InterRent Real Estate Investment Trust (TSE:IIP.UN) to Issue $0.03 Monthly Dividend

InterRent Real Estate Investment Trust (TSE:IIP.UN) announced a monthly dividend on Friday, September 27th, TickerTech reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.0315 per share by the real estate investment trust on Tuesday, October 15th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, September 27th.

InterRent Real Estate Investment Trust Stock Performance

InterRent Real Estate Investment Trust stock remained flat at C$12.82 during mid-day trading on Wednesday. 159,739 shares of the company’s stock were exchanged, compared to its average volume of 357,883. The company has a current ratio of 0.43, a quick ratio of 0.04 and a debt-to-equity ratio of 63.59. InterRent Real Estate Investment Trust has a 1 year low of C$11.43 and a 1 year high of C$14.50. The firm’s fifty day moving average is C$12.68 and its 200 day moving average is C$12.53. The company has a market capitalization of C$1.90 billion, a price-to-earnings ratio of -641.00 and a beta of 1.14.

About InterRent Real Estate Investment Trust

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.