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InterRent REIT Un (TSE:IIP.UN)
TSX:IIP.UN
InterRent REIT Un (IIP.UN) Stock Price & Analysis
105 Followers
IIP.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$11.21 - C$14.32
Previous CloseC$12.03
Volume98.46K
Average Volume (3M)362.25K
Market Cap
C$1.78B
Enterprise ValueC$3.43B
Total Cash (Recent Filing)C$7.18M
Total Debt (Recent Filing)C$1.66B
Price to Earnings (P/E)48.8
Beta1.26
Next Earnings
Jul 31, 2024EPS EstimateN/A
Last Dividend Ex-Date
Jun 28, 2024Dividend Yield3.12%
Share Statistics
EPS (TTM)0.25
Shares Outstanding145,185,147
10 Day Avg. Volume408,167
30 Day Avg. Volume362,252
Standard Deviation0.07
R-Squared0.47
Alpha-0.00546
Financial Highlights & Ratios
Price to Book (P/B)0.66
Price to Sales (P/S)7.23
Price to Cash Flow (P/CF)23.20
P/FCF Ratio12.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$14.84Price Target Upside22.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
Bulls Say, Bears Say
Bulls Say
Balance SheetBalance sheet improvements include a $26M decline in net debt and the full repayment of amounts previously drawn on credit facilities.
Capital AllocationThe pending sale of the Gatineau portfolio for $92M will provide management with additional capital to redeploy into external and/or internal value-add opportunities.
Rent IncreasesConsistently capturing ~20% rent increases on turn, with 461 new leases signed during the quarter carrying an average spread of +20.3%.
Bears Say
Debt CostsHigher costs of variable rate debt contributed to a $1.3 million increase in interest expense.
General And Administrative CostsG&A costs rose by $594,000 to $4.1 million, impacting overall profitability.
Interest ExpenseInterest expense increased by $1.3 million or 9% due to more mortgages and higher costs of variable rate debt.
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Options Prices
Currently, No data available
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Ownership Overview
7.38% Insiders
2.52% Mutual Funds
8.98% Other Institutional Investors
81.12% Public Companies and
Individual Investors
IIP.UN FAQ
What was InterRent REIT Un’s price range in the past 12 months?
InterRent REIT Un lowest stock price was C$11.21 and its highest was C$14.32 in the past 12 months.
What is InterRent REIT Un’s market cap?
Currently, no data Available
When is InterRent REIT Un’s upcoming earnings report date?
InterRent REIT Un’s upcoming earnings report date is Jul 31, 2024 which is in 28 days.
How were InterRent REIT Un’s earnings last quarter?
InterRent REIT Un released its earnings results on May 09, 2024. The company reported C$0.181 earnings per share for the quarter, beating the consensus estimate of N/A by C$0.181.
Is InterRent REIT Un overvalued?
According to Wall Street analysts InterRent REIT Un’s price is currently Undervalued.
Does InterRent REIT Un pay dividends?
InterRent REIT Un pays a Monthly dividend of C$0.03 which represents an annual dividend yield of 3.12%. See more information on InterRent REIT Un dividends here
What is InterRent REIT Un’s EPS estimate?
InterRent REIT Un’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does InterRent REIT Un have?
InterRent REIT Un has 145,313,900 shares outstanding.
What happened to InterRent REIT Un’s price movement after its last earnings report?
InterRent REIT Un reported an EPS of C$0.181 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 2.53%.
Which hedge fund is a major shareholder of InterRent REIT Un?
Currently, no hedge funds are holding shares in TSE:IIP.UN
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InterRent REIT Un Stock Smart Score
Unlock Smart Score
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Technicals
SMA
Negative
20 days / 200 days
Momentum
-3.33%
12-Months-Change
Fundamentals
Return on Equity
1.40%
Trailing 12-Months
Asset Growth
0.27%
Trailing 12-Months
Company Description
InterRent REIT Un
InterRent Real Estate Investment Trust 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. The company operations are carried out through the region of Canada.
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IIP.UN Stock 12 Month Forecast
Average Price Target
C$14.84
▲(22.80% Upside)
Technical Analysis
Chartwell Retirement Residences
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Canadian Apartment
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Killam Apartment REIT Un
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Plaza Retail REIT
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Best Analysts Covering IIP.UN
1 Year
1 Year Success Rate
21/26 ratings generated profit
1 Year Average Return
+21.09%
reiterated a buy rating 2 months ago
Copying Michael Markidis's trades and holding each position for 1 Year would result in 80.77% of your transactions generating a profit, with an average return of +21.09% per trade.
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