InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Free Report)’s share price shot up 0.3% during mid-day trading on Wednesday . The stock traded as high as $9.17 and last traded at $9.17. 2 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 320,852 shares. The stock had previously closed at $9.1468.
InterRent Real Estate Investment Trust Stock Performance
The firm’s 50 day moving average price is $9.44 and its 200-day moving average price is $9.60. The stock has a market cap of $1.33 billion, a P/E ratio of 317.00 and a beta of 0.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.32 and a quick ratio of 0.32.
InterRent Real Estate Investment Trust (OTCMKTS:IIPZF – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $44.39 million during the quarter. InterRent Real Estate Investment Trust had a net margin of 1.81% and a return on equity of 0.20%.
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.
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