InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Announces Quarterly Earnings Results

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) posted its quarterly earnings data on Monday. The company reported $0.11 earnings per share for the quarter, Zacks reports. InterRent Real Estate Investment Trust had a net margin of 7.30% and a return on equity of 0.80%.

InterRent Real Estate Investment Trust Price Performance

OTCMKTS:IIPZF remained flat at $9.54 on Monday. InterRent Real Estate Investment Trust has a 12 month low of $6.64 and a 12 month high of $10.23. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market capitalization of $1.33 billion, a PE ratio of 95.40 and a beta of 0.77. The business has a 50 day moving average of $9.71 and a 200 day moving average of $9.62.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut shares of InterRent Real Estate Investment Trust from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

InterRent Real Estate Investment Trust Company Profile

InterRent Real Estate Investment Trust is a Canadian unincorporated, open-ended real estate investment trust specializing in the acquisition, ownership and management of multi-family residential properties. Its portfolio consists predominantly of mid-rise apartment buildings and townhouse complexes, and the trust emphasizes value-added opportunities by implementing targeted capital upgrades and operational enhancements. InterRent’s in-house property management services cover leasing, maintenance and tenant relations, driving occupancy and rental income growth across its assets.

Headquartered in Ottawa, InterRent REIT maintains a diversified portfolio across key urban and suburban markets in Ontario and Quebec, including Ottawa–Gatineau, Kingston, London and the Outaouais region.