InterRent Real Estate Investment Trust (TSE:IIP.UN) Declares Monthly Dividend of $0.03

InterRent Real Estate Investment Trust (TSE:IIP.UN) declared a monthly dividend on Friday, September 27th, TickerTech reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.0315 per share by the real estate investment trust on Tuesday, October 15th. This represents a $0.38 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, September 27th.

InterRent Real Estate Investment Trust Stock Performance

Shares of InterRent Real Estate Investment Trust stock opened at C$12.82 on Thursday. The business has a fifty day simple moving average of C$12.69 and a 200-day simple moving average of C$12.52. InterRent Real Estate Investment Trust has a fifty-two week low of C$11.43 and a fifty-two week high of C$14.50. The firm has a market cap of C$1.90 billion, a price-to-earnings ratio of -641.00 and a beta of 1.14. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59.

InterRent Real Estate Investment Trust Company Profile

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.