InterRent Real Estate Investment Trust
IIP-UN.TO
Toronto Stock Exchange12.85
CAD
-0.05
- -
ISIN
CA46071W2058
CUSIP
46071W205
Return %
Stock
S&P500
1Y
-5.58
26.53
3Y
-3.38
76.60
5Y
-18.05
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Dave Nevins
- Full Time Employees
- 482
- Sector
- Real Estate
- Industry
- REIT - Residential
- Address
- 485 Bank Street Ottawa ON Canada K2P 1Z2
- IPO Date
- Oct 5, 2001
- Website
- interrentreit.com
- Similar Companies
- Business
- InterRent Real Estate Investment Trust (TSX: IIP-UN) operates as a growth-oriented, open-ended real estate investment trust focused on the acquisition, ownership, management, repositioning, and intensification of income-producing multi-residential properties; its core offerings include rental suites, parking, laundry, and ancillary services such as resident portals for maintenance requests, payments, and community events. The REIT owns a portfolio of 123 communities comprising 13,435 suites (proportionate ownership), with 90% repositioned through upgrades to building systems, modernized amenities, in-suite renovations, HVAC improvements, and energy efficiency measures to enhance resident experience and financial performance; properties feature high Walk Scores averaging 81, concentrated in premium urban locations near transit hubs, universities, tech centers, and hospitals. InterRent targets stable, high-demand multi-family residential markets serving over 13,000 Canadian households, primarily renters seeking quality housing in growth areas; operations span four core regions including the Greater Toronto and Hamilton Area (GTHA), National Capital Region (Ottawa), Greater Montreal Area, and Greater Vancouver Area. Founded in 2006 and headquartered at 485 Bank Street, Suite 207, Ottawa, Ontario, Canada, the company emphasizes conservative financial management, monthly unitholder distributions, sustainability initiatives like Scope 1 and 2 GHG reductions and full multi-family suite certifications under CRBP or BOMA BEST, and a culture-driven platform leveraging technology for operational efficiency. Recent developments include entering a definitive arrangement agreement in May 2025 to be acquired by CLV Group in partnership with GIC in an approximately $4 billion all-cash transaction valuing units at $13.55 each (35% premium to unaffected price), securing Investment Canada Act approval in September 2025 and a final court order in August 2025 pending shareholder and regulatory approvals; the REIT advanced capital recycling by disposing of four communities for $93.3 million in net proceeds in 2024, reported 9.4% same-property NOI growth and 12.6% FFO per unit increase for the year ended December 31, 2024 with occupancy at 95.8% in August 2025, intensified properties adding 48 suites over two years with potential for 1,000 more, and released its 2024 Sustainability Report highlighting a Double Materiality Assessment, GRESB score improvement, and $1.8 million raised via the Mike McCann Charity Golf Tournament.