IIP.UN dividend yield calculator – InterRent REIT Announces 0.03 Cash Dividend

Dividends Yield

On March 17 2023, InterRent REIT announced a 0.03 cash dividend to its stockholders. The cumulative value of dividends paid by the company over the past three years is CAD 0.34 per share, resulting in an average dividend yield of 2.56% between 2022 and 2023. This makes INTERRENT REAL ESTATE INVESTMENT TRUST ($TSX:IIP.UN) an attractive investment for those looking for a dividend stock. The ex-dividend date for the dividend is March 30th, 2023, so investors must purchase the stock before that date in order to be eligible for the dividend. It has an extensive portfolio of residential and commercial properties across Canada, and it continues to expand its portfolio through strategic acquisitions.

The company is committed to providing its shareholders with substantial returns, and its recent announcement of a third consecutive year of dividend payments is a testament to that commitment. If you are looking to add some dividend income to your portfolio, then you may want to consider investing in INTERRENT REAL ESTATE INVESTMENT TRUST. With a steady history of paying dividends, it could be an excellent choice for those seeking an income-producing stock. Investing in the stock before the ex-dividend date of March 30th, 2023 will ensure that you are eligible for the dividend payment.

Stock Price

The announcement came as the REIT’s stock opened at CA$13.4 and closed at CA$13.1, a decrease of 2.8% from the prior closing price of CA$13.4. InterRent REIT is an unincorporated open-ended real estate investment trust focused on increasing unitholder value through the accretive acquisition, ownership and management of Canadian multi-residential real estate properties. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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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 – IIP.UN Stock Intrinsic Value

At GoodWhale, we analyze INTERRENT REAL ESTATE INVESTMENT TRUST’s financials in order to determine the intrinsic value of its shares. Our proprietary Valuation Line reveals that the intrinsic value of INTERRENT REAL ESTATE INVESTMENT TRUST’s share is around CA$14.0. Currently, INTERRENT REAL ESTATE INVESTMENT TRUST’s stock is traded at CA$13.1, making it a fair price which is undervalued by 6.2%. 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 providing investors with consistent dividend payments over the last three years, with an average dividend yield of 2.56%. This makes it an attractive investment for those seeking a steady income stream. The company’s experienced management team, high dividend payout ratio, and strong balance sheet make it a safe choice for investors looking for long-term capital appreciation.

Additionally, the company’s diversified asset portfolio and reliable rental income provide a stable base for investors. With INTERRENT REAL ESTATE INVESTMENT TRUST, investors can benefit from both short-term and long-term returns.