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

InterRent REIT (TSE:IIPGet 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).

Further Reading

Earnings History and Estimates for InterRent REIT (TSE:IIP)

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