Equity Overview
Price & Market Data
Price: $7.89
Daily Change: -$0.07 / 0.89%
Range: $7.88 - $8.00
Market Cap: $1,169,589,888
Volume: 9,377
Performance Metrics
1 Week: 9.81%
1 Month: 3.52%
3 Months: 12.77%
6 Months: -8.30%
1 Year: -8.41%
YTD: 11.81%
Company Details
Employees: 482
Sector: Finance
Industry: Real estate investment trusts
Country: Canada
Details
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.