An anonymous trustee reports
INTERRENT REIT ANNOUNCES MAY 2023 DISTRIBUTIONS
InterRent Real Estate Investment Trust has declared a distribution for the month of May, 2023, of three cents per trust unit, equal to 36 cents per trust unit on an annualized basis. Payment will be made on or about June 15, 2023, to unitholders of record on May 31, 2023.
About InterRent Real Estate Investment Trust
InterRent 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 multiresidential 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.
InterRent's primary objectives are to use the proven industry experience of the trustees, management and operational team to: (i) to grow both funds from operations per unit and net asset value per unit through investments in a diversified portfolio of multiresidential properties; (ii) to provide unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.
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