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$1.36B
N/A
N/A
295.00%
InterRent Real Estate Investment Trust (IIPZF) trades on United States in USD. The company is classified in the Real Estate sector under the REIT - Residential industry. The stock currently trades at $9.54, down 2.65% from the previous close.
Over the past year, IIPZF has traded between a low of $7.66 and a high of $10.08. The stock has gained 22.8% over this period. It is currently 5.3% below its 52-week high.
InterRent Real Estate Investment Trust has a market capitalization of $1.36B and a dividend yield of 295.00%.
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.
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