InterRent Real Estate Investment Trust (TSE:IIP.UN) Announces Quarterly Earnings Results

InterRent Real Estate Investment Trust (TSE:IIP.UN) announced its quarterly earnings results on Monday. The real estate investment trust reported C($0.03) EPS for the quarter, FiscalAI reports. InterRent Real Estate Investment Trust had a negative return on equity of 0.06% and a negative net margin of 0.69%.The company had revenue of C$60.89 million for the quarter.

InterRent Real Estate Investment Trust Price Performance

Shares of TSE:IIP.UN opened at C$13.13 on Wednesday. The company has a 50-day simple moving average of C$13.30 and a 200-day simple moving average of C$13.31. InterRent Real Estate Investment Trust has a one year low of C$10.96 and a one year high of C$13.80. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.04 and a current ratio of 0.43. The stock has a market capitalization of C$1.84 billion, a price-to-earnings ratio of 99.29 and a beta of 0.46.

InterRent Real Estate Investment Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 15th will be issued a $0.0331 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 30th. InterRent Real Estate Investment Trust’s dividend payout ratio is presently 300.13%.

About InterRent Real Estate Investment Trust

InterRent¿REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution¿through the acquisition and ownership of multi-residential properties. InterRent’s strategy is to expand its portfolio primarily within¿markets that have exhibited stable market vacancies,¿sufficient suites available to attain the critical mass necessary to implement¿an efficient portfolio management structure, and¿offer opportunities for accretive acquisitions.