Research Analysts Issue Forecasts for InterRent REIT’s Q1 2024 Earnings (TSE:IIP)

InterRent REIT (TSE:IIP) – Stock analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for shares of InterRent REIT in a report issued on Tuesday, April 23rd. National Bank Financial analyst M. Kornack expects that the company will earn $0.14 per share for the quarter. National Bank Financial also issued estimates for InterRent REIT’s FY2025 earnings at $0.69 EPS.

InterRent REIT (TSE:IIP) last released its earnings results on Thursday, February 29th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.05. The firm had revenue of C$61.88 million during the quarter, compared to analyst estimates of C$60.48 million.

InterRent REIT Price Performance

InterRent REIT has a 12-month low of C$7.31 and a 12-month high of C$10.19.

InterRent REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.032 per share. This represents a $0.38 annualized dividend and a yield of ∞. The ex-dividend date is Monday, April 29th.

About InterRent REIT

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).