InterRent Real Estate Investment Trust chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 1.44
Dividend & Yield0.34C$ (2.89%)
Beta 0.98
Market capitalization 1.63B
Operating cash flow 85.96M
ESG Scores unknown

Company description

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. InterRent's primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

Sector: Real Estate - Industry: REIT—Residential

Financial Ratios
Quick Ratio0.07
Working Capital-2.42
Return On Equity0.15
Debt To Equity0.63
Fixed Asset Ratio-0.12
Fixed Interest Cover2.57

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -65k 1.94M 184k 6.32M
Total Cashflows From Investing Activities -247.86M -252.01M -290.71M -605.72M
Net Borrowings 30.94M 9.57M 92.33M 493.01M
Total Cash From Financing Activities 207.87M 179.65M 279.65M 460.12M
Change To Operating Activities -2.71M 5.22M -7.55M 11.86M
Issuance Of Stock 205.45M 193.62M 220.92M 2.88M
Net Income 168.3M 384.89M 150.65M 369.69M
Change In Cash 138k 230k 50.89M -49.58M
Effect Of Exchange Rate
Total Cash From Operating Activities 40.13M 72.59M 61.94M 96.02M
Depreciation 459k 533k 642k 908k
Change To Account Receivables -1.57M 274k -3.03M -7.24M
Other Cashflows From Financing Activities -6.92M -1.35M -6.77M -3.48M
Change To Netincome -125.66M -321.41M -80.58M -286.93M
Capital Expenditures

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 168.3M 384.89M 150.65M 369.69M
Net Income 168.3M 384.89M 150.65M 369.69M
Selling General Administrative 10.77M 11.33M 11.6M 13.22M
Gross Profit 82.22M 96.22M 102.18M 117.7M
Ebit 56.48M 70.42M 102.67M 87.23M
Operating Income 56.48M 70.42M 102.67M 87.23M
Interest Expense -28.2M -29.39M -30.02M -33.97M
Income Tax Expense
Total Revenue 127.29M 145.33M 160M 185.19M
Cost Of Revenue 45.07M 49.11M 57.82M 67.49M
Total Other Income ExpenseNet 111.82M 314.47M 47.98M 282.46M
Net Income From Continuing Ops 168.3M 384.89M 150.65M 369.69M
Net Income Applicable To Common Shares 168.3M 384.89M 150.65M 369.69M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 955.2M 1.07B 1.15B 1.7B
Total Stockholder Equity 1.16B 1.72B 2.07B 2.42B
Other Current Liabilities 2.65M 3.23M 3.85M 4.09M
Total Assets 2.12B 2.79B 3.21B 4.12B
Common Stock 558.62M 766.28M 1B 1.03B
Other Current Assets 6.71M 2.7M 12.8M 4.82M
Retained Earnings 604.17M 955.65M 1.07B 1.39B
Treasury Stock
Cash 523k 753k 51.64M 2.06M
Total Current Liabilities 76.96M 96.48M 85.65M 163.55M
Other Stockholder Equity
Property, Plant, and Equipment 2.02B 2.75B 3.11B 4.07B
Total Current Assets 9.18M 4.98M 66.16M 10.66M
Net Tangible Assets 1.16B 1.72B 2.07B 2.42B
Net Receivables 1.94M 1.53M 1.72M 3.77M
Accounts Payable 7.22M 7.22M 3.77M 3.98M


Insider Transactions

Here are the insider transactions of stock shares related to InterRent Real Estate Investment Trust:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Amirault (Paul)D2022-06-28Director of Issuer10k
Leslie (Ronald A.)D2022-06-28Director of Issuer32.5k
Stewart (Craig Alexander)D2022-05-11Senior Officer of Issuer2.57k
Clancy (Michael Robert)D2022-03-31Senior Officer of Issuer545
Leslie (Ronald A.)Acquisition or disposition in the public market at price 12.99 per share.D2022-03-29Director of Issuer4k
Bouzanis (Paul)D2022-03-24Director of Issuer125k
Amirault (Paul)D2022-03-22Director of Issuer7.5k
Leslie (Ronald A.)Acquisition or disposition in the public market at price 13.20 per share.D2022-03-22Director of Issuer6k
Leslie (Ronald A.)Acquisition or disposition in the public market at price 12.87 per share.D2022-03-11Director of Issuer15k
Leslie (Ronald A.)Exercise of options at price 4.56 per share.D2022-03-11Director of Issuer25k
Leslie (Ronald A.)Exercise of options at price 4.43 per share.D2022-03-11Director of Issuer25k
McGahan (Michael Darryl)I2021-12-31Director of Issuer1.8k
McGahan (Michael Darryl)D2021-12-31Director of Issuer29.89k
McGahan (Michael Darryl)D2021-12-31Director of Issuer52.33k
Leslie (Ronald A.)D2021-12-31Director of Issuer453
Cutsey (Bradley)Acquisition or disposition under a purchase/ownership plan at price 167.80 per share.D2021-12-31Senior Officer of Issuer212
Stewart (Craig Alexander)D2021-12-29Senior Officer of Issuer2.33k
Millar, CurtD2021-12-24Senior Officer of Issuer5.5k
Nevins (David)D2021-12-24Senior Officer of Issuer25k
Stewart (Craig Alexander)Exercise of options at price 4.53 per share.D2021-12-22Senior Officer of Issuer7.5k
Nevins (David)Exercise of options at price 4.29 per share.D2021-12-22Senior Officer of Issuer50k
Millar, CurtAcquisition or disposition in the public market at price 13.16 per share.D2021-12-22Senior Officer of Issuer13.97k
Nevins (David)Exercise of options at price 4.40 per share.D2021-12-22Senior Officer of Issuer60k
Millar, CurtExercise of options at price 4.40 per share.D2021-12-22Senior Officer of Issuer50k
Nevins (David)Exercise of options at price 4.53 per share.D2021-12-22Senior Officer of Issuer45k
Millar, CurtExercise of options at price 4.53 per share.D2021-12-22Senior Officer of Issuer30k
Nevins (David)Exercise of options at price 5.98 per share.D2021-12-22Senior Officer of Issuer50k
Nevins (David)Acquisition or disposition in the public market at price 13.16 per share.D2021-12-22Senior Officer of Issuer34.4k
Stewart (Craig Alexander)Exercise of options at price 4.40 per share.D2021-12-22Senior Officer of Issuer5k
Stewart (Craig Alexander)Exercise of options at price 5.98 per share.D2021-12-22Senior Officer of Issuer25k
Stewart (Craig Alexander)Acquisition or disposition in the public market at price 13.16 per share.D2021-12-22Senior Officer of Issuer5.82k
Bouzanis (Paul)Acquisition or disposition by gift at price 12.95 per share.D2021-12-03Director of Issuer5.84k
Amirault (Paul)D2021-12-03Director of Issuer7.5k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to InterRent Real Estate Investment Trust. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on InterRent Real Estate Investment Trust

