InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Trading 0.2% Higher – Still a Buy?

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF)’s share price shot up 0.2% on Monday . The stock traded as high as $9.65 and last traded at $9.65. 76 shares were traded during trading, a decline of 71% from the average session volume of 259 shares. The stock had previously closed at $9.6261.

InterRent Real Estate Investment Trust Price Performance

The company has a market capitalization of $1.35 billion, a P/E ratio of 321.67 and a beta of 0.77. The business’s 50-day simple moving average is $9.64 and its 200 day simple moving average is $9.63. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.70.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.11 EPS for the quarter. InterRent Real Estate Investment Trust had a return on equity of 0.20% and a net margin of 1.81%.The company had revenue of $44.39 million for the quarter.

About InterRent Real Estate Investment Trust

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.