InterRent operates as owners and property managers of homes for more than 12,000 Canadian households and growing. They are a passionate group of individuals who work as a team and are encouraged to use their voices to have a positive impact in their communities. The demand for rental apartments is consistently strong, stemming from a variety of factors including improved youth employment and an aging Canadian population, and exceedingly high net international migration.
The company’s focus is to expand in the core markets of GTA, Montreal, the National Capital Region, and relating markets. Areas are selected based on their ability to meet the following parameters and contribute to the REIT’s growth-oriented strategy. Healthy economical regional centres & neighbourhoods; regions that have stable employment profiles derived from strong and sustainable industries and are expected to have continued population growth.
The management of environmental, social, and governance (ESG) topics is truly woven in the fabric of their day to day. They are passionate about implementing sustainable projects and their objective is to pursue pilots to reduce their environmental impacts. These initiatives benefit their residents, provide development opportunities for their teams, and help to safeguard their environment through lower energy consumption, better water and waste management, and reduced GHG emissions.
Their social objective is to offer an unsurpassed resident experience. They believe that dealing with people is the heart of any business, and this is especially true in the multi-family sector since their business impacts someone’s home. To maintain the confidence of investors and properly oversee the activities of management, adopting and upholding high standards of governance practices are essential.
InterRent REIT Stock Details
- Ticker: tse:iip.un
- Sector: Real Estate
- Industry: REIT - Residential
- Market Cap: 1.87B
- Market Cap Group: Small Cap
- P/E: 20.66
- Dividend Yield: 2.74%
- Grade: B
- Dividend Aristocrat: YES
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 7/10
- Dividend Income Fit: 3/10
IIP.UN Industry Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| ESS | NYSE:ESS | Essex Property Trust Inc. | 13.50 | 27.90 | 4.39 | YES | 1 | 10 | 83 |
| CAR.UN | TSE:CAR.UN | Canadian Apartment Properties REIT | 8.11 | 0.00 | 2.99 | YES | 1 | 10 | 83 |
| BEI.UN | TSE:BEI.UN | Boardwalk REIT | 2.72 | 7.45 | 1.97 | NO | 1 | 10 | 83 |
| KMP.UN | TSE:KMP.UN | Killam Apartment REIT | 2.03 | 13.79 | 4.05 | YES | 1 | 10 | 83 |
| IIP.UN | TSE:IIP.UN | InterRent REIT | 1.87 | 20.66 | 2.74 | YES | 1 | 10 | 83 |
| MRG.UN | TSE:MRG.UN | Morguard North American Residential REIT | 0.66 | 12.02 | 4.25 | NO | 1 | 10 | 83 |
| MI.UN | TSE:MI.UN | Minto Apartment REIT | 0.60 | 3.62 | 3.26 | YES | 1 | 10 | 83 |
Top Picks by Bay Street Experts
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
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InterRent REIT - FAQ
What is the stock ticker for InterRent REIT?
The stock ticker for InterRent REIT is TSE:iip.un.
Is InterRent REIT a good stock to buy?
You need to consider your investment strategy and how TSE:iip.un can fit in your portfolio.
The current dividend income score of 3/10 and dividend growth score of 7/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is InterRent REIT a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 53 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for InterRent REIT?
You can easily buy the IIP.UN stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.