InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Free Report) saw strong trading volume on Monday . 300 shares changed hands during mid-day trading, an increase of 0% from the previous session’s volume of 300 shares.The stock last traded at $9.7050 and had previously closed at $9.8032.
Wall Street Analysts Forecast Growth
Separately, TD Securities downgraded InterRent Real Estate Investment Trust from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.
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InterRent Real Estate Investment Trust Stock Performance
InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.11 earnings per share for the quarter. InterRent Real Estate Investment Trust had a net margin of 1.81% and a return on equity of 0.20%. The business had revenue of $44.39 million during 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.
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