06:32:22 EST Sat 09 Dec 2023
Enter Symbol
or Name

InterRent Real Estate Investment Trust
Symbol IIP
Shares Issued 141,132,908
Close 2022-09-29 C$ 11.12
Recent Sedar Documents

Globe says Dream Ind, others offer safety and value

2022-09-29 08:18 ET - In the News

See In the News (C-DIR) Dream Industrial Real Estate Investment Trust

The Globe and Mail reports in its Thursday edition that the Teranet-National Bank Composite House Price Index just posted its biggest month-over-month decline since its inception in 1999. The Globe's guest columnist Sean Pugliese writes in the Number Cruncher column that rising interest rates, remote working, on-line ordering/shopping, COVID-19, supply chain issues and more have created headwinds across the real estate sector. For this column, Mr. Pugliese, along with his colleague Allan Meyer, took a contrarian approach and analyzed the sector using their investment philosophy focused on safety and value in hopes of finding some bargains. They looked at both real estate corporations and real estate investment trusts that hold a variety of real estate types such as commercial, office, residential and industrial. They only considered companies trading in Toronto with a market capitalization of $1-billion or more. Mr. Pugliese and Mr. Meyer considered such things as the occupancy rate or the percentage of rented spaces compared with available space, along with other criteria. Some of their recommended picks are Dream Industrial REIT, Northwest Healthcare Properties REIT, Boardwalk REIT, CT REIT and InterRent REIT.

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