Company
InterRent Real Estate Investment Trust
Headquarters: Ottawa, ON, Canada
Founded: 2006
Employees: 435
CEO: Mr. Michael Darryl McGahan
Market Cap
C$1.90 Billion
CAD as of Jan. 1, 2024
US$1.43 Billion
InterRent Real Estate Investment Trust Categories
Canada Real Estate REIT—ResidentialCanada Real Estate Canada REIT—Residential
Top Competitors by Market Capitalization
Industry: REIT—Residential
| Company | Market Cap (USD) |
|---|---|
| AvalonBay Communities, Inc. | $26.07 B |
| Equity Residential | $23.07 B |
| Invitation Homes Inc. | $20.90 B |
| American Campus Communities, Inc. | $18.13 B |
| Sun Communities, Inc. | $17.11 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Prologis, Inc. | $120.60 B |
| American Tower | $100.44 B |
| Equinix, Inc. (REIT) | $74.75 B |
| MAS Real Estate, Inc. | $65.45 B |
| Public Storage | $53.43 B |
Detailed Description
InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions. InterRent's primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.
Top 1-year algo backtest: +284.14%
$10,000 in April 2023 would now be $38,414 by following this algorithm daily at market close.
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Stocks & Indices
InterRent Real Estate Investment Trust has the following listings and related stock indices.
Stock: TSX: IIP.UN wb_incandescent
Key People
Mike Mc Gahan (Chief executive officer) Brad Cutsey (President)