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Based on the reviews from different experts, it seems that the company InterRent REIT (IIP.UN-T) is currently facing challenges due to its sensitivity to interest rates. One expert scaled out of real estate holdings due to the expectation of rising interest rates, while still expressing a positive view of the company. However, they are waiting for interest rates to decrease before considering re-entry. This indicates a cautious approach towards interest-sensitive investments, highlighting the uncertainty in the current market conditions.
You won't go wrong with either. Thinks highly of management for both. Both are concentrated in Ontario. IIP.UN is smaller, more nimble, with a focus on Toronto-Ottawa-Montreal and a growing presence into Vancouver. CAR.UN gives exposure to GTA and across Canada. If he had to choose, he'd pick IIP.UN with its 25% discount to private market value, lots of value in the portfolio.
There is lots of value here due to a supply and demand imbalance leading to big growth in rents. There are 400 to 500 thousand new Canadians arriving annually in the next couple of years with not enough space for them. Also foreign students who stayed away during the first two years of the pandemic are returning
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Reducing debt levels over time. Payout ratio at a sustainable rate. Risk of no rent raise policy to continue. Primarily focused on Toronto and Montreal. Unlock Premium - Try 5i Free
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Positive Same-Property Net Operating Income(SPNOI). Peers reported negative SPNOI. Rising financing costs, but better than peers. Low interest rates locked in. Current environment represents high barriers for the supply side given the increase in interest rates and operating costs, making existing apartment profiles such as IIP valuable. Unlock Premium - Try 5i Free
There are other ways to do real estate. He likes Tricon. He thinks there might be a continued setback for student residences. Tricon has housing in the US where there is demand for their houses.
InterRent REIT is a Canadian stock, trading under the symbol IIP.UN-T on the Toronto Stock Exchange (IIP.UN-CT). It is usually referred to as TSX:IIP.UN or IIP.UN-T
In the last year, there was no coverage of InterRent REIT published on Stockchase.
InterRent REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for InterRent REIT.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered InterRent REIT In the last year. It is a trending stock that is worth watching.
On 2024-09-20, InterRent REIT (IIP.UN-T) stock closed at a price of $12.88.
Once he realized interest rates weren't going to stay at zero, he scaled out of real estate from 22% down to 5%. He held onto industrials, but sold this one. Really likes the company, but is waiting until interest rates tick down again. Very interest-sensitive investments.