InterRent Real Estate Investment Trust

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InterRent Real Estate Investment Trust (IIP-UN) Price Performance

InterRent Real Estate Investment Trust (IIP-UN) trades on Toronto Stock Exchange in CAD. The company is classified in the Real Estate sector under the REIT - Residential industry. The stock currently trades at CAD13.30, down 0.08% from the previous close.

Over the past year, IIP-UN has traded between a low of CAD9.69 and a high of CAD13.45. The stock has gained 21.9% over this period. It is currently 37.2% above its 52-week low.

InterRent Real Estate Investment Trust has a market capitalization of $1.88B, with a price-to-earnings ratio of 102.00 and a dividend yield of 2.98%.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is a growth-oriented real estate investment trust. The firm 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. InterRent's primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet. InterRent Real Estate Investment Trust was incorporated in Ontario, Canada in 2006.