InterRent REIT (IIP) to Post FY2020 Earnings of $0.55 Per Share, Desjardins Forecasts

InterRent REIT (TSE:IIP) – Equities researchers at Desjardins issued their FY2020 earnings per share estimates for shares of InterRent REIT in a research report issued to clients and investors on Tuesday, October 30th. Desjardins analyst M. Markidis anticipates that the company will post earnings of $0.55 per share for the year. Desjardins has a “Buy” rating on the stock.

Shares of IIP stock opened at C$9.90 on Thursday. InterRent REIT has a one year low of C$7.31 and a one year high of C$10.19.

InterRent REIT (TSE:IIP) last announced its quarterly earnings results on Tuesday, August 14th. The company reported C$0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.11 by C$0.46. The business had revenue of C$30.91 million for the quarter. InterRent REIT had a return on equity of 21.63% and a net margin of 142.53%.

The business also recently declared a monthly dividend, which was paid on Monday, October 15th. Investors of record on Sunday, September 30th were paid a $0.023 dividend. This represents a $0.28 annualized dividend and a yield of 2.79%. The ex-dividend date was Thursday, September 27th.

About InterRent REIT

InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).

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Earnings History and Estimates for InterRent REIT (TSE:IIP)

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