TSE:IIP.UN

InterRent REIT (IIP.UN.TO)

12.72
+0.04 (0.32%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
139 watching
0
BUY
Apartment buildings, generally in the Toronto area but also across south western Ontario. Recently added to his portfolio. CEO has done a tremendous job with the new team on releasing and repositioning and creating a tremendous amount of value. Offers of return of about 14%.
PAST TOP PICK
(Top Pick Aug 23’11,Up 80.05 %) Still holds it and sees $5.50. Plenty of room to increase the distribution.
TOP PICK
Going to be one of the beneficiaries for Trans Globe assuming it gets taken out. Small discount to asset value. Terrific job of leasing out assets.
BUY
Apartment REITs in Ontario. Trades at about a 10% discount to NAV with a 73% payout ratio. Likes the direction they are heading.
PAST TOP PICK
(Top Pick Nov 11/11, up 29.66% Total Return)
BUY
(Market Call Minute.) Well-managed.
HOLD
Was a cloudy picture when management bought them out. They have upgraded their portfolio. Have quite a bit in Ottawa. Gaining significantly incredibility. There is a suggestion that they will need to come out with a new issue at some point, which will increase their liquidity.
TOP PICK
(A Top Pick Aug 23/10. Up 15.08%.) Apartment REITs. Turnaround story with a new CEO coming in late 2009 that is focused on spending money and gussing up portfolios and trying to realize an increase in occupancy. Rates have increased by about 10% since then. They're now at the stage where they can focus on growing and making acquisitions. NAV is about $3.25. Attractive yield of 4.4% with a payout ratio below 85%.
COMMENT
Apartments. Very small market cap but a very credible group. Wouldn't count on them increasing distributions as they are in the growing phase and getting up to a substantial size. Caveat emptor.
PARTIAL SELL
Very strong management. Challenge with this is that it is quite small and illiquid. They are value added guys, which he likes. Owns some apartments outside of the REIT, which he has encouraged them to move into the REIT. Has had a great move her and if you own, consider taking some profits.
TOP PICK
Apartment REIT, mostly on Ontario. Off the institutional radar screen. Occupancy increase of 10% over last couple of years. Will make acquisitions to grow. Nice yield.
DON'T BUY
Prefers others instead.
DON'T BUY
Have gone through a lot of drama. New CEO is going to focus on turning the assets over and releasing them to tenants who pay their rent on time. Also looking to upgrade quality of the property. This will be a tough slog for him.
COMMENT
Did a merger. Weren’t covering distributions before the merger. With the merger and some of the things they have taken over, they should be cash flow positive. Thinks they're credible and what they're trying to do is right.
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