Property PerformanceSame-property rent growth was above 6% in all of the REIT’s markets and averaged 6.8% in the REIT’s most important markets of the Greater Toronto Area & Hamilton portfolio.
Bears Say
Cap RateInterRent’s units trade at an implied cap rate of 5.17%, which may be viewed as less attractive in comparison to peers.
DiscountInterRent’s units trade at a 5.8% discount to the estimated net asset value (NAV).
ValuationInterRent currently trades at a higher multiple of 22.3x compared to its Canadian residential peers, which average 19.9x.
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Options Prices
Currently, No data available
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Ownership Overview
7.26% Insiders
2.24% Mutual Funds
8.36% Other Institutional Investors
82.13% Public Companies and
Individual Investors
IIP.UN FAQ
What was InterRent REIT Un’s price range in the past 12 months?
InterRent REIT Un lowest stock price was C$11.43 and its highest was C$14.50 in the past 12 months.
What is InterRent REIT Un’s market cap?
Currently, no data Available
When is InterRent REIT Un’s upcoming earnings report date?
InterRent REIT Un’s upcoming earnings report date is Nov 06, 2024 which is in 48 days.
How were InterRent REIT Un’s earnings last quarter?
InterRent REIT Un released its earnings results on Aug 06, 2024. The company reported -C$0.007 earnings per share for the quarter, missing the consensus estimate of N/A by -C$0.007.
Is InterRent REIT Un overvalued?
According to Wall Street analysts InterRent REIT Un’s price is currently Undervalued.
Does InterRent REIT Un pay dividends?
InterRent REIT Un pays a Monthly dividend of C$0.03 which represents an annual dividend yield of 2.91%. See more information on InterRent REIT Un dividends here
What is InterRent REIT Un’s EPS estimate?
InterRent REIT Un’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does InterRent REIT Un have?
InterRent REIT Un has 147,623,900 shares outstanding.
What happened to InterRent REIT Un’s price movement after its last earnings report?
InterRent REIT Un reported an EPS of -C$0.007 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -2.134%.
Which hedge fund is a major shareholder of InterRent REIT Un?
Currently, no hedge funds are holding shares in TSE:IIP.UN
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InterRent REIT Un Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
C$14.81 (14.27% Upside)
C$14.81 (14.27% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-1.39%
12-Months-Change
Fundamentals
Return on Equity
-0.06%
Trailing 12-Months
Asset Growth
-1.70%
Trailing 12-Months
Company Description
InterRent REIT Un
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. The company operations are carried out through the region of Canada.
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IIP.UN Stock 12 Month Forecast
Average Price Target
C$14.81
▲(14.27% Upside)
Technical Analysis
H&R Real Estate ate Staple
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Canadian Apartment
―
Killam Apartment REIT Un
―
Slate Office REIT
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Best Analysts Covering IIP.UN
1 Year
1 Year Success Rate
23/26 ratings generated profit
1 Year Average Return
+21.92%
reiterated a buy rating 4 months ago
Copying Michael Markidis's trades and holding each position for 1 Year would result in 88.46% of your transactions generating a profit, with an average return of +21.92% per trade.
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