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InterRent REIT Un (TSE:IIP.UN)
TSX:IIP.UN
Holding TSE:IIP.UN?
Track your performance easily
Earnings Data
Report Date
Feb 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.19Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: -11.09%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong occupancy and rental rate growth, robust financial performance, and successful acquisitions, alongside challenges such as a fair value loss on properties and concerns about future rent growth due to immigration policy changes.Company Guidance
In the Q3 2024 earnings call for InterRent REIT (IIP.UN.TO), the management highlighted several key financial metrics and operational achievements. The company reported a year-over-year occupancy rate increase of 120 basis points, reaching 96.4% in September, with 1,279 new leases signed during the quarter. The average monthly rent for the portfolio rose to $1,687, reflecting a 7% year-over-year increase. Same-property revenue grew by 7.9%, while the same-property NOI margin improved by 40 basis points to 68.2%. Financing costs decreased by 210 basis points to 22.7% of revenue, driven by a 6.4% reduction in year-over-year financing costs. The company achieved a 9.7% increase in FFO, reaching $23.4 million, and an 8.9% increase in FFO per unit to $0.159. Additionally, the debt-to-gross book value ratio decreased by 10 basis points to 38.5%. InterRent maintains a strong financial position, with $295 million in available liquidity and a commitment to disciplined capital allocation, as evidenced by its recent acquisition of a new-build community in Montreal.Strong Occupancy and Rental Rate Growth
Occupancy rate increased by 120 basis points year-over-year to 96.4% in September. Average monthly rent grew by 7% year-over-year, with same-property AMR growth of 5.6%.
Financial Performance and Cost Management
Same-property revenue increased by 7.9%, and proportionate NOI margin improved by 40 basis points to 68.2%. Financing costs reduced by 6.4% year-over-year.
Acquisition in Montreal
Acquired a new-build community in Montreal at a discount to replacement cost, featuring 248 residential suites and 70,000 square feet of commercial space.
Sustainability Achievements
Awarded a 3 Green Star designation for GRESB Real Estate Assessment with a score of 81, improving by 21% from the previous year.
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TSE:IIP.UN Earnings History
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
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TSE:IIP.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | C$11.18 | C$11.17 | -0.09% |
| Aug 06, 2024 | C$12.50 | C$12.24 | -2.08% |
| May 09, 2024 | C$11.66 | C$11.96 | +2.57% |
| Feb 29, 2024 | C$13.48 | C$13.22 | -1.93% |
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.
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FAQ
When does InterRent REIT Un (TSE:IIP.UN) report earnings?
InterRent REIT Un (TSE:IIP.UN) is schdueled to report earning on Feb 24, 2025, TBA Not Confirmed.
What is InterRent REIT Un (TSE:IIP.UN) earnings time?
InterRent REIT Un (TSE:IIP.UN) earnings time is at Feb 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:IIP.UN EPS forecast?
Currently, no data Available
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