InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) Shares Down 0.8% – What’s Next?

Shares of InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) dropped 0.8% during trading on Friday . The stock traded as low as $9.4235 and last traded at $9.4235. Approximately -4,806 shares traded hands during trading, a decline of 169% from the average daily volume of 6,949 shares. The stock had previously closed at $9.50.

InterRent Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market cap of $1.32 billion, a P/E ratio of -18.48 and a beta of 0.90. The firm’s fifty day moving average is $9.49 and its two-hundred day moving average is $9.66.

InterRent Real Estate Investment Trust (OTCMKTS:IIPZF) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter. InterRent Real Estate Investment Trust had a negative return on equity of 4.53% and a negative net margin of 42.31%.The business had revenue of $45.31 million for the quarter.

About InterRent Real Estate Investment Trust

InterRent Real Estate Investment Trust is a Canadian unincorporated, open-ended real estate investment trust specializing in the acquisition, ownership and management of multi-family residential properties. Its portfolio consists predominantly of mid-rise apartment buildings and townhouse complexes, and the trust emphasizes value-added opportunities by implementing targeted capital upgrades and operational enhancements. InterRent’s in-house property management services cover leasing, maintenance and tenant relations, driving occupancy and rental income growth across its assets.

Headquartered in Ottawa, InterRent REIT maintains a diversified portfolio across key urban and suburban markets in Ontario and Quebec, including Ottawa–Gatineau, Kingston, London and the Outaouais region.