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InterRent Real Estate Investment Trust (IIP_u.TO)

IIP_u.TO on Toronto Stock Exchange

8.06CAD
3:41pm EDT
Change (% chg)

$-0.02 (-0.25%)
Prev Close
$8.08
Open
$8.10
Day's High
$8.15
Day's Low
$8.04
Volume
136,468
Avg. Vol
154,716
52-wk High
$8.65
52-wk Low
$6.97

Latest Key Developments (Source: Significant Developments)

InterRent REIT qtrly AFFO per unit up 9.9 pct to $0.078
Monday, 8 May 2017 07:30am EDT 

May 8 (Reuters) - Interrent Real Estate Investment Trust :Interrent reit results for the first quarter of 2017.For quarter, ffo per unit increased by 11.0%, from $0.082 per unit to $0.091 per unit..Interrent real estate investment trust - for quarter, affo per unit increased by 9.9 percent from $0.071 per unit to $0.078 per unit.Interrent real estate investment trust qtrly ffo per weighted average unit $0.091.Interrent real estate investment trust qtrly net operating $14.3 million, an increase of $1.3 million, or 10.2 percent over q1 2016.  Full Article

INTERRENT ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED EQUITY OFFERING TO $75 MLN
Friday, 24 Feb 2017 10:04am EST 

Interrent Real Estate Investment Trust : INTERRENT ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED EQUITY OFFERING TO $75 MILLION .INTERRENT REAL ESTATE INVESTMENT - REIT INCREASED SIZE OF PREVIOUSLY ANNOUNCED PUBLIC OFFERING TO 9.77 MILLION TRUST UNITS AT PRICE OF $7.68/TRUST UNIT.  Full Article

Interrent announces a $50 mln equity offering
Thursday, 23 Feb 2017 04:37pm EST 

Interrent Real Estate Investment Trust : Interrent announces a $50 million equity offering . Net proceeds from offering will be used in part to pay down corporate debt .Interrent Real Estate Investment Trust says to sell 6.5 million trust units of interrent at a price of $7.68 per trust unit.  Full Article

Interrent REIT qtrly AFFO per weighted average unit $0.089
Tuesday, 21 Feb 2017 07:15pm EST 

Interrent Real Estate Investment Trust : Interrent REIT results for the fourth quarter and 2016 results . Qtrly AFFO per weighted average unit $0.089 . Qtrly FFO per weighted average unit $0.101 .Q4 FFO per share view c$0.10 -- Thomson Reuters I/B/E/S.  Full Article

Interrent REIT qtrly FFO per unit $0.102
Monday, 7 Nov 2016 08:00am EST 

Interrent Real Estate Investment Trust : Qtrly ffo per weighted average unit $ 0.102; affo per weighted average unit $ 0.090 . Interrent real estate investment trust- noi for quarter was $14.7 million compared to $13.3 million . Interrent real estate investment trust- gross rental revenue for quarter was $24.7 million, an increase of $2.9 million, or 13.4%, compared to q3 2015 .Interrent reit results for the third quarter of 2016 and a 5% increase in the monthly distribution.  Full Article

Interrent real estate investment trust says Jacie Levinson,chairman of board, passed away
Thursday, 13 Oct 2016 08:30am EDT 

Interrent Real Estate Investment Trust :Says jacie levinson, trustee and chairman of board, passed away on october 9, 2016.  Full Article

InterRent Announces $21.6 Million Acquisition in Montreal, Quebec and $8.7 Million Disposition in Brampton, Ontario
Friday, 27 Nov 2015 08:54am EST 

InterRent Real Estate Investment Trust:entered into an unconditional agreement to acquire a property in Le Plateau-Mont-Royal (Montreal).property consists of 127 suites along with a ground floor commercial unit.Building is located at 1101 Rachel Street and consists of 94 1-bedroom, 33 2-bedrooms and a commercial ground floor retail unit.property was purchased at a price of $21,550,000 or $168,000 per suite and at a going in cap rate for the acquisition was 4.6%.purchase is scheduled to be completed in March of 2016 and will be financed through a conventional first mortgage.Entered into an unconditional agreement to sell 26 June Avenue in Brampton, Ontario, a 44 suite apartment building.sale is being completed at a price of $197,000 per suite for a total of $8,675,000 and at a cap rate of 4.4%.sale is scheduled to be completed in January of 2016.  Full Article

InterRent Real Estate Investment Trust says 5% increase in the monthly distribution
Thursday, 12 Nov 2015 08:30am EST 

InterRent Real Estate Investment Trust:Says Monthly distribution has been increased by 5% effective with the November distribution that is to be paid in December 2015.  Full Article

InterRent Real Estate Investment Trust announces acquisition in Burlington, Ontario
Monday, 9 Nov 2015 09:00am EST 

InterRent Real Estate Investment Trust:Announces $21 million acquisition in Burlington, Ontario.Unconditional agreement to acquire two properties, totaling 123 suites, within city of Burlington, Ontario.  Full Article

InterRent Real Estate Investment Trust Announces $51 Million Acquisition in Hamilton, Ontario
Wednesday, 2 Sep 2015 06:29pm EDT 

InterRent Real Estate Investment Trust:Announces $51 million acquisition in Hamilton, Ontario.Estate investment - to acquire a multi-family portfolio in Hamilton that will add 618 suites to the reit.Says acquisition will be financed through a conventional first mortgage.  Full Article

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BRIEF-InterRent REIT qtrly AFFO per unit up 9.9 pct to $0.078

* For quarter, ffo per unit increased by 11.0%, from $0.082 per unit to $0.091 per unit.