FY2024 EPS Forecast for InterRent REIT Lowered by Analyst

InterRent REIT (TSE:IIP) – Equities researchers at Raymond James dropped their FY2024 earnings estimates for InterRent REIT in a note issued to investors on Tuesday, November 5th. Raymond James analyst B. Sturges now anticipates that the company will post earnings per share of $0.61 for the year, down from their prior estimate of $0.62. Raymond James has a “Moderate Buy” rating on the stock. Raymond James also issued estimates for InterRent REIT’s Q1 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.67 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.19 EPS and FY2026 earnings at $0.74 EPS.

InterRent REIT Price Performance

InterRent REIT has a one year low of C$7.31 and a one year high of C$10.19.

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

InterRent REIT Announces Dividend

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

InterRent REIT Company Profile

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).