Added to YB: 2025-06-05
Pitch date: 2025-04-17
IIP-UN.TO [bullish]
InterRent Real Estate Investment Trust
+32.15%
current return
Author Info
No bio for this author
Company Info
InterRent Real Estate Investment Trust is a growth-oriented real estate investment trust. The firm engaged in increasing unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.
Market Cap
CAD 1.8B
Pitch Price
CAD 10.25
Price Target
16.20 (+20%)
Dividend
2.93%
EV/EBITDA
25.97
P/E
409.03
EV/Sales
14.11
Sector
Residential REITs
Category
value
InterRent Real Estate Investment Trust - $IIP-UN.TO
IIP-UN.TO: Canadian Multi-Family REIT at 5.5% implied cap rate vs. 4.5% private market value. 26% upside to mark-to-market rents mitigates immigration policy risks. 52% upside at 4.5% cap rate, 26% at 5%. Recent mgmt actions (share buybacks, $200-250M asset sales) + Anson 9% activist stake signal value unlock.
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