InterRent Real Estate Investment Trust (IIP.UN) to Issue Monthly Dividend of $0.03 on October 15th

InterRent Real Estate Investment Trust (TSE:IIP.UN) announced a monthly dividend on Friday, September 27th, TickerTech reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.0315 per share by the real estate investment trust on Tuesday, October 15th. This represents a $0.38 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Friday, September 27th.

InterRent Real Estate Investment Trust Price Performance

Shares of InterRent Real Estate Investment Trust stock remained flat at C$12.82 during trading on Wednesday. The company had a trading volume of 161,339 shares, compared to its average volume of 357,892. InterRent Real Estate Investment Trust has a 12 month low of C$11.43 and a 12 month high of C$14.50. The stock has a 50-day simple moving average of C$12.68 and a 200-day simple moving average of C$12.53. The company has a quick ratio of 0.04, a current ratio of 0.43 and a debt-to-equity ratio of 63.59. The stock has a market cap of C$1.90 billion, a PE ratio of -641.00 and a beta of 1.14.

InterRent Real Estate Investment Trust Company Profile

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.