D
InterRent Real Estate Investment Trust IIPZF
$7.84 -$0.027-0.34%
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Avg Vol (90D)
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P/E (TTM)
--
EPS (TTM)
Corporate Info
Phone Number
613 569 5699
Address
485 Bank Street
Suite 207
Ottawa, ON K2P 1Z2
Country
Canada
Year Founded
2006
Details
Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Employees
482
Business Decription
InterRent REIT 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. 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.

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