InterRent REIT Expected to Post FY2023 Earnings of $0.56 Per Share (TSE:IIP)

InterRent REIT (TSE:IIP – Get Rating) – Equities research analysts at Desjardins lifted their FY2023 earnings per share estimates for shares of InterRent REIT in a report released on Tuesday, May 9th. Desjardins analyst K. Stanley now anticipates that the company will earn $0.56 per share for the year, up from their prior forecast of $0.55.

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 Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, May 15th. Stockholders of record on Sunday, April 30th will be issued a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, April 27th.

About InterRent REIT

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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).