Review of InterRent Real Estate Investment Trust

DEC 10, 2024 - IIP.UN is a growth-oriented REIT with the goal of increasing unitholder value and creating a growing sustainable distribution through the acquisition and ownership of multi-residential properties. Operationally, the Trust’s most recent quarterly results were decent highlighted by increasing FFO, NOI, and Occupancy. However, IIP.UN did miss on cash flow estimates for the quarter and the unit price declined further, now down almost 16% year-to-date. REITs continue to face a challenging operating environment and recent measures by the Canadian government to slow immigration will not help