InterRent Real Estate Investment Trust. Stock Analysis IIP.UN.TO

InterRent Real Estate Investment Trust engages in the acquisition and ownership of properties. The company is headquartered in Ottawa, Ontario. The company went IPO on 2001-10-05. The firm's primary objectives are to grow both funds from operations per unit and net asset value per unit through investments in a diversified portfolio of multi-residential properties; to provide unitholders with sustainable and growing cash distributions (payable monthly), and to maintain a conservative payout ratio and balance sheet. The firm is operating in four core regions: Greater Toronto & Hamilton Area, Greater Montreal Area, National Capital Region, and the Greater Vancouver Area. The firm's portfolio is comprised of approximately 123 communities with a total of 13,435 suites. Its properties under development include 360 Laurier (Ottawa), Richmond & Churchill (Ottawa), Burlington GO Lands (Burlington), and 900 Albert Street (Ottawa).