FY2024 EPS Estimates for InterRent REIT Lowered by Analyst

InterRent REIT (TSE:IIP) – Equities research analysts at National Bank Financial dropped their FY2024 earnings per share estimates for shares of InterRent REIT in a research report issued on Tuesday, November 5th. National Bank Financial analyst M. Kornack now anticipates that the company will post earnings per share of $0.61 for the year, down from their prior forecast of $0.62. National Bank Financial also issued estimates for InterRent REIT’s FY2025 earnings at $0.66 EPS.

InterRent REIT (TSE:IIP) last released its earnings results on Tuesday, August 6th. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.17). The company had revenue of C$61.44 million for the quarter.

Separately, Raymond James downgraded shares of InterRent REIT from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday.

InterRent REIT Price Performance

InterRent REIT has a 12 month low of C$7.31 and a 12 month high of C$10.19.

InterRent REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.032 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.38 annualized dividend and a dividend yield of ∞.

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).