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InterRent REIT Un ( ($TSE:IIP.UN) ) has issued an update.
InterRent REIT reported strong financial results for Q4 and the full year ending December 31, 2024, with record annual NOI margins. Key highlights include a same-property portfolio occupancy rate of 97.1%, AMR growth of 5.0% for the same-property portfolio, and a 6.6% increase for the total portfolio. The REIT achieved a same-property proportionate NOI increase of 7.6% YoY, with a total portfolio proportionate NOI of $42.0 million, reflecting a 3.6% increase YoY. Additionally, the company repurchased units under the NCIB and AUPP, representing 2.3% of issued and outstanding trust units as of December 31, 2023. These results underscore InterRent’s strong operational performance and strategic focus on enhancing shareholder value.
More about InterRent REIT Un
InterRent Real Estate Investment Trust (REIT) operates in the real estate industry, focusing on the acquisition and management of residential properties. The company primarily targets the Canadian market, offering rental housing solutions across various regions.
YTD Price Performance: -3.21%
Average Trading Volume: 464,012
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.44B
See more data about IIP.UN stock on TipRanks’ Stock Analysis page.