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InterRent REIT
+39.86%
Real estate / REIT Residential
At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
InterRent REIT (REIT stands for Real Estate Investment Trust) is a Canadian real estate investment trust that specializes in acquiring, owning and managing multi-residential rental properties in urban and suburban markets across Canada. The company was founded in 1997 and is headquartered in Ottawa, Ontario.
The company's portfolio currently consists of over 14,500 residential suites located in Ontario, Quebec, Alberta, and British Columbia. These properties include both mid-rise and high-rise apartment buildings, townhouses, and garden-style communities.
InterRent's strategy is to acquire underperforming properties with potential for improvement, enhance their value through renovations and improved management, and then realize a higher return on investment through rental income and property appreciation. The company also focuses on sustainable and environmentally-friendly practices in the management of its properties.
InterRent's management team has over 20 years of experience in the Canadian multi-residential real estate market and has demonstrated a track record of creating value for shareholders through strategic acquisitions and efficient operations.
The company is publicly traded on the Toronto Stock Exchange under the symbol IIP.UN and is also listed on the OTCQX in the United States under the symbol IIPZF. InterRent pays a quarterly dividend to its shareholders and has a strong financial track record with a consistent growth in funds from operations (FFO) and net operating income (NOI).
In addition to its real estate portfolio, InterRent also has a development arm, CLV Group, which focuses on the acquisition and development of new rental properties, as well as the management and renovation of existing properties. This allows InterRent to continually grow its portfolio and diversify its investments.
Overall, InterRent REIT is a well-established and reputable company in the Canadian real estate market, with a clear strategy for growth and a strong track record of creating value for its shareholders.
The company's portfolio currently consists of over 14,500 residential suites located in Ontario, Quebec, Alberta, and British Columbia. These properties include both mid-rise and high-rise apartment buildings, townhouses, and garden-style communities.
InterRent's strategy is to acquire underperforming properties with potential for improvement, enhance their value through renovations and improved management, and then realize a higher return on investment through rental income and property appreciation. The company also focuses on sustainable and environmentally-friendly practices in the management of its properties.
InterRent's management team has over 20 years of experience in the Canadian multi-residential real estate market and has demonstrated a track record of creating value for shareholders through strategic acquisitions and efficient operations.
The company is publicly traded on the Toronto Stock Exchange under the symbol IIP.UN and is also listed on the OTCQX in the United States under the symbol IIPZF. InterRent pays a quarterly dividend to its shareholders and has a strong financial track record with a consistent growth in funds from operations (FFO) and net operating income (NOI).
In addition to its real estate portfolio, InterRent also has a development arm, CLV Group, which focuses on the acquisition and development of new rental properties, as well as the management and renovation of existing properties. This allows InterRent to continually grow its portfolio and diversify its investments.
Overall, InterRent REIT is a well-established and reputable company in the Canadian real estate market, with a clear strategy for growth and a strong track record of creating value for its shareholders.
What is special about the company?
InterRent REIT is a Canadian real estate investment trust that specializes in acquiring, owning, and managing multi-family residential properties in major urban markets across Canada. The company's focus on a specific type of real estate asset allows them to specialize and excel in this sector.
Some other key features of the company include:
1. Strong Financial Performance: Over the years, InterRent REIT has consistently delivered positive financial results, with continuous growth in revenues, net operating income, and occupancy rates. This demonstrates the company's strong financial management and stability.
2. Sustainable and Diversified Portfolio: The company has a diverse portfolio of over 15,000 residential units in prime locations across Canada, reducing its reliance on one specific market or property. This helps mitigate risk and makes the company a stable and sustainable investment option for shareholders.
3. Emphasis on ESG Practices: InterRent REIT is committed to incorporating environmental, social, and governance (ESG) practices into its business operations. This includes sustainable building practices, energy conservation measures, and community involvement initiatives, making it a responsible and socially conscious company.
4. Strong Management Team: The company's leadership team has extensive experience in the real estate industry, with a proven track record of successful acquisitions and value creation for shareholders.
5. Focus on Innovation: InterRent REIT is continuously seeking ways to innovate and improve its services and processes. This includes investing in technology and data analytics to improve operational efficiency and customer experience.
