Advertisement
Canada markets open in 4 minutes
  • S&P/TSX

    21,823.22
    +94.67 (+0.44%)
     
  • S&P 500

    5,064.20
    +45.81 (+0.91%)
     
  • DOW

    38,225.66
    +322.37 (+0.85%)
     
  • CAD/USD

    0.7337
    +0.0024 (+0.32%)
     
  • CRUDE OIL

    78.90
    -0.05 (-0.06%)
     
  • Bitcoin CAD

    83,301.94
    +3,192.34 (+3.98%)
     
  • CMC Crypto 200

    1,316.04
    +39.06 (+3.06%)
     
  • GOLD FUTURES

    2,313.50
    +3.90 (+0.17%)
     
  • RUSSELL 2000

    2,016.11
    +35.88 (+1.81%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ futures

    17,928.50
    +278.75 (+1.58%)
     
  • VOLATILITY

    13.82
    -0.86 (-5.86%)
     
  • FTSE

    8,220.78
    +48.63 (+0.60%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • CAD/EUR

    0.6798
    -0.0019 (-0.28%)
     

INTERRENT REIT ANNOUNCES APRIL 2024 DISTRIBUTIONS

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

OTTAWA, ON, April 16, 2024 /CNW/ - InterRent Real Estate Investment Trust (TSX: IIP.UN) ("InterRent") announced today that its distribution declared for the month of April 2024 is $0.0315 per Trust unit, equal to $0.3780 per Trust unit on an annualized basis. Payment will be made on or about May 15, 2024, to unitholders of record on April 30, 2024.

InterRent Real Estate Investment Trust Logo (CNW Group/InterRent Real Estate Investment Trust)
InterRent Real Estate Investment Trust Logo (CNW Group/InterRent Real Estate Investment Trust)

ABOUT INTERRENT

InterRent REIT 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 multi-residential properties.

ADVERTISEMENT

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 multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

www.irent.com

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE InterRent Real Estate Investment Trust

Cision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/16/c5480.html