Buy, Sell or Hold: InterRent REIT (IIP.UN-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings InterRent REIT (IIP.UN-T)

TSE:IIP.UN

12.25

0.30 (2.39%) 1d

PAST TOP PICK

(A Top Pick Nov 29/21, Down 26%) Sold at peak, then rebought at the sell-off. Has a great portfolion in Toronto, Montreal and Vancouver. Great growth ahead.

property mngmnt / investment

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BUY

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.

property mngmnt / investment

BUY

Multi-family housing units in Canada. Very solid portfolio with great management team. Treading at wide discount to net asset value. Is buying shares now. Very defensive name that has access to capital. No concern in terms of credit quality. High population growth into Canada makes for good business.

property mngmnt / investment

DON'T BUY

During Covid, money shifted out of office and retail and into apartments and industrials which saw big gains last year, but have come off this year. They remain pricey in valuation though. It's tough to grow by acquisition or finance new properties, so growth is limited. You get the yield, but not enough to trigger a buy.

property mngmnt / investment

BUY

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

property mngmnt / investment

DON'T BUY

Sold because the apartment rental theme going into the pandemic had run its course. Higher utility costs, but lagging on increasing rents. Provincial rent control. Need large scale to counteract margin compression. Excellent managers. Valuation high.

property mngmnt / investment

BUY

In Ontario, Quebec, and now BC. Value and growth. Great management team. Usually trades at a premium, now at 52-week lows. Great chance to buy, as government's stifling supply has affected the public markets. Provides affordable housing for population growth in Canada and from immigration.

property mngmnt / investment

BUY

Bullish since recent sell-off of stock. Dynamic management team. It is in the Ottawa, Toronto and Montreal areas where there is population growth. This includes immigrants who are looking for reasonably priced housing.

property mngmnt / investment

TOP PICK

Multi-family apartment REITs in Montreal, Toronto, Ottawa. Set up for low double-digit growth next year. Trades at discount to NAV. Yield is 2.02%.

property mngmnt / investment

DON'T BUY

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.

property mngmnt / investment

BUY

They operate multi-family apartments in Toronto, Ottawa, Montreal and more so in Vancouver. They've been hurt by lack of foreign students, though, but resists lowering rents (which would be locked in) and is instead letting vacancy drop, a strategy he likes. IIP will benefit for the rebound when foreign students return. The next few quarters will be choppy in earnings, but the horizon looks sunny.

property mngmnt / investment

HOLD

Likes it. Stock's performed really well. Q3 results strong. Trading at a 5% discount to NAV. Still upside. Primarily in GTA, Hamilton, Ottawa, Montreal. Buy underperformers and renovate them to the advantage of shareholders. Strong recurring free cashflow, growing distribution. Yield is 2.3%.

property mngmnt / investment

BUY

Their collection rate? They reported yesterday. 99% rent collection rate for July-September. Rates are strong for all apartment REITs. He's pleased to see that. IIP's strategy is to sacrifice occupancy to preserve rent. They are concentrated in student housing in Montreal, which is a weakness, but this is short-term, he thinks. A rent freeze in Ontario in 2021 will effect revenues, but he sees long-term value here.

property mngmnt / investment

BUY on WEAKNESS

He's bullish on apartments long-term, given supply and demand in many markets. But short-term there's an impact. IIP has a growing presence in Montreal and he likes their overall portfolio, but assets around McGill and Concordia have taken a hit because foreign students can't enter Canada. A blue chip trading cheaply. If you're a longer-term investor, now is the time to invest in this asset class.

property mngmnt / investment

BUY

They recently issued equity to take advantage of opportunities. Stock price is close to net asset value. They might be chopping in the short term because of downtown assets in Montreal. They are focused on the right geographies and have great management.

property mngmnt / investment

Showing 1 to 15 of 79 entries

InterRent REIT(IIP.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 8

Stockchase rating for InterRent REIT is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

InterRent REIT(IIP.UN-T) Frequently Asked Questions

What is InterRent REIT stock symbol?

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

Is InterRent REIT a buy or a sell?

In the last year, 8 stock analysts published opinions about IIP.UN-T. 6 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for InterRent REIT.

Is InterRent REIT a good investment or a top pick?

InterRent REIT was recommended as a Top Pick by on . Read the latest stock experts ratings for InterRent REIT.

Why is InterRent REIT stock dropping?

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.

Is InterRent REIT worth watching?

8 stock analysts on Stockchase covered InterRent REIT In the last year. It is a trending stock that is worth watching.

What is InterRent REIT stock price?

On 2022-12-02, InterRent REIT (IIP.UN-T) stock closed at a price of $12.25.

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InterRent REIT(IIP.UN-T) Rating

InterRent REIT(IIP.UN-T) Frequently Asked Questions

What is InterRent REIT stock symbol?

Is InterRent REIT a buy or a sell?

Is InterRent REIT a good investment or a top pick?

Why is InterRent REIT stock dropping?

Is InterRent REIT worth watching?

What is InterRent REIT stock price?

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