Equities Analysts Issue Forecasts for InterRent REIT’s Q3 2018 Earnings (IIP)

InterRent REIT (TSE:IIP) – Investment analysts at National Bank Financial issued their Q3 2018 earnings per share (EPS) estimates for InterRent REIT in a report released on Wednesday, October 17th, according to Zacks Investment Research. National Bank Financial analyst M. Kornack anticipates that the company will earn $0.12 per share for the quarter.

InterRent REIT (TSE:IIP) last released its quarterly earnings results on Tuesday, October 30th. The company reported C$0.78 earnings per share for the quarter, topping the consensus estimate of C$0.12 by C$0.66. The firm had revenue of C$32.15 million during the quarter.

Separately, Desjardins reissued a “buy” rating on shares of InterRent REIT in a research note on Thursday, August 9th.

IIP traded down C$0.09 during trading on Friday, reaching C$9.90. The stock had a trading volume of 53,544 shares, compared to its average volume of 192,961. InterRent REIT has a one year low of C$7.31 and a one year high of C$10.19.

The company also recently announced a monthly dividend, which was paid on Monday, October 15th. Investors of record on Sunday, September 30th were paid a $0.023 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.28 dividend on an annualized basis and a yield of 2.79%.

About InterRent REIT

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).

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

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