InterRent REIT (TSE:IIP) to Post FY2024 Earnings of $0.59 Per Share, National Bank Financial Forecasts

InterRent REIT (TSE:IIP – Get Rating) – Investment analysts at National Bank Financial issued their FY2024 earnings per share estimates for shares of InterRent REIT in a research note issued on Thursday, January 5th. National Bank Financial analyst M. Kornack expects that the company will post earnings of $0.59 per share for the year.

InterRent REIT Stock Performance

InterRent REIT has a 1-year low of C$7.31 and a 1-year high of C$10.19.

InterRent REIT Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, January 16th. Stockholders of record on Saturday, December 31st will be issued a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of ∞. This is a positive change from InterRent REIT’s previous monthly dividend of $0.03. The ex-dividend date is Thursday, December 29th.

InterRent REIT Company Profile

(Get Rating)

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).