InterRent REIT (IIP.UN-T) Stock Predictions - Stockchase
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InterRent REIT (IIP.UN-T)

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InterRent REIT

IIP.UN-T

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InterRent REIT (IIP.UN-T) SAVE Feb, 23, 2019, 9:08 am

13.74 0.06 (0.44%)

What the experts are saying about IIP.UN-T



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BUY
InterRent REIT(IIP.UN-T) 

January 17, 2019

Apartments in Southern Ontario and Montreal. They had a good 2018. The fundamentals for apartments are quite good. There is a lot of immigration into Southern Ontario. 67% payout ratio. Expect dividend increases in coming years. They will not do as well in 2019 as 2018.
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Apartments in Southern Ontario and Montreal. They had a good 2018. The fundamentals for apartments are quite good. There is a lot of immigration into Southern Ontario. 67% payout ratio. Expect dividend increases in coming years. They will not do as well in 2019 as 2018.
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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$13.490
Owned Owned
Yes

TOP PICK
InterRent REIT(IIP.UN-T) 

October 1, 2018

Apartment in Toronto, Ottawa and Montreal. It's not exposed to tariffs. Management has done a good job and their chart looks good. They internalized management which will boost earnings. They continue to pick up rental units outside the urban core in the GTA. It helps that few rentals are being built. Stock price has risen a lot, but this is a good long-term play. (2.3dividendAnalysts' price target$12.10)

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Apartment in Toronto, Ottawa and Montreal. It's not exposed to tariffs. Management has done a good job and their chart looks good. They internalized management which will boost earnings. They continue to pick up rental units outside the urban core in the GTA. It helps that few rentals are being built. Stock price has risen a lot, but this is a good long-term play. (2.3dividendAnalysts' price target$12.10)

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Gavin Graham

Trustee, Pointbreak ETFs...

Price Price
$11.680
Owned Owned
Yes

WAIT
InterRent REIT(IIP.UN-T) 

February 3, 2017

He likes management. Their ability to increase distributions will be there as their more aggressive development plan starts kicking in. They have a number of large-scale developments, which have taken a bit longer, but the dividend will increase over time. More importantly is the amount of growth you can get in earnings when you are able to buy something broken and fix it. You are paying for broken, but you are getting fixed in the end. Returns are very strong. Thinks this will be issuing equity sometime in 2017, so you may want to wait for the equity deal. Dividend yield of 3.1%.

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He likes management. Their ability to increase distributions will be there as their more aggressive development plan starts kicking in. They have a number of large-scale developments, which have taken a bit longer, but the dividend will increase over time. More importantly is the amount of growth you can get in earnings when you are able to buy something broken and fix it. You are paying for broken, but you are getting fixed in the end. Returns are very strong. Thinks this will be issuing equity sometime in 2017, so you may want to wait for the equity deal. Dividend yield of 3.1%.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$7.700
Owned Owned
Yes

COMMENT
InterRent REIT(IIP.UN-T) 

January 31, 2017

Immigration significantly contributed to population growth in Canada. In the last year, it has probably accounted for about three quarters of it. There is a benefit to owning apartment REITs if you think the cost of housing is relatively high, and you have an influx of immigrants. This REIT has a fantastic management team that tends to be more focused on “value add”. They will buy a property that is not necessarily maximizing its income possibility. They will gussy it up, increase rents, which will drive a significant increase in the share price and the value proposition. He likes this very much.

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Immigration significantly contributed to population growth in Canada. In the last year, it has probably accounted for about three quarters of it. There is a benefit to owning apartment REITs if you think the cost of housing is relatively high, and you have an influx of immigrants. This REIT has a fantastic management team that tends to be more focused on “value add”. They will buy a property that is not necessarily maximizing its income possibility. They will gussy it up, increase rents, which will drive a significant increase in the share price and the value proposition. He likes this very much.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$7.430
Owned Owned
Yes

HOLD
InterRent REIT(IIP.UN-T) 

December 22, 2016

This is a well-run company, but isn’t particularly cheap among the smaller cap REITs.

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This is a well-run company, but isn’t particularly cheap among the smaller cap REITs.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$7.380
Owned Owned
No

PAST TOP PICK
InterRent REIT(IIP.UN-T) 

March 30, 2016

(A Top Pick March 19/15. Up 19.04%.) An apartment REIT based in Eastern Canada. Most properties are in Ontario where rents are regulated, but they tend to focus more on “value add”, where they buy a property that is not really achieving its full potential, put a little bit of money into it, and try to ramp up the occupancy, which has certainly worked out well for them.

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(A Top Pick March 19/15. Up 19.04%.) An apartment REIT based in Eastern Canada. Most properties are in Ontario where rents are regulated, but they tend to focus more on “value add”, where they buy a property that is not really achieving its full potential, put a little bit of money into it, and try to ramp up the occupancy, which has certainly worked out well for them.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$7.240
Owned Owned
Yes

PAST TOP PICK
InterRent REIT(IIP.UN-T) 

February 9, 2016

(A Top Pick March 19/15. Up 8.46%.) Has exposure to Eastern Canada, so low income Housing. No exposure to Western Canada, strong balance sheet and good management has really helped. Dividend yield of 3.5%.

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(A Top Pick March 19/15. Up 8.46%.) Has exposure to Eastern Canada, so low income Housing. No exposure to Western Canada, strong balance sheet and good management has really helped. Dividend yield of 3.5%.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$6.590
Owned Owned
Yes

COMMENT
InterRent REIT(IIP.UN-T) 

February 3, 2016

He is a big fan of this company. They have a very entrepreneurial style. Dividend payout is very low and very sustainable. Sees more than average growth potential, so continues to like it. Good management.

