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InterRent REIT Un (TSE:IIP.UN)
TSX:IIP.UN
InterRent REIT Un (IIP.UN) Stock Price & Analysis
101 Followers
IIP.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$11.26 - C$14.40
Previous CloseC$12.24
Volume54.29K
Average Volume (3M)316.19K
Market Cap
C$1.80B
Enterprise ValueC$3.46B
Total Cash (Recent Filing)C$7.18M
Total Debt (Recent Filing)C$1.66B
Price to Earnings (P/E)49.7
Beta1.22
Next Earnings
Jul 31, 2024EPS EstimateN/A
Last Dividend Ex-Date
Apr 29, 2024Dividend Yield2.98%
Share Statistics
EPS (TTM)0.25
Shares Outstanding147,222,913
10 Day Avg. Volume341,702
30 Day Avg. Volume316,187
Standard Deviation0.07
R-Squared0.45
Alpha-0.00353
Financial Highlights & Ratios
Price to Book (P/B)0.70
Price to Sales (P/S)7.50
Price to Cash Flow (P/CF)24.50
P/FCF Ratio13.30
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 Upside21.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Bulls Say, Bears Say
Bulls Say
Financial StabilityNet debt declined and amounts previously drawn on credit facilities were fully repaid, showcasing improved financial health.
Growth OpportunitiesWell-positioned to pursue growth opportunities with significant capital ready to be reinvested into the portfolio, development, and acquisitions.
Operational PerformanceStrong lease renewals with approximately 20% rent increases on turn, indicating robust demand and limited supply in the rental market.
Bears Say
Earnings GrowthAbnormally high interest expense inflation has restricted earnings growth to a modest annual rate.
Financial PerformanceSlower-than-expected turnover and/or new leasing spreads are significant potential risks affecting the stock's performance.
Operational CostsIncrease in general and administrative costs due to branding changes has impacted the fund's efficiency.
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Options Prices
Currently, No data available
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Ownership Overview
5.16% Insiders
1.81% Mutual Funds
8.92% Other Institutional Investors
84.11% 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$11.26 and its highest was C$14.39 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 70 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 2.98%. 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 2.517%.
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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
C$14.84 (21.84% Upside)
C$14.84 (21.84% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-5.82%
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
▲(21.84% Upside)
Technical Analysis
Crombie Real Estate ate
―
Killam Apartment REIT Un
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Canadian Apartment
―
H&R Real Estate ate Staple
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Best Analysts Covering IIP.UN
1 Year
1 Year Success Rate
22/26 ratings generated profit
1 Year Average Return
+21.27%
reiterated a buy rating 11 days ago
Copying Michael Markidis's trades and holding each position for 1 Year would result in 84.62% of your transactions generating a profit, with an average return of +21.27% per trade.
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