InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Issues Earnings Results

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) issued its quarterly earnings results on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, Zacks reports. InterRent Real Estate Investment Trust had a negative return on equity of 4.53% and a negative net margin of 42.31%.The firm had revenue of $44.75 million during the quarter.

InterRent Real Estate Investment Trust Stock Performance

Shares of OTCMKTS:IIPZF remained flat at $9.80 during midday trading on Wednesday. The company had a trading volume of 77 shares, compared to its average volume of 278. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.18 and a current ratio of 0.18. InterRent Real Estate Investment Trust has a fifty-two week low of $6.64 and a fifty-two week high of $10.23. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -19.22 and a beta of 0.93. The company has a fifty day simple moving average of $9.70 and a two-hundred day simple moving average of $9.62.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered InterRent Real Estate Investment Trust from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is a Canadian unincorporated, open-ended real estate investment trust specializing in the acquisition, ownership and management of multi-family residential properties. Its portfolio consists predominantly of mid-rise apartment buildings and townhouse complexes, and the trust emphasizes value-added opportunities by implementing targeted capital upgrades and operational enhancements. InterRent’s in-house property management services cover leasing, maintenance and tenant relations, driving occupancy and rental income growth across its assets.

Headquartered in Ottawa, InterRent REIT maintains a diversified portfolio across key urban and suburban markets in Ontario and Quebec, including Ottawa–Gatineau, Kingston, London and the Outaouais region.