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Home CompaniesInterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust

Real Estate REIT - Residential
PortfolioPortfolio WatchlistWatchlist
Company price
None CAD 0.00(0%)
Last update at 2026-11-05T21:03:55.286717Z
Market Cap
1927.05M

Momentum Score

…

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) grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) maintain a conservative payout ratio and balance sheet.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

52 Week Price Range
11.37
Low
14.74
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

InterRent Real Estate Investment Trust owns and operates multi‑residential rental properties across Canada, with a concentration in Ontario and Quebec and additional assets in other provinces. Long‑term growth drivers include sustained rental demand, constrained ownership housing supply, value‑add renovations and development, and portfolio scale that may support recurring cash flow and distribution stability.
Key investment risks include sensitivity to interest rates and financing costs, provincial rent‑control and regulatory changes, geographic concentration, execution risk on redevelopment and acquisitions, and exposure to vacancy and broader economic cycles that investors should monitor.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
-
Dividend Yield
2.94%
Revenue TTM
236.06M
Revenue Per Share
1.64
Gross Profit TTM
139.26M
Debt / Equity
0.66
ROE
-1.39%
Net Debt
1652.09M
ROCE
3.26%
Diluted EPS TTM
-0.26

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 103.96M 369.69M 150.65M 384.89M 168.30M
Net income 103.96M 667.66M 239.49M 714.07M 336.54M
Selling general administrative 33.64M 28.00M 23.46M 22.71M 20.81M
Gross profit 157.39M 132.44M 114.00M 106.87M 92.26M
Reconciled depreciation 1.26M 0.91M 0.64M 0.53M 0.46M
Ebit 139.22M 117.66M 102.14M 96.19M 26.89M
Ebitda 124.10M 105.53M 90.83M 84.49M 27.35M
Depreciation and amortization -15.12M -12.12M -11.30M -11.71M 0.46M
Operating income 139.22M 117.66M 102.14M 96.19M 26.89M
Other operating expenses 92.66M 80.71M 69.42M 61.14M 55.84M
Interest expense 47.09M 32.92M 28.39M 28.25M 26.83M
Interest income 0.48M 0.39M 0.64M 0.49M 0.61M
Net interest income -49.24M -33.38M -28.78M -28.48M -27.40M
Income tax expense -28.20M -297.98M -88.85M -329.18M -168.24M
Total revenue 216.40M 185.15M 159.96M 145.30M 127.29M
Total operating expenses 33.64M 28.00M 23.46M 22.71M 20.81M
Cost of revenue 59.01M 52.71M 45.95M 38.43M 35.03M
Total other income expense net -35.26M 252.03M 48.51M 288.69M 141.41M
Net income from continuing ops 103.96M 369.69M 150.65M 384.89M 168.30M
Net income applicable to common shares 103.96M 369.69M 150.65M 384.89M 168.30M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 4315.59M 4118.70M 3214.05M 2791.86M 2117.99M
Other current assets 2.64M 2.85M 1.40M 0.47M 0.38M
Total liab 1818.22M 1698.70M 1145.28M 1069.92M 955.20M
Total stockholder equity 2497.38M 2420.00M 2068.77M 1721.94M 1162.79M
Deferred long term liab 0.39M 0.32M 0.20M 0.24M 0.24M
Other current liab 39.35M 34.91M 23.68M 23.19M 21.35M
Common stock 1052.86M 1030.78M 1003.53M 766.28M 558.62M
Capital stock 1052.86M 1030.78M 1003.53M 766.28M 558.62M
Retained earnings 1444.52M 1389.22M 1065.24M 955.65M 604.17M
Other liab 18.23M 16.65M 13.34M 11.72M 10.61M
Other assets 8.89M 10.92M 11.22M 11.66M 67.95M
Cash 4.27M 2.06M 51.64M 0.75M 0.52M
Total current liabilities 45.85M 38.89M 27.45M 30.41M 28.57M
Net debt 1652.09M 1511.56M 947.95M 907.62M 822.60M
Short long term debt 1654.45M 1512.07M 999.60M 908.37M -
Short long term debt total 1656.35M 1513.62M 999.60M 908.37M 823.12M
Property plant equipment 4258.16M 4066.47M 3108.66M 2750.02M 2023.53M
Total current assets 16.00M 10.66M 66.16M 4.98M 9.18M
Long term investments 32.54M 30.65M 28.01M 25.20M 17.34M
Net tangible assets 2497.38M 2420.00M 2068.77M 1721.94M 1162.79M
Net receivables 9.10M 5.74M 3.12M 2.00M 2.32M
Long term debt 1654.45M 1512.07M 999.60M 908.37M 823.12M
Inventory - - 9.99M 1.76M -
Accounts payable 6.50M 3.98M 3.77M 7.22M 7.22M
Non currrent assets other 4261.93M 4073.51M 3117.46M 2760.00M 2089.82M
Non current assets total 4299.59M 4108.04M 3147.89M 2786.88M 2108.82M
Capital lease obligations 1.90M 1.55M - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -197.55M -2.60M -2.77M -1.90M -6.20M
Change to liabilities 4.25M 6.32M 0.18M 1.94M -0.07M
Total cashflows from investing activities -197.55M -605.72M -290.71M -252.01M -247.86M
Net borrowings 162.29M 493.01M 92.33M 9.57M 30.94M
Total cash from financing activities 108.57M 460.12M 279.65M 179.65M 207.87M
Change to operating activities 1.79M 11.86M -7.55M 5.22M -2.71M
Net income 103.96M 369.69M 150.65M 384.89M 168.30M
Change in cash 2.20M -49.58M 50.89M 0.23M 0.14M
Begin period cash flow 2.06M 51.64M 0.75M 0.52M 0.39M
End period cash flow 4.27M 2.06M 51.64M 0.75M 0.52M
Total cash from operating activities 91.18M 96.02M 61.94M 72.59M 40.13M
Issuance of capital stock 0.41M 2.88M 220.92M 193.62M 205.45M
Depreciation 1.26M 0.91M 0.64M 0.53M 0.46M
Dividends paid 30.20M 28.36M 25.92M 20.95M 20.39M
Change to account receivables -7.38M -7.24M -3.03M 0.27M -1.57M
Sale purchase of stock - - 304.07M 32.56M -0.01M
Other cashflows from financing activities 490.66M 526.13M 297.46M 30.96M 211.15M
Change to netincome -15.95M -286.93M -80.58M -321.41M -125.66M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital -1.34M 10.94M -10.40M 7.43M -4.34M
Stock based compensation 7.57M 6.23M 6.93M 6.62M 5.80M
Other non cash items -20.27M -291.75M -85.88M -326.88M -130.09M
Free cash flow 91.18M 96.02M 61.94M 72.59M 40.13M

