The latest announcement is out from InterRent REIT Un ( ($TSE:IIP.UN) ).
InterRent REIT has announced a distribution of $0.033075 per Trust unit for March 2025, equating to $0.3969 annually, payable on April 15, 2025, to unitholders of record by March 31, 2025. This announcement reflects InterRent’s ongoing commitment to delivering sustainable and growing cash distributions to its stakeholders, reinforcing its position in the real estate investment sector.
More about InterRent REIT Un
InterRent REIT is a growth-oriented real estate investment trust focused on enhancing Unitholder value through acquiring and owning multi-residential properties. The company aims to expand its portfolio in stable markets with sufficient available suites for efficient management and opportunities for profitable acquisitions. InterRent’s primary goals include growing funds from operations per Unit, providing sustainable and growing monthly cash distributions to Unitholders, and maintaining a conservative payout ratio and balance sheet.
YTD Price Performance: 3.47%
Average Trading Volume: 484,051
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.53B
Learn more about IIP.UN stock on TipRanks’ Stock Analysis page.