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InterRent REIT Un (TSE:IIP.UN)
TSX:IIP.UN
InterRent REIT Un (IIP.UN) Stock Price & Analysis
95 Followers
IIP.UN Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$11.26 - C$14.40
Previous CloseC$11.93
Volume304.51K
Average Volume (3M)345.55K
Market Cap
C$1.75B
Enterprise ValueC$3.44B
Total Cash (Recent Filing)C$2.55M
Total Debt (Recent Filing)C$1.69B
Price to Earnings (P/E)18.9
Beta1.18
Next Earnings
May 09, 2024EPS EstimateN/A
Last Dividend Ex-Date
Apr 29, 2024Dividend Yield3.08%
Share Statistics
EPS (TTM)0.63
Shares Outstanding147,222,913
10 Day Avg. Volume196,023
30 Day Avg. Volume345,548
Standard Deviation0.07
R-Squared0.45
Alpha-0.00353
Financial Highlights & Ratios
Price to Book (P/B)0.68
Price to Sales (P/S)7.30
Price to Cash Flow (P/CF)12.90
P/FCF Ratio8.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$14.81Price Target Upside22.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Bulls Say, Bears Say
Bulls Say
Financial HealthMortgage refinancings significantly lower IIP's average cost of debt.
Growth PotentialRobust demand and limited new supply in the rental market leading to consistent rent growth.
Operational PerformanceStrong organic growth with same-property rental rate growth strongest in key markets and a decrease in same-property vacancy.
Bears Say
Financial RisksSlower-than-expected turnover and/or new leasing spreads are significant potential risks.
Interest Expense InflationAbnormally high interest expense inflation is limiting earnings growth to only approximately 4% annually.
Operational CostsIncrease in general and administrative costs due to branding changes is impacting the fund's expenses.
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Options Prices
Currently, No data available
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Ownership Overview
5.18% Insiders
1.82% Mutual Funds
8.96% Other Institutional Investors
84.04% 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 May 09, 2024 which is in 3 days.
How were InterRent REIT Un’s earnings last quarter?
InterRent REIT Un released its earnings results on Feb 29, 2024. The company reported C$0.186 earnings per share for the quarter, beating the consensus estimate of N/A by C$0.186.
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 3.08%. 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 144,783,160 shares outstanding.
What happened to InterRent REIT Un’s price movement after its last earnings report?
InterRent REIT Un reported an EPS of C$0.186 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -1.888%.
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$14.81 (22.30% Upside)
C$14.81 (22.30% Upside)
Blogger Sentiment
Bullish
TSE:IIP.UN Sentiment 100%
Sector Average 67%
Sector Average 67%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-3.44%
12-Months-Change
Fundamentals
Return on Equity
3.64%
Trailing 12-Months
Asset Growth
2.80%
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 Months Forecast
Average Price Target
C$14.81
▲(22.30% Upside)
Technical Analysis
Crombie Real Estate ate
―
Killam Apartment REIT Un
―
Canadian Apartment
―
H&R Real Estate ate Staple
―
Best Analysts Covering IIP.UN
1 Year
1 Year Success Rate
21/25 ratings generated profit
1 Year Average Return
+21.79%
assigned a buy rating 2 months ago
Copying Michael Markidis's trades and holding each position for 1 Year would result in 84.00% of your transactions generating a profit, with an average return of +21.79% per trade.
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