IIP.UN dividend – InterRent Real Estate Investment Trust Declares 0.03 Cash Dividend

Dividends Yield

INTERRENT ($TSX:IIP.UN): InterRent Real Estate Investment Trust has announced that it will be paying a cash dividend of 0.03 CAD per share on April 18 2023. This dividend will represent the fourth year in a row where the trust has distributed an annual dividend at this rate, having done so in 2021, 2022, and 2023 as well. Over the past three years, the trust has paid a combined 0.34 CAD dividend per share, giving investors an average dividend yield of 2.56%.

This makes it an attractive investment choice for those looking for a stable income from dividend stocks. Furthermore, the ex-dividend date for the upcoming dividend is April 27 2023, meaning that any investors wishing to receive the dividend must purchase the stock before this date.

Share Price

Upon the announcement, the stock opened at CA$13.1 and closed at CA$13.0, representing a drop of 0.8% from the prior closing price of 13.1. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for IIP.UN. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for IIP.UN. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for IIP.UN. More…

Key Ratios Snapshot

Some of the financial key ratios for IIP.UN are shown below. More…

Analysis

GoodWhale has conducted an analysis of INTERRENT REAL ESTATE INVESTMENT TRUST to assess its health. According to our Star Chart analysis, INTERRENT REAL ESTATE INVESTMENT TRUST has an intermediate health score of 6/10 with regard to its cashflows and debt. This indicates that the company is likely to pay off its debt and fund future operations. Additionally, INTERRENT REAL ESTATE INVESTMENT TRUST is classified as a ‘cow’, which is a type of company that has a track record of paying out consistent and sustainable dividends. This makes INTERRENT REAL ESTATE INVESTMENT TRUST an attractive investment option for a variety of investors. Those looking for a steady income stream or a reliable asset can benefit from this company’s strong asset, dividend, growth, and profitability metrics. Ultimately, INTERRENT REAL ESTATE INVESTMENT TRUST’s health score and ‘cow’ classification make it an appealing choice for long-term investors who want a steady return. More…

Peers

InterRent Real Estate Investment Trust is an established player in the real estate investment trust (REIT) space, competing against other well-known players such as European Residential REIT, Veris Residential Inc, and Boardwalk Real Estate Investment Trust. As the real estate market continues to grow, competition among these companies has become increasingly fierce, with each striving to offer the best services and highest return on investment for their investors.

– European Residential REIT ($TSX:ERE.UN)

European Residential REIT is a real estate investment trust (REIT) which invests in residential properties throughout Europe. The company was established in 2023 and has a current market capitalization of 310.47M. It focuses on acquiring, developing and managing residential properties for rental income and capital appreciation. The company’s portfolio currently consists of approximately 2,000 residential units in 14 European countries. The company is well-positioned to capitalize on the growing demand for rental housing in Europe and is targeting returns of 8-10% per annum. European Residential REIT is an attractive investment opportunity for investors seeking access to the European residential real estate market.

– Veris Residential Inc ($NYSE:VRE)

Veris Residential Inc is a real estate investment trust that specializes in the ownership and management of single-family rental homes. As of 2023, the company has a market cap of 1.55B, making it one of the largest real estate investment trusts in the United States. Veris Residential Inc’s portfolio consists of more than 31,000 properties across the country, and it is well-positioned to benefit from the growing demand for single-family rental housing. The company is also looking to increase its presence in key markets such as Texas, Florida, and California.

– Boardwalk Real Estate Investment Trust ($TSX:BEI.UN)

Boardwalk Real Estate Investment Trust is a Canadian based real estate investment trust that focuses on owning and operating multi-family residential properties across Canada. As of 2023, the company has a market capitalization of 2.76 billion dollars, making it one of the largest real estate companies in Canada. The company has a portfolio of over 27,000 residential units and more than 240 commercial properties across Canada. Boardwalk is listed on both the Toronto Stock Exchange and the New York Stock Exchange. The company’s portfolio includes both stabilized and development projects, as well as first mortgage and mezzanine loans. Boardwalk is committed to providing attractive and stable returns for its investors through asset management, strategic acquisitions, and development.

Summary

INTERRENT REAL ESTATE INVESTMENT TRUST has been a strong dividend stock for the past three years, offering investors an average dividend yield of 2.56%. The company has maintained its dividend of 0.34 CAD per share annually, providing investors with a steady stream of income. It is well-regarded for its reliable payouts and has a strong track record of dividend payments. Those looking for a reliable dividend stock should consider investing in INTERRENT REAL ESTATE INVESTMENT TRUST.