In summary, the combination of a specialized focus, strong financial performance, diverse portfolio, ESG practices, and a strong management team makes InterRent REIT a unique and attractive company in the real estate investment trust sector.
Some other key features of the company include:
1. Strong Financial Performance: Over the years, InterRent REIT has consistently delivered positive financial results, with continuous growth in revenues, net operating income, and occupancy rates. This demonstrates the company's strong financial management and stability.
2. Sustainable and Diversified Portfolio: The company has a diverse portfolio of over 15,000 residential units in prime locations across Canada, reducing its reliance on one specific market or property. This helps mitigate risk and makes the company a stable and sustainable investment option for shareholders.
3. Emphasis on ESG Practices: InterRent REIT is committed to incorporating environmental, social, and governance (ESG) practices into its business operations. This includes sustainable building practices, energy conservation measures, and community involvement initiatives, making it a responsible and socially conscious company.
4. Strong Management Team: The company's leadership team has extensive experience in the real estate industry, with a proven track record of successful acquisitions and value creation for shareholders.
5. Focus on Innovation: InterRent REIT is continuously seeking ways to innovate and improve its services and processes. This includes investing in technology and data analytics to improve operational efficiency and customer experience.
In summary, the combination of a specialized focus, strong financial performance, diverse portfolio, ESG practices, and a strong management team makes InterRent REIT a unique and attractive company in the real estate investment trust sector.
What the company's business model?
The business model of InterRent REIT is to acquire, own, and manage a portfolio of multi-unit residential properties across Canada. They generate revenue through rental income from their properties and aim to increase value for their shareholders through strategic acquisitions, better unit management, and cost reduction initiatives. Their focus is on high-growth urban markets and they aim to create value through properties that are well-located, well-managed, and well-financed. They also strive to maintain a sustainable and environmentally responsible portfolio by implementing energy-efficient practices and promoting green living. Additionally, the company aims to maintain a strong financial position by maintaining a balance between debt and equity.
Interesting facts about the company
1. InterRent REIT is a publicly traded real estate investment trust (REIT) that specializes in residential rental properties.
2. The company was founded in 1997 and is headquartered in Ottawa, Ontario, Canada.
3. InterRent REIT owns and operates over 10,000 residential units in major cities across Canada, including Ottawa, Toronto, Montreal, and Halifax.
4. The company’s portfolio consists of a mix of high-rise and low-rise buildings, as well as multi-family townhome complexes.
5. InterRent REIT has a diverse tenant base, with a focus on providing affordable housing to lower-income households.
6. The company has a strong track record of growth, with a total return to unitholders of over 100% since its initial public offering in 1998.
7. In addition to traditional rental properties, InterRent REIT also has a subsidiary company, Minto Lands Inc., that acquires, develops, and sells residential and commercial land.
8. InterRent REIT was named one of Canada’s Best Managed Companies for six consecutive years, from 2014 to 2019.
9. The company is committed to sustainability and has implemented numerous green initiatives in its properties, including energy-efficient lighting and water conservation programs.
10. InterRent REIT has a strong social responsibility program, partnering with local charities and organizations to support affordable housing and community development initiatives.
See Company Due Diligence:
2. The company was founded in 1997 and is headquartered in Ottawa, Ontario, Canada.
3. InterRent REIT owns and operates over 10,000 residential units in major cities across Canada, including Ottawa, Toronto, Montreal, and Halifax.
4. The company’s portfolio consists of a mix of high-rise and low-rise buildings, as well as multi-family townhome complexes.
5. InterRent REIT has a diverse tenant base, with a focus on providing affordable housing to lower-income households.
6. The company has a strong track record of growth, with a total return to unitholders of over 100% since its initial public offering in 1998.
7. In addition to traditional rental properties, InterRent REIT also has a subsidiary company, Minto Lands Inc., that acquires, develops, and sells residential and commercial land.
8. InterRent REIT was named one of Canada’s Best Managed Companies for six consecutive years, from 2014 to 2019.
9. The company is committed to sustainability and has implemented numerous green initiatives in its properties, including energy-efficient lighting and water conservation programs.
10. InterRent REIT has a strong social responsibility program, partnering with local charities and organizations to support affordable housing and community development initiatives.
See Company Due Diligence:
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