Professional
Added to YB: 2025-04-03
Pitch date: 2025-04-01
IIP-UN.TO [neutral]
InterRent Real Estate Investment Trust
+20.06%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
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.
Market Cap
CAD 1.9B
Pitch Price
CAD 10.99
Price Target
N/A
Dividend
2.92%
EV/EBITDA
22.45
P/E
-11.61
EV/Sales
14.62
Sector
Residential REITs
Category
value
Reflection on some top real estate ideas - InterRent Real Estate Investment Trust
IIP-UN.TO (holding overview): Activist Anson takes 10% stake. 31% discount to NAV, double-digit FFO growth, rising rents. Buybacks from non-core sales. Immigration cuts & Toronto condo weakness concerns, but residential remains defensive. CEO Cooper: multifamily bullmarket potential as new construction slows. Strong leasing spreads.
Read full article (2 min)