Raymond James Forecasts Stronger Earnings for InterRent REIT

InterRent REIT (TSE:IIPFree Report) – Investment analysts at Raymond James lifted their Q4 2024 earnings estimates for shares of InterRent REIT in a research report issued on Tuesday, February 4th. Raymond James analyst B. Sturges now forecasts that the company will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.15. Raymond James has a “Moderate Buy” rating on the stock.

InterRent REIT (TSE:IIPGet Free Report) last issued its earnings results on Monday, November 4th. The company reported C($0.50) earnings per share for the quarter, missing the consensus estimate of C$0.16 by C($0.66). During the same quarter last year, the business posted $0.15 EPS.

Separately, TD Securities upgraded shares of InterRent REIT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 6th.

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InterRent REIT Stock Performance

InterRent REIT has a 12 month low of C$7.31 and a 12 month high of C$10.19.

About InterRent REIT

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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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