InterRent REIT

IIP.UN-T

Analysis and Opinions about IIP.UN-T

Signal
Opinion
Expert
Chart
TOP PICK
TOP PICK
July 24, 2013

Debt to growth BV is well under 50% and payout ratio is about 60% so they have a lot of room to increase the 3.5% dividend. Recently completed some acquisitions. A lot of organic growth potential. Good balance sheet. Trades at a significant discount to NAV. $7 12 to 18 months out.

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Debt to growth BV is well under 50% and payout ratio is about 60% so they have a lot of room to increase the 3.5% dividend. Recently completed some acquisitions. A lot of organic growth potential. Good balance sheet. Trades at a significant discount to NAV. $7 12 to 18 months out.

Andy Nasr
Price
$5.670
Owned
Yes
HOLD
HOLD
January 31, 2013

Continues to see upside. Sees the NAV as $6.50 and if it doesn’t get there, it probably won’t be around in 12-18 months. Has shot up in the last couple of years because of the very good management team that has focused on redeveloping properties. Relatively low payout ratio. Taking cash that they are not paying out to unit holders and spending it on improving underlying properties and growing through acquisition.

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InterRent REIT (IIP.UN-T)
January 31, 2013

Continues to see upside. Sees the NAV as $6.50 and if it doesn’t get there, it probably won’t be around in 12-18 months. Has shot up in the last couple of years because of the very good management team that has focused on redeveloping properties. Relatively low payout ratio. Taking cash that they are not paying out to unit holders and spending it on improving underlying properties and growing through acquisition.

Andy Nasr
Price
$5.910
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 15, 2012

(Top Pick Nov 11/11, Up 80.90%) Don’t take profits. Bit of a turn-around story. Redevelopments drove up occupancy so the stock did very well. We will still get the benefit of the increased rents for another year. Good take-out candidate.

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InterRent REIT (IIP.UN-T)
November 15, 2012

(Top Pick Nov 11/11, Up 80.90%) Don’t take profits. Bit of a turn-around story. Redevelopments drove up occupancy so the stock did very well. We will still get the benefit of the increased rents for another year. Good take-out candidate.

Andy Nasr
Price
$5.150
Owned
Yes
COMMENT
COMMENT
October 22, 2012

Has been doing well. Feels you have to watch the balance sheet and watch what they are doing with their cash.

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InterRent REIT (IIP.UN-T)
October 22, 2012

Has been doing well. Feels you have to watch the balance sheet and watch what they are doing with their cash.

Fabrice Taylor
Price
$5.400
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
October 19, 2012

(A Top Pick Nov 11/11. Up 93.27%.) Still a lot of upside especially if you consider that they are applying for above guideline increases. Expect there is also a potential for a dividend increase.

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InterRent REIT (IIP.UN-T)
October 19, 2012

(A Top Pick Nov 11/11. Up 93.27%.) Still a lot of upside especially if you consider that they are applying for above guideline increases. Expect there is also a potential for a dividend increase.

Andy Nasr
Price
$5.320
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 17, 2012

(Top Pick Nov 11/11, Up 100.83%) Core holding. Continues to hold in funds. Continues to think it is a good investment. Still $0.50 upside.

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InterRent REIT (IIP.UN-T)
September 17, 2012

(Top Pick Nov 11/11, Up 100.83%) Core holding. Continues to hold in funds. Continues to think it is a good investment. Still $0.50 upside.

Andy Nasr
Price
$5.490
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
August 20, 2012

Apartments in Ontario. Good management. Distribution was just increased 33%. Wait for a pullback into the low $5’s.

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Apartments in Ontario. Good management. Distribution was just increased 33%. Wait for a pullback into the low $5’s.

HOLD
HOLD
August 8, 2012

This is a growth entity and has got huge identity for its size. Payout ratio is 44%.

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This is a growth entity and has got huge identity for its size. Payout ratio is 44%.

PAST TOP PICK
PAST TOP PICK
July 23, 2012
(A Top Pick Aug 23/11. Up 107.58%.) Apartments mostly in Eastern Canada. Turnaround story. Management spent a lot of money improving the property and were able to increase their rental rates by 10%. Still looking for $5.50-$5.75. Still a Hold. Dividend of 2.5% should increase and payout ratio is only about 65%.
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(A Top Pick Aug 23/11. Up 107.58%.) Apartments mostly in Eastern Canada. Turnaround story. Management spent a lot of money improving the property and were able to increase their rental rates by 10%. Still looking for $5.50-$5.75. Still a Hold. Dividend of 2.5% should increase and payout ratio is only about 65%.
Andy Nasr
Price
$4.820
Owned
Yes
BUY
BUY
July 20, 2012
This is a multifamily REIT. Probably worth $5.20-$5.50 and at these levels you would probably get a 15%-16% total return. 2.5% yield is not huge but you should see annual distribution increases.
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This is a multifamily REIT. Probably worth $5.20-$5.50 and at these levels you would probably get a 15%-16% total return. 2.5% yield is not huge but you should see annual distribution increases.
BUY
BUY
June 4, 2012
Apartment buildings, generally in the Toronto area but also across south western Ontario. Recently added to his portfolio. CEO has done a tremendous job with the new team on releasing and repositioning and creating a tremendous amount of value. Offers of return of about 14%.
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Apartment buildings, generally in the Toronto area but also across south western Ontario. Recently added to his portfolio. CEO has done a tremendous job with the new team on releasing and repositioning and creating a tremendous amount of value. Offers of return of about 14%.
PAST TOP PICK
PAST TOP PICK
May 28, 2012
(Top Pick Aug 23’11,Up 80.05 %) Still holds it and sees $5.50. Plenty of room to increase the distribution.
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(Top Pick Aug 23’11,Up 80.05 %) Still holds it and sees $5.50. Plenty of room to increase the distribution.
Andy Nasr
Price
$4.300
Owned
Yes
TOP PICK
TOP PICK
May 1, 2012
Going to be one of the beneficiaries for Trans Globe assuming it gets taken out. Small discount to asset value. Terrific job of leasing out assets.
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Going to be one of the beneficiaries for Trans Globe assuming it gets taken out. Small discount to asset value. Terrific job of leasing out assets.
BUY
BUY
April 12, 2012
Apartment REITs in Ontario. Trades at about a 10% discount to NAV with a 73% payout ratio. Likes the direction they are heading.
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Apartment REITs in Ontario. Trades at about a 10% discount to NAV with a 73% payout ratio. Likes the direction they are heading.
PAST TOP PICK
PAST TOP PICK
February 16, 2012
(Top Pick Nov 11/11, up 29.66% Total Return)
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InterRent REIT (IIP.UN-T)
February 16, 2012
(Top Pick Nov 11/11, up 29.66% Total Return)
Andy Nasr
Price
$3.730
Owned
Yes
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