InterRent REIT | StockChase
46
InterRent REIT (IIP.UN-T)

Last Price Recorded: $8.8700 on 2017-11-16

ON STOCKCHASE SINCE May 2007

property mngmnt/investment

InterRent REIT


Signal Opinion Expert

2017-02-03

WAIT
InterRent REIT (IIP.UN-T)

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%.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $7.700
Owned: Yes

2017-01-31

COMMENT
InterRent REIT (IIP.UN-T)

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.

property mngmnt/investment
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $7.430
Owned: Yes

2016-12-22

HOLD
InterRent REIT (IIP.UN-T)

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

property mngmnt/investment
James Hodgins

Chief Investment Officer, Curvature Hedge Strategies

Price: $7.380
Owned: No

2016-03-30

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

(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.

property mngmnt/investment
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $7.240
Owned: Yes

2016-02-09

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

(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%.

property mngmnt/investment
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $6.590
Owned: Yes

2016-02-03

COMMENT
InterRent REIT (IIP.UN-T)

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.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $6.750
Owned: Yes

2015-11-12

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

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

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $6.530
Owned: Yes

2015-07-27

TOP PICK
InterRent REIT (IIP.UN-T)

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.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $6.200
Owned: Yes

2015-05-15

COMMENT
InterRent REIT (IIP.UN-T)

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.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $6.430
Owned: Yes

2015-04-22

COMMENT
InterRent REIT (IIP.UN-T)

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.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $6.580
Owned: Unknown

2015-03-19

TOP PICK
InterRent REIT (IIP.UN-T)

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.

property mngmnt/investment
Andy Nasr

VP & Investment Strategist, Sentry Investments

Price: $6.270
Owned: Yes

2015-03-18

TOP PICK
InterRent REIT (IIP.UN-T)

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%.

property mngmnt/investment
Michael Missaghie

VP & Sr. Portfolio Manager, Sentry Investments

Price: $6.100
Owned: Yes

2014-11-13

TOP PICK
InterRent REIT (IIP.UN-T)

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%.

property mngmnt/investment
Derek Warren

Asst Vice President, Lincluden Investment Mgmnt

Price: $5.890
Owned: Yes

2014-10-16

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

(Top Pick Nov 20/13, Up 5.27%) He is one of the largest shareholders.  They are an owner operator and redeveloper of apartments.  Thinks it should be a dollar higher.  They got hurt with repositioning some assets.  He is still confident in the management team.  It is very compelling value.

property mngmnt/investment
Michael Missaghie

VP & Sr. Portfolio Manager, Sentry Investments

Price: $5.510
Owned: Yes

2014-09-10

HOLD
InterRent REIT (IIP.UN-T)

He has looked at it for two years. Ottawa and Toronto apartment strategy, renovating apartments and renting them out at higher rent.  It has come up so much so far.   It is now trying to fit into its growth profile.  Buy it in the low $5s.

property mngmnt/investment
Paul Gardner, CFA

Partner and Portfolio Manager, Avenue Investment Management

Price: $5.680
Owned: No

Showing 1 to 15 of 46 entries
<< < 1 2 3 4 > >>

No Comments.


You must be logged in to comment.