InterRent REIT (TSE:IIP) Expected to Earn FY2022 Earnings of $0.56 Per Share

InterRent REIT (TSE:IIPGet Rating) – Research analysts at Raymond James reduced their FY2022 earnings estimates for InterRent REIT in a research note issued to investors on Wednesday, May 11th. Raymond James analyst B. Sturges now forecasts that the company will earn $0.56 per share for the year, down from their previous forecast of $0.57. Raymond James also issued estimates for InterRent REIT’s Q4 2022 earnings at $0.14 EPS, Q2 2023 earnings at $0.15 EPS, Q3 2023 earnings at $0.15 EPS, Q4 2023 earnings at $0.15 EPS and FY2023 earnings at $0.59 EPS.

InterRent REIT (TSE:IIPGet Rating) last issued its earnings results on Tuesday, March 8th. The company reported C$0.70 earnings per share for the quarter, topping the consensus estimate of C$0.13 by C$0.57. The company had revenue of C$50.27 million during the quarter.

InterRent REIT has a 1 year low of C$7.31 and a 1 year high of C$10.19.

The firm also recently declared a monthly dividend, which will be paid on Monday, May 16th. Investors of record on Saturday, April 30th will be issued a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Thursday, April 28th.

InterRent REIT Company Profile (Get Rating)

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).

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Earnings History and Estimates for InterRent REIT (TSE:IIP)

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