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He is a big fan of this company. They have a very entrepreneurial style. Dividend payout is very low and very sustainable. Sees more than average growth potential, so continues to like it. Good management.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$6.750
Owned Owned
Yes

PAST TOP PICK
InterRent REIT(IIP.UN-T) 

November 12, 2015

(Top Pick Nov 13/14, Up 12.48%) Just raised their yield 5%.  He believes in their markets, such as Hamilton. 

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(Top Pick Nov 13/14, Up 12.48%) Just raised their yield 5%.  He believes in their markets, such as Hamilton. 

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$6.530
Owned Owned
Yes

TOP PICK
InterRent REIT(IIP.UN-T) 

July 27, 2015

He likes that it is exposure to Ontario, which is a hot market.  You are seeing visibility of low cap rates and developments that will come online.  This will continue to provide income.  The returns will be a little more stabilized than the last few years.

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He likes that it is exposure to Ontario, which is a hot market.  You are seeing visibility of low cap rates and developments that will come online.  This will continue to provide income.  The returns will be a little more stabilized than the last few years.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$6.200
Owned Owned
Yes

COMMENT

Likes this company. Their most recent quarter showed a slight little bit of weakness, and this is mostly because of weather. There might be a bit of an opportunity this year, because this REIT has is some very interesting developments that they have been doing, and another pipeline coming up over the next couple of years of opportunities to significantly grow cash flow, as they have been able to acquire apartments in the Ottawa area.

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Likes this company. Their most recent quarter showed a slight little bit of weakness, and this is mostly because of weather. There might be a bit of an opportunity this year, because this REIT has is some very interesting developments that they have been doing, and another pipeline coming up over the next couple of years of opportunities to significantly grow cash flow, as they have been able to acquire apartments in the Ottawa area.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$6.430
Owned Owned
Yes

COMMENT
InterRent REIT(IIP.UN-T) 

April 22, 2015

You’re not getting the yield on this that you would normally get, but in this case he thinks that is a good thing. The company is retaining more of the cash and redeploying it into the markets that they know so well. Focused in the Ottawa area. They are real creators of value, so he thinks it is a great long-term hold.

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You’re not getting the yield on this that you would normally get, but in this case he thinks that is a good thing. The company is retaining more of the cash and redeploying it into the markets that they know so well. Focused in the Ottawa area. They are real creators of value, so he thinks it is a great long-term hold.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$6.580
Owned Owned
Unknown

TOP PICK
InterRent REIT(IIP.UN-T) 

March 19, 2015

Likes the apartment sector in Canada.  Shorter leases and about 40% turnover so with inflation you can capture higher rates.  Rock solid balance sheet and they just made a major accretive acquisition – a redevelopment play.  You are buying at a discount and you will get dividend growth.  They make improvements and get above guideline rent increases.

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Likes the apartment sector in Canada.  Shorter leases and about 40% turnover so with inflation you can capture higher rates.  Rock solid balance sheet and they just made a major accretive acquisition – a redevelopment play.  You are buying at a discount and you will get dividend growth.  They make improvements and get above guideline rent increases.

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Andy Nasr

VP & Inves, Sentry Investments...

Price Price
$6.270
Owned Owned
Yes

TOP PICK
InterRent REIT(IIP.UN-T) 

March 18, 2015

Apartment REIT. Has a management team that is well aligned with a history of creating value for shareholders. Trading well below its NAV. They recently raised equity at around $6.40, and he thinks that capital is going to be invested into acquisitions, development and re-development. The stock got hit because of a large repositioning effort on a property in Ottawa that needs to flow through in terms of driving free cash flow. Payout ratio is around 70%. Yield of 3.68%.

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Apartment REIT. Has a management team that is well aligned with a history of creating value for shareholders. Trading well below its NAV. They recently raised equity at around $6.40, and he thinks that capital is going to be invested into acquisitions, development and re-development. The stock got hit because of a large repositioning effort on a property in Ottawa that needs to flow through in terms of driving free cash flow. Payout ratio is around 70%. Yield of 3.68%.

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Michael Missagh

VP & Sr. P, Sentry Investments...

Price Price
$6.100
Owned Owned
Yes

TOP PICK
InterRent REIT(IIP.UN-T) 

November 13, 2014

A small apartment REIT focused in the Ottawa district. Thinks this is cheap because it doesn't scan so well, but they actually have 7% of their portfolio in one very large redevelopment position, where they have emptied the entire building. As they finish this renovation going on to Q1 and Q2 in 2015, and they start to lease up the building in 2015 and into 2016, there is a tremendous amount of cash flow that is going to come online. In the past had double-digit FFO growth. After a one-year pause, they will be able to continue that in the future. Yield of 3.4%.

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A small apartment REIT focused in the Ottawa district. Thinks this is cheap because it doesn't scan so well, but they actually have 7% of their portfolio in one very large redevelopment position, where they have emptied the entire building. As they finish this renovation going on to Q1 and Q2 in 2015, and they start to lease up the building in 2015 and into 2016, there is a tremendous amount of cash flow that is going to come online. In the past had double-digit FFO growth. After a one-year pause, they will be able to continue that in the future. Yield of 3.4%.

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Derek Warren

Asst Vice , Lincluden Investment...

Price Price
$5.890
Owned Owned
Yes

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