01:40:18 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



InterRent Real Estate Investment Trust
Symbol IIP
Shares Issued 140,281,438
Close 2022-04-05 C$ 15.14
Market Cap C$ 2,123,860,971
Recent Sedar Documents

Globe says InterRent added to iA Cap's "Top Pick" list

2022-04-05 08:48 ET - In the News

The Globe and Mail reports in its Tuesday, April 5, edition that iA Capital Markets has added the real estate sector to its "2022 Top Picks" list for this quarter. The Globe's David Leeder writes in the Eye On Equities column that iA Capital analyst Johann Rodrigues added InterRent REIT to the list. He rates InterRent "buy," with a $20 unit target. Analysts on average target the units at $20. Mr. Rodrigues says in a note: "With best-in-class growth, an aligned management team that is among the best operators in Canada, and a portfolio heavily geared towards the hottest rental markets in Canada (85 per cent in the GTA/Ottawa/Montreal/Vancouver), we think InterRent is poised to enjoy a strong rest of 2022 and thus are making it our 'Top Pick.'" The Globe reported on Aug. 11, 2021, and March 10, 2022, that Desjardins Securities analyst Michael Markidis had reiterated his "buy" call for InterRent when the units could be had for $17.42 and $16.47. The Globe's Number Cruncher column recommended InterRent on Sept. 2, 2021, when it was worth $17.68. The Globe reported on March 29 that iA Capital maintained InterRent at "buy." It said the REIT was a "must-own name." The units could then be had for $16.45.

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