Deal ValuationAn all-cash offer valuing InterRent at about $2 billion and implying a cap rate that provides a premium to estimated NAV delivers a clear valuation uplift for shareholders and positive readthrough for Canadian apartment peers.
Operating PerformanceRecurring FFO per unit increased, supported by above-market same-property rent growth and a decline in same-property vacancy, which underpins cash flow resilience.
Transaction ClosingRegulatory approvals are secured, increasing the likelihood that the agreed acquisition by Carriage Hill will complete in H1/26 and reducing execution risk for InterRent shareholders.