The earnings call reflects a mostly positive sentiment with strong occupancy and revenue growth, strategic capital allocation, and successful disposition strategy. However, the increase in operating costs and external market pressures present challenges. The company seems well-positioned to navigate these issues with disciplined management and a focus on long-term growth.

Company Guidance -

Q1 2025

During the Q1 2025 earnings call for InterRent REIT, management provided detailed guidance on several key metrics. The total portfolio occupancy was reported at a stable 96.8%, with an improvement of 10 basis points to 96.9% for the same property portfolio. Year-over-year average monthly rent (AMR) growth was 6.2% for the total portfolio and 5% for the same properties. The total portfolio operating revenues increased by 1.7% year-over-year, with same property revenue growth at 4.7%. Despite higher operating costs due to increased utility and weather-related expenses, same property NOI growth was 3.1%, with a margin of 64.1%, down 110 basis points from the previous year. The REIT achieved funds from operations (FFO) of $21.8 million, marking a 3.3% year-over-year improvement, translating to $0.15 per unit, a 4.2% increase. The company executed a value-enhancing disposition strategy, generating $39 million in net proceeds from three dispositions and repurchasing 4.4% of its units. The balance sheet was further strengthened with an interest coverage ratio of 2.6 times, total debt-to-gross book value at 40.9%, and $236 million in available liquidity, supporting ongoing capital allocation strategies.

Stable Occupancy Levels

Occupancy held steady at 96.8% for the total portfolio and improved by 10 basis points to 96.9% for the same property portfolio.

AMR and Revenue Growth

Achieved a 6.2% year-over-year AMR growth for the total portfolio and 5% for the same properties, leading to total portfolio operating revenue growth of 1.7% year-over-year.

Strong Financial Position and Capital Allocation

Generated $39 million in net proceeds through three dispositions and repurchased 4.4% of outstanding units at a significant discount to IFRS NAV, boosting interest coverage ratio to 2.6 times and maintaining total debt-to-gross book value at 40.9%.

Proactive Marketing and Leasing Strategy

Executed 475 new leases during Q1, a 3% increase from the previous year, with outgoing rents growing at a compound annual rate of nearly 12% and in-place AMR increasing by about 7%.

Successful Disposition Strategy

Well on track with the disposition program, with $170 million in asset sales completed or pending, generating immediate accretion to unitholders.

InterRent REIT Un (TSE:IIP.UN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:IIP.UN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2025	2025 (Q2)	- / -	-0.007	―	―	―
May 15, 2025	2025 (Q1)	- / 0.07	0.181	-62.98% (-0.11)	―	―
Feb 25, 2025	2024 (Q4)	- / -0.72	0.186	-489.25% (-0.91)	―	―
Nov 04, 2024	2024 (Q3)	- / -0.50	-0.373	-34.58% (-0.13)	―	―
Aug 06, 2024	2024 (Q2)	- / >-0.01	0.252	-102.78% (-0.26)	―	―
May 09, 2024	2024 (Q1)	- / 0.18	0.569	-68.19% (-0.39)	―	―
Feb 29, 2024	2023 (Q4)	- / 0.19	-0.696	126.72% (+0.88)	―	―
Nov 01, 2023	2023 (Q3)	- / -0.37	0.226	-265.04% (-0.60)	―	―
Aug 02, 2023	2023 (Q2)	- / 0.25	0.538	-53.16% (-0.29)	―	―
May 09, 2023	2023 (Q1)	- / 0.57	0.658	-13.53% (-0.09)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:IIP.UN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 15, 2025	C$11.34	C$11.61	+2.38%
Feb 25, 2025	C$9.58	C$9.78	+2.09%
Nov 04, 2024	C$11.01	C$11.00	-0.09%
Aug 06, 2024	C$12.32	C$12.05	-2.19%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does InterRent REIT Un (TSE:IIP.UN) report earnings?

InterRent REIT Un (TSE:IIP.UN) is schdueled to report earning on Aug 12, 2025, TBA (Confirmed).

What is InterRent REIT Un (TSE:IIP.UN) earnings time?

InterRent REIT Un (TSE:IIP.UN) earnings time is at Aug 12, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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What is TSE:IIP.UN EPS forecast?

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