Last C$5.73 CAD
Change Today -0.09 / -1.55%
Volume 11.1K
IIP-U On Other Exchanges
Symbol
Exchange
Toronto
OTC US
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As of 12:27 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

interrent real estate invest (IIP-U) Snapshot

Open
C$5.80
Previous Close
C$5.82
Day High
C$5.80
Day Low
C$5.71
52 Week High
11/18/14 - C$6.20
52 Week Low
12/24/13 - C$5.11
Market Cap
330.5M
Average Volume 10 Days
34.9K
EPS TTM
C$0.41
Shares Outstanding
57.3M
EX-Date
11/26/14
P/E TM
14.0x
Dividend
C$0.22
Dividend Yield
3.53%
Current Stock Chart for INTERRENT REAL ESTATE INVEST (IIP-U)

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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 Enters into an Unconditional Agreement to Acquire Property in Ottawa

InterRent Real Estate Investment Trust announced that it has entered into an unconditional agreement to acquire a property in Ottawa that will add 393 suites to the InterRent portfolio. The property currently known as Forest Ridge is located at 2380 Baseline Rd, between Woodrooffe Ave and Greenbank Ave, and is ideally situated with easy access to Highways 416 and 417. The complex boarders the Centrepointe neighbourhood, which is home to Municipal offices, the Public Library and Centrepointe Theatre. It is also within close proximity to Algonquin College, Queensway-Carleton Hospital, Bayshore Shopping Centre, College Square, grocery stores, schools, parks and the proposed light rail terminal on Baseline Rd. This large property totals almost 16 acres and consists of one high-rise (169 suites), 2 low-rises (94 suites), 130 townhomes and almost 3 acres of vacant land that has already been severed. The suite breakdown is as follows: 23 bachelor; 145 1-bedroom; 92 2-bedroom; 36 2-bedroom townhomes; and, 94 3-bedroom townhomes. The acquisition is expected to be completed in early April at a purchase price of $56,250,000, or $143,130 per door, and $2,250,000 for the separate parcel of land, which was previously slated for a 140 unit condominium.

Interrent Real Estate Investment Trust Announces November 2014 Distribution, Payable on December 15, 2014

InterRent Real Estate Investment Trust that its distribution declared for the month of November 2014 is $0.0183 per Trust unit, equal to $0.22 per Trust unit on an annualized basis. As previously announced, the trustees decided to increase the amount of future distributions as a result of InterRent's portfolio demonstrating strong, sustainable results. This month's distribution represents a 10% increase over the previous 2014 monthly distributions. Payment will be made on or about December 15, 2014 to unitholders of record on November 30, 2014.

InterRent Real Estate Investment Trust Approves 10% Increase in the Monthly Distribution

InterRent Real Estate Investment Trust announced that the board of trustees has approved a 10% increase to the monthly per unit distributions. The increase will be effective for the November distribution that is to be paid in December 2014.

 

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IIP-U

Industry Average

Valuation IIP-U Industry Range
Price/Earnings 13.7x
Price/Sales 5.1x
Price/Book 0.8x
Price/Cash Flow 13.8x
TEV/Sales NM Not Meaningful
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