InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Announces Quarterly Earnings Results

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) posted its earnings results on Monday. The company reported $0.11 earnings per share for the quarter, Zacks reports. InterRent Real Estate Investment Trust had a return on equity of 0.80% and a net margin of 7.30%.

InterRent Real Estate Investment Trust Price Performance

Shares of OTCMKTS IIPZF remained flat at $9.54 during trading hours on Monday. InterRent Real Estate Investment Trust has a 1-year low of $6.64 and a 1-year high of $10.23. The firm has a 50 day moving average of $9.71 and a 200-day moving average of $9.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market cap of $1.33 billion, a P/E ratio of 95.40 and a beta of 0.77.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered InterRent Real Estate Investment Trust from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is a Canadian unincorporated, open-ended real estate investment trust specializing in the acquisition, ownership and management of multi-family residential properties. Its portfolio consists predominantly of mid-rise apartment buildings and townhouse complexes, and the trust emphasizes value-added opportunities by implementing targeted capital upgrades and operational enhancements. InterRent’s in-house property management services cover leasing, maintenance and tenant relations, driving occupancy and rental income growth across its assets.

Headquartered in Ottawa, InterRent REIT maintains a diversified portfolio across key urban and suburban markets in Ontario and Quebec, including Ottawa–Gatineau, Kingston, London and the Outaouais region.