Peer Comparison*

Sector: Real Estate Industry: REIT - Residential

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CAR-UN
Canadian Apartment Properties Real Estate Investment Trust		 0.46
1.44%		 32.45 - 17.83 7.60 0.85 14.21 -114.18
BEI-UN
Boardwalk Real Estate Investment Trust		 0.39
0.62%		 63.17 6.35 18.28 7.15 0.95 13.19 11.47
KMP-UN
Killam Apartment Real Estate Investment Trust		 0.26
1.47%		 17.92 8.59 15.24 6.32 0.88 12.62 12.24
MRG-UN
Morguard North American Residential Real Estate Investment Trust		 -0.01
0.07%		 14.96 - 25.32 2.55 0.30 6.58 55.94

Profile*

InterRent Real Estate Investment Trust

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) grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) maintain a conservative payout ratio and balance sheet.

485 Bank Street, Ottawa, ON, Canada, K2P 1Z2

(613) 569-5699

https://www.interrentreit.com

Name Title Year Born
Mr. Michael Darryl McGahan Exec. Chairman 1963
Mr. Bradley Cutsey C.F.A. Pres, CEO & Director 1973
Mr. Curt Millar C.A., CPA, CA, CPA Chief Financial Officer NA
Mr. Dave Nevins C.P.M. Chief Operating Officer NA
Mr. Asad Hanif VP of Acquisitions NA
Mr. Will Chan Chief Information Officer NA
Ms. Sandy Rose C.F.A. Director of Investor Relations & Sustainability NA
Mr. Chris Willoughby VP of Marketing NA
Ms. Catherine Hebert Chief Talent Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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