Here is the result of two systematic investment strategies applied to InterRent Real Estate Investment Trust. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on InterRent Real Estate Investment Trust

The following chart shows the equity curve of the two systematic investment strategies applied to InterRent Real Estate Investment Trust:

InterRent Real Estate Investment Trust automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -15.94% on the backtest period.

Performance at glance

Performance

-15.94 %

Latent gain

-120.25 C$

Invested capital

754.28 C$

Annualized return

-12.08 %
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Momentum strategy results on InterRent Real Estate Investment Trust

This is the result of two momentum investment strategies applied to InterRent Real Estate Investment Trust. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on InterRent Real Estate Investment Trust

The following chart shows all the entries opened by the momentum investment system on InterRent Real Estate Investment Trust:

InterRent Real Estate Investment Trust momentum entries
  • The first momentum investment strategy would give -15.9% of return on InterRent Real Estate Investment Trust. That represents -201.53C$ of latent gain with 1267.24C$ of employed capital.
  • The second momentum investment strategy would give -20.89% of return on InterRent Real Estate Investment Trust. That represents -263.61C$ of latent gain with 1261.87C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-15.9 %

Latent gain

-201.53 C$

Invested capital

1267.24 C$

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

-20.89 %

Latent gain

-263.61 C$

Invested capital

1261.87 C$

Annualized return

-24.87 %

Momentum equity curve on InterRent Real Estate Investment Trust

The following chart shows the equity curve of the two momentum strategies applied to InterRent Real Estate Investment Trust:

InterRent Real Estate Investment Trust momentum equity

Note: the dividends potentially given by InterRent Real Estate Investment Trust are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on InterRent Real Estate Investment Trust

The following chart shows the employed capital evolution of the two momentum strategies on InterRent Real Estate Investment Trust since the beginning:

InterRent Real Estate Investment Trust

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on InterRent Real Estate Investment Trust

Buy the dip entry openings on InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust

The performance achieved by the robo-advisor on InterRent Real Estate Investment Trust is 0%. That represents 0.0$ of latent gain with 0.0C$ of employed capital. The following chart shows InterRent Real Estate Investment Trust stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of InterRent Real Estate Investment Trust, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 C$

Invested capital

0.0 C$

Annualized return

-0.0 %

Equity curve of the strategy applied to InterRent Real Estate Investment Trust

The following chart shows the result of the investment strategy applied to InterRent Real Estate Investment Trust:

InterRent Real Estate Investment Trust

Note: the dividends potentially given by InterRent Real Estate Investment Trust are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on InterRent Real Estate Investment Trust

The following chart shows the employed capital evolution since the beginning of the investment strategy on InterRent Real Estate Investment Trust:

InterRent Real Estate Investment Trust

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on InterRent Real Estate Investment Trust

In this section, I will compare the three previous investment strategies applied to InterRent Real Estate Investment Trust.

Equity curve comparison on InterRent Real Estate Investment Trust

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

InterRent Real Estate Investment Trust investment strategy comparison

Employed capital comparison on InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust investment comparison

Performance comparison on InterRent Real Estate Investment Trust

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -15.94% -120.25C$ 754.28C$ -12.08%
Momentum 1 quarter -15.9% -201.53C$ 1267.24C$ -14.72%
Momentum 2 quarters -20.89% -263.61C$ 1261.87C$ -24.87%
Non-directional 0% 0.0C$ 0.0C$ -0.0%
Annualized return comparison

Automatic investment

-12.08 %

Momentum 1Q

-24.87 %

Momentum 2Q

-24.87 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with InterRent Real Estate Investment Trust:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between InterRent Real Estate Investment Trust and the other stocks. There may be false positives or some missing correlated stocks. If the price of InterRent Real Estate Investment Trust does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name InterRent Real Estate Investment Trust
Country Canada
City Ottawa
Address 485 Bank Street
Phone (613) 569-5699
Website www.interrentreit.com
FullTime employees 435
Industry REIT—Residential
Sector Real Estate
Exchange XTSE
Ticker IIP-UN.XTSE
Market

InterRent Real Estate Investment Trust ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown