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InterRent REIT got a "buy" rating from us the last time around. It also got a buyout offer from a far bigger entity. We discuss that transaction and tell you why you should hold over the next few months.
We passed on InterRent REIT in 2020. While the REIT was well run, it was too expensive at that time. The valuation became compelling in 2024 and we became buyers. We review the first quarter results and lay out our bullish thesis.
InterRent Real Estate Investment Trust (OTC:IIPZF) Q1 2025 Earnings Conference Call May 16, 2025 10:00 AM ET Company Participants Renee Wei - Director of IR and Sustainability Brad Cutsey - President and CEO Dave Nevins - COO Curt Millar - CFO Conference Call Participants Jonathan Kelcher - TD Cowen Brad Sturges - Raymond James Mario Saric - Scotiabank Mike Markidis - BMO Capital Markets Jimmy Shan - RBC Capital Markets Sairam Srinivas - Cormark Securities Dean Wilkinson - CIBC Matt Kornack - National Bank Financial Gaurav Mathur - Green Street Operator Good morning, ladies and gentlemen, and welcome to the InterRent REIT Q1 2025 Earnings Webcast Conference Call. At this time, all lines are in listen-only mode.
InterRent Real Estate Investment Trust (OTC:IIPZF) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Renee Wei - Director of Investor Relations & Sustainability Brad Cutsey - President & Chief Executive Officer Dave Nevins - Chief Operating Officer Curt Millar - Chief Financial Officer Conference Call Participants Kyle Stanley - Desjardins Mark Rothschild - Canaccord Mario Saric - Scotia Bank Sairam Srinivas - Cormark Securities Jonathan Kelcher - TD Cowen Mike Markidis - BMO Capital Markets Brad Sturges - Raymond James Gaurav Mathur - Green Street Matt Kornack - National Bank Financial Operator Ladies and gentlemen, and welcome to the InterRent REIT Third Quarter Earnings Conference Call and webcast. At this time, all lines are in a listen-only mode.
InterRent Real Estate Investment Trust (OTC:IIPZF) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Brad Cutsey - President, Chief Executive Officer Curt Millar - Chief Financial Officer Dave Nevins - Chief Operating Officer Asad Hanif - VP Acquisitions Renee Wei - Director of Investor Relations and Sustainability Conference Call Participants Kyle Stanley - Desjardins Brad Sturges - Raymond James Mark Rothschild - Canaccord Jonathan Kelcher - TD Cowen Matt Kornack - National Bank Financial Jimmy Shan - RBC Capital Markets Mike Markidis - BMO Mario Saric - Scotiabank Dean Wilkinson - CIBC Fred Blondeau - Green Street Operator Good morning ladies and gentlemen. And welcome to the InterRent REIT Second Quarter 2024 Earnings Conference Call and Webcast.
InterRent Real Estate Investment Trust (OTC:IIPZF) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Renee Wei – Director of Investor Relations and Sustainability Brad Cutsey – President and Chief Executive Officer Curt Millar – Chief Financial Officer Dave Nevins – Chief Operating Officer Conference Call Participants Kyle Stanley – Desjardins Mike Markidis – BMO Sairam Srinivas – Cormark Securities Jonathan Kelcher – TD Cowen Brad Sturges – Raymond James Matt Kornack – National Bank Financial Operator Good morning, ladies and gentlemen, and welcome to the InterRent First Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.
InterRent Real Estate Investment Trust (IIPZF) Q4 2023 Earnings Call Transcript
InterRent Real Estate Investment Trust (OTC:IIPZF) Q3 2023 Earnings Conference Call November 1, 2023 1:00 PM ET Company Participants Renee Wei - Director, IR & Sustainability Brad Cutsey - President and CEO, Trustee Dave Nevins - COO Curt Millar - CFO Conference Call Participants Fred Blondeau - Laurentian Bank Securities Mike Markidis - BMO Capital Markets Jonathan Kelcher - TD Securities Matt Kornack - National Bank Financial Kyle Stanley - Desjardins Capital Markets Brad Sturges - Raymond James Jimmy Shan - RBC Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the InterRent Q3 2023 earnings call. [Operator Instructions].
