Interrent Real Estate Investment Trust (TSE:IIP) Forecasted to Post FY2018 Earnings of $0.48 Per Share
Interrent Real Estate Investment Trust (TSE:IIP) – Stock analysts at National Bank Financial increased their FY2018 earnings estimates for Interrent Real Estate Investment Trust in a research report issued on Wednesday. National Bank Financial analyst M. Kornack now forecasts that the company will post earnings per share of $0.48 for the year, up from their previous forecast of $0.45.
The business also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.24 annualized dividend and a dividend yield of Infinity.
About Interrent Real Estate Investment Trust
InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).
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