InterRent Real Estate Investment Trust (TSE:IIP.UN) Releases Quarterly Earnings Results

InterRent Real Estate Investment Trust (TSE:IIP.UNGet Free Report) issued its earnings results on Monday. The real estate investment trust reported C($0.03) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$60.89 million during the quarter. InterRent Real Estate Investment Trust had a negative return on equity of 0.06% and a negative net margin of 0.69%.

InterRent Real Estate Investment Trust Trading Down 0.4%

Shares of IIP.UN traded down C$0.05 during trading hours on Monday, hitting C$13.13. The stock had a trading volume of 312,142 shares, compared to its average volume of 428,222. InterRent Real Estate Investment Trust has a 12-month low of C$10.96 and a 12-month high of C$13.80. The company’s fifty day simple moving average is C$13.31 and its 200 day simple moving average is C$13.31. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The firm has a market cap of C$1.84 billion, a P/E ratio of 99.29 and a beta of 0.46.

InterRent Real Estate Investment Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be given a $0.0331 dividend. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 30th. InterRent Real Estate Investment Trust’s dividend payout ratio (DPR) is 300.13%.

About InterRent Real Estate Investment Trust

(Get Free Report)

InterRent¿REIT 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. InterRent’s strategy is to expand its portfolio primarily within¿markets that have exhibited stable market vacancies,¿sufficient suites available to attain the critical mass necessary to implement¿an efficient portfolio management structure, and¿offer opportunities for accretive acquisitions.

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