Last C$5.52 CAD
Change Today -0.03 / -0.54%
Volume 13.5K
IIP-U On Other Exchanges
As of 3:59 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

interrent real estate invest (IIP-U) Snapshot

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52 Week High
10/25/13 - C$5.94
52 Week Low
11/13/13 - C$5.09
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interrent real estate invest (IIP-U) Details

InterRent International Properties, Inc. engages in the acquisition, ownership, and operation of multiunit residential properties, focusing primarily on larger population centers, such as London, as well as Kingston and Ottawa, Ontario. As of November 30, 2004, the company acquired 8 properties consisting of 219 units. The company was founded by G. Michael Newman in 1997. It was formerly known as Golden Hart Exploration, Inc. and changed its name to Beaufort Hills Resources, Inc. in 1999; to InterRent Properties, Ltd. in November 1999; and then to InterRent International Properties, Inc. in 2001. InterRent International Properties is headquartered in Toronto, Canada.

144 Employees
Last Reported Date: 03/4/14
Founded in 1997

interrent real estate invest (IIP-U) Top Compensated Officers

Chief Executive Officer, Trustee and Member o...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$200.0K
Vice President of Finance
Total Annual Compensation: C$145.0K
Vice President of Acquisitions
Total Annual Compensation: C$112.5K
Compensation as of Fiscal Year 2013.

interrent real estate invest (IIP-U) Key Developments

InterRent Real Estate Investment Trust Announces $39.5 Million Acquisition in Mississauga, Ontario

InterRent Real Estate Investment Trust announced that it has entered into an unconditional agreement to acquire a property in Mississauga consisting of 1 high-rise and 13 low-rise apartment buildings. In total, the acquisition will add 232 suites to the InterRent portfolio. The property is located at 6599 Glen Erin Drive, directly adjacent to InterRent's 2757 Battleford Road property, and across the street from the Meadowvale Town Centre. The site borders the walking trails around Lake Aquitaine Park and has easy access to the area from Erin Mills Parkway and Highways 401 and 407. The high-rise contains 74 suites and the low-rises total 158 suites, for a total addition of 86 1-bedroom and 146 2-bedroom suites to InterRent's portfolio. The Battleford Road and Glenn Erin Drive properties form one complex of 416 suites and share resident amenities including a fitness center and outdoor pool. The acquisition is expected to be completed in early December at a purchase price of $39,00,000 or $170,259 per suite. The property is being purchased with a going in capitalization rate of 5.3% which is immediately accretive to the REIT, and will be financed through a new conventional first mortgage.

InterRent Real Estate Investment Trust Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014

InterRent Real Estate Investment Trust Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014 . Venue: Four Seasons Hotel, Chicago, Illinois, United States.

InterRent Real Estate Investment Trust Announces August 2014 Distribution, Payable on or About September 15, 2014

InterRent Real Estate Investment Trust announced that its distribution declared for the month of August 2014 is $0.0167 per trust unit, equal to $0.20 per trust unit on an annualized basis. Payment will be made on or about September 15, 2014 to unitholders of record on August 31, 2014.


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Price/Earnings 16.1x
Price/Sales 4.9x
Price/Book 0.8x
Price/Cash Flow 16.1x
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