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.
InterRent Real Estate Investment Trust (OTC:IIPZF) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Renee Wei - Director, IR and Sustainability Bradley Cutsey - President and CEO Dave Nevins - COO Curt Millar - CFO Conference Call Participants Mike Markidis - BMO Capital Markets Jonathan Kelcher - TD Cowen Kyle Stanley - Desjardins Brad Sturges - Raymond James Mario Saric - Scotiabank Dean Wilkinson - CIBC Gaurav Mathur - iA Capital Markets Matt Kornack - National Bank Financial Operator Good morning, ladies and gentlemen, and welcome to the InterRent Q2 2023 Earnings Conference Call. At this time, all lines are in a listen-only mode.
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.
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 su.
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 a.
InterRent Real Estate Investment Trust (OTC:IIPZF) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Renee Wei - Director, IR and Sustainability Bradley Cutsey - President and CEO Dave Nevins - COO Curt Millar - CFO Conference Call Participants Brad Sturges - Raymond James Mike Markidis - BMO Capital Markets Kyle Stanley - Desjardins Jonathan Kelcher - TD Cowen Jimmy Shan - RBC Capital Markets Matt Kornack - National Bank Financial Gaurav Mathur - iA Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the InterRent Q1 2023 Earnings Call. At this time, all lines are in listen-only mode.
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).
InterRent Real Estate Investment Trust (OTC:IIPZF) Q4 2022 Earnings Conference Call March 7, 2023 10:00 AM ET Company Participants Craig Stewart - VP, Finance Bradley Cutsey - President and CEO Dave Nevins - COO Curt Millar - CFO Conference Call Participants Fred Blondeau - Laurentian Bank Securities Mark Rothschild - Canaccord Brad Sturges - Raymond James Mike Markidis - BMO Kyle Stanley - Desjardins Jonathan Kelcher - TD Securities Mario Saric - Scotia Bank Gaurav Mathur - IA Capital Markets Jimmy Shan - RBC Capital Markets Matt Kornack - National Bank Financial Dean Wilkinson - CIBC Operator Good morning, ladies and gentlemen, and welcome to the InterRent REIT Q4 Earnings Conference Call. At this time, all lines are in a listen-only mode.
InterRent REIT focuses on residential real estate in Vancouver, Toronto, Montreal and Ottawa. The REIT is a very steady performer, but trades at very high multiples. I am not prepared to pay 28 times the AFFO.
InterRent Real Estate Investment Trust (OTC:IIPZF) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Craig Stewart - VP, Finance Bradley Cutsey - President and CEO Dave Nevins - COO Curt Millar - CFO Conference Call Participants Mike Markidis - BMO Jonathan Kelcher - TD Securities Kyle Stanley - Desjardins Brad Sturges - Raymond James Jimmy Shan - RBC Capital Markets Matt Kornack - National Bank Financial Johann Rodrigues - Industrial Alliance Operator Good morning, ladies and gentlemen, and welcome to InterRent REIT Q3 call. [Operator Instructions].
InterRent Real Estate Investment Trust (OTC:IIPZF) Q1 2022 Results Conference Call May 10, 2022 10:00 AM ET Company Participants Sandy Rose - Director, Investor Relations Mike McGahan - Executive Chair Brad Cutsey - President and CEO Curt Millar - Chief Financial Officer Dave Nevins - Chief Operating Officer Conference Call Participants Jonathan Kelcher - TD Securities Mike Markidis - Desjardins Bank Matt Kornack - National Financial Jimmy Shan - RBC Capital Markets Johann Rodrigues - IA Frank Lu - BMO Capital Markets Brad Sturges - Raymond James Operator Welcome, everyone. Thank you for joining InterRent REIT's Q1 2022 Earnings Call.