Interrent Real Estate Investment Trust
IIP.UN
ISIN null / Valor 3259332
Interrent Real Estate Investment Trust
UMushroom community rating:
About company
Interrent Real Estate Investment Trust is a growth-oriented real estate investment trust engaged in the acquisition, ownership, management, leasing, and repositioning of multi-family residential properties across Canada.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.10.2025):
Interrent Real Estate Investment Trust reported strong financial results for the third quarter of 2024, demonstrating significant growth in occupancy rates, rental income, and operational efficiency. The REIT continues to maintain a robust financial position while strategically expanding its portfolio through key acquisitions.
Increased Occupancy Rates
Interrent achieved a same property and total portfolio occupancy rate of 96.4% in September 2024, marking a year-over-year increase of 120 basis points and a quarter-over-quarter rise of 20 basis points from Q2 2024.
Growth in Average Monthly Rent
The REIT reported an Average Monthly Rent (AMR) of $1,687 for the total portfolio and $1,686 for the same property portfolio in September, reflecting a 7.0% and 5.6% year-over-year growth respectively.
Enhanced Net Operating Income
Same property proportionate Net Operating Income (NOI) increased by 8.7% year-over-year to $41.5 million, with the NOI margin improving by 40 basis points to reach 68.2%.
Strong Funds from Operations
Funds from Operations (FFO) rose by 9.7% year-over-year to $23.4 million, and Adjusted Funds from Operations (AFFO) grew by 10.3% to $20.9 million, both reflecting substantial improvements in the REIT's financial performance.
Strategic Acquisitions and Financial Position
Interrent successfully acquired a newly-constructed community in downtown Montréal for $107 million in a 50% joint venture, enhancing its portfolio in a prime location. The REIT maintains a strong financial position with a debt-to-GBV ratio of 38.5% and continues to prioritize disciplined capital allocation.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1326 M
Market cap (USD)
118,782
Daily traded volume (Shares)
10.18 / 9.91
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Ratings & reviews
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