InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Announces Earnings Results

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) announced its quarterly earnings data on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $44.75 million during the quarter. InterRent Real Estate Investment Trust had a negative net margin of 42.31% and a negative return on equity of 4.53%.

InterRent Real Estate Investment Trust Price Performance

OTCMKTS:IIPZF remained flat at $9.80 on Wednesday. 77 shares of the company’s stock traded hands, compared to its average volume of 278. The stock has a fifty day moving average price of $9.70 and a two-hundred day moving average price of $9.62. InterRent Real Estate Investment Trust has a 12 month low of $6.64 and a 12 month high of $10.23. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market capitalization of $1.37 billion, a PE ratio of -19.22 and a beta of 0.93.

Analyst Ratings Changes

Separately, TD Securities lowered shares of InterRent Real Estate Investment Trust from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, InterRent Real Estate Investment Trust has a consensus rating of “Sell”.

InterRent Real Estate Investment Trust Company Profile

InterRent Real Estate Investment Trust is a Canadian unincorporated, open-ended real estate investment trust specializing in the acquisition, ownership and management of multi-family residential properties. Its portfolio consists predominantly of mid-rise apartment buildings and townhouse complexes, and the trust emphasizes value-added opportunities by implementing targeted capital upgrades and operational enhancements. InterRent’s in-house property management services cover leasing, maintenance and tenant relations, driving occupancy and rental income growth across its assets.

Headquartered in Ottawa, InterRent REIT maintains a diversified portfolio across key urban and suburban markets in Ontario and Quebec, including Ottawa–Gatineau, Kingston, London and the Outaouais region.