TSE:IIP.UN

13.61
0.08 (0.58%) 1d
0

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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Based on the reviews from different experts, the consensus seems to be that InterRent REIT (IIP.UN-T) is a solid investment. One expert scaled out of real estate holdings in response to rising interest rates, but still sees potential in the company, while another expert compared IIP.UN to CAR.UN and noted the former's 25% discount to private market value. The company has a focus on major Canadian cities and appears to have a promising portfolio. Overall, the sentiment is cautiously optimistic, with a focus on the potential impact of interest rates on the company's performance.

Consensus
Optimistic
Valuation
Undervalued
PAST TOP PICK
InterRent REIT
(A Top Pick May 21/20, Down 4%)

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.

property mngmnt / investment
BUY
InterRent REIT
IIP.UN vs. CAR.UN

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.

property mngmnt / investment
BUY
InterRent REIT

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

property mngmnt / investment
BUY
InterRent REIT

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

property mngmnt / investment
HOLD
InterRent REIT
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Residential focused REIT. Conservative management with a track record. Raised $200M to pay debt and for acquisitions. Growth in target markets.
property mngmnt / investment
PAST TOP PICK
InterRent REIT
(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
BUY
InterRent REIT
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
InterRent REIT
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
InterRent REIT
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
InterRent REIT

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
InterRent REIT
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
InterRent REIT
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
InterRent REIT
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
InterRent REIT
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
InterRent REIT

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
Showing 1 to 15 of 84 entries

InterRent REIT(IIP.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

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, 2 stock analysts published opinions about IIP.UN-T. 2 analysts recommended to BUY the stock. 0 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?

2 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 2024-03-28, InterRent REIT (IIP.UN-T) stock closed at a price of $13.61.