reports
InterRent REIT Announces August 2023 Distributions
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of August 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about September 15, 2023, to unitholders of record on August 31, 2023. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential propert...
InterRent REIT Reports 15% Same Property NOI Growth and Accelerated NO...
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or the “REIT”) today reported financial results for the second quarter ended June 30, 2023. Operational and Financial Highlights: Same Property and Total Portfolio occupancy for June 2023 were 95.4%, an increase of 30 basis points compared to the same period last year. Average Monthly Rent (“AMR”) of $1,531 for the Total Portfolio and $1,523 for the same property portfolio, an increase of 6.8% and 6.5% year-over-year (“YoY”) respectively. Same Property Net Operating Income (“NOI”) for...
InterRent REIT Announces July 2023 Distributions
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of July 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about August 15, 2023, to unitholders of record on July 31, 2023. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. ...
InterRent REIT Announces Timing of Second Quarter 2023 Results and Con...
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that it will release its 2023 second quarter financial results before the market opens on Wednesday, August 2, 2023. Management will host a conference call and webcast to speak to these results on Wednesday, August 2, 2023 at 10:00 AM EST. Conference Call & Webcast The dial-in numbers for the conference call are 1-888-396-8049 (toll free) and 416-764-8646 (international). No access code required. The webcast will be accessible at: . A replay will be available for 7 days af...
InterRent Establishes Automatic Unit Purchase Plan
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or “REIT”) announced today that in connection with its previously announced normal course issuer bid (“NCIB”) to purchase up to 13,582,032 trust units (“Units”), it entered into an automatic unit purchase plan (“AUPP”) with a designated broker. The AUPP is intended to allow for the purchase of Units under the NCIB at times when the REIT would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the AUPP, InterRen...
InterRent REIT Announces June 2023 Distributions
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of June 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about July 17, 2023, to unitholders of record on June 30, 2023. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. Inte...
InterRent Announces Normal Course Issuer Bid
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or “REIT”) announced today that it has received approval from the Toronto Stock Exchange (“TSX”) for a Normal Course Issuer Bid (the “Bid”) commencing on May 23, 2023 up to and including May 22, 2024. Under the terms of the Bid, InterRent may purchase up to 13,582,032 trust units (“Units”) (representing approximately 10% of the REIT’s public float of 135,820,320 Units). For the previous Bid effective May 16, 2022, the REIT sought and received approval to purchase up to 13,357,843 trust units o...
InterRent REIT Announces May 2023 Distributions
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of May 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about June 15, 2023, to unitholders of record on May 31, 2023. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterR...
CORRECTION: InterRent REIT Reports Q1 2023 Same Property NOI Growth of...
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or the “REIT”) today reported financial results for the first quarter ended March 31, 2023. This press release has been amended and restated to correct the commentary regarding same-property NOI growth in the previous press release issued at 7:30 am ET on Tuesday, May 9, 2023. AMR growth and occupancy gains drive robust NOI margin expansion of 90bps over Q1 2022 Same property occupancy for March 2023 was 96.9%, an increase of 140 basis points when compared to March 2022, inline with Decembe...
InterRent REIT Reports Q1 2023 Same Property NOI Growth of 11.4%, Thir...
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or the “REIT”) today reported financial results for the first quarter ended March 31, 2023. AMR growth and occupancy gains drive robust NOI margin expansion of 90bps over Q1 2022 Same property occupancy for March 2023 was 96.9%, an increase of 140 basis points when compared to March 2022, inline with December 2022, helped drive same property NOI for the quarter to $35.8 million, an increase of $3.7 million, or 11.4%, over Q1 2022. Total occupancy for March 2023 was 96.8%, an increase of ...
InterRent REIT Announces April 2023 Distributions
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of April 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about May 15, 2023, to unitholders of record on April 30, 2023. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. Int...
InterRent REIT Announces Timing of First Quarter 2023 Results and Conf...
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that it will release its 2023 first quarter financial results before the market opens on Tuesday, May 9, 2023. Management will host a conference call and webcast to speak to these results on Tuesday, May 9, 2023 at 10:00 AM EST. Conference Call & Webcast The dial-in numbers for the conference call are 1-888-396-8049 (toll free) and 416-764-8646 (international). No access code required. The webcast will be accessible at: . A replay will be available for 7 days after the webca...
InterRent REIT Announces March 2023 Distributions
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of March 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about April 17, 2023, to unitholders of record on March 31, 2023. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. In...
InterRent REIT’s Operational Success Drives Strong NOI Growth
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or the “REIT”) today reported financial results for the fourth quarter and the year ended December 31, 2022. Occupancy gains and strong AMR growth results in robust operating performance Total portfolio occupancy improvement of 120bps results in occupancy rate 96.8% for December 2022 as compared to 95.6% for both December 2021 and September 2022. Same property occupancy improvement of 110bps over September 2022 and 80bps over December 2021 results in occupancy rate of 97.0% for December 202...
InterRent REIT Announces February 2023 Distributions
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of February 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about March 15, 2023, to unitholders of record on February 28, 2023. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties...
InterRent REIT Announces Timing of Fourth Quarter 2022 Results and Con...
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that it will release its 2022 fourth quarter financial results before the market opens on Tuesday, March 7, 2023. Management will host a conference call and webcast to speak to these results on Tuesday, March 7, 2023 at 10:00 AM EST. Conference Call & Webcast The dial-in numbers for the conference call are 1-888-886-7786 (toll free) and 416-764-8658 (international). No access code required. The webcast will be accessible at: . A replay will be available for 7 days after the we...
InterRent REIT Announces January 2023 Distributions
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of January 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about February 15, 2023, to unitholders of record on January 31, 2023. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properti...
InterRent REIT Announces December 2022 Distributions
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of December 2022 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about January 16, 2023, to unitholders of record on December 31, 2022. About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properti...
InterRent REIT Announces November 2022 Distributions
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of November 2022 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. As previously announced, the Board of Trustees decided to increase the amount of future distributions as a result of InterRent’s portfolio demonstrating strong sustainable results. The November distribution represents a 5.3% increase over the previous 2022 monthly distributions. Payment will be made on or about December 15, 2022, to uni...
InterRent REIT Achieves Same Property NOI Growth of 12.4% Leading to 1...
OTTAWA, Ontario--(BUSINESS WIRE)-- InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent” or the “REIT”) today reported financial results for the third quarter ended September 30, 2022. InterRent REIT executes on operating platform to achieve 12.4% same property NOI growth in Q3 2022 Same property occupancy of 95.9% in September 2022, an increase of 100bps compared to September 2021, paired with a reduction in rebates led to a 35% decrease of vacancy and rebates year-over-year helping to drive operating revenues up $4.2 million (or 9.5%) over Q3 2021. Same property NOI of $31.8 ...
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