InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Shares Up 0.3% – Here’s Why

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF)’s stock price was up 0.3% during mid-day trading on Wednesday . The stock traded as high as $9.17 and last traded at $9.17. 2 shares traded hands during trading, a decline of 100% from the average session volume of 320,852 shares. The stock had previously closed at $9.1468.

InterRent Real Estate Investment Trust Price Performance

The stock has a fifty day moving average price of $9.44 and a 200-day moving average price of $9.60. The company has a market cap of $1.28 billion, a PE ratio of 305.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.32 and a quick ratio of 0.32.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.11 earnings per share for the quarter. InterRent Real Estate Investment Trust had a return on equity of 0.20% and a net margin of 1.81%.The business had revenue of $44.39 million for the quarter.

About InterRent Real Estate Investment Trust

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.