InterRent REIT

New study by ReduceMyExcess reveals 54% of car hires are nightmare experience for customers

Retrieved on:

Friday, December 1, 2023

Collection, InterRent REIT, Lithium, Car rental

LONDON, Dec. 1, 2023 /PRNewswire/ -- An independent study which combined more than 3700 reviews of car hire companies with a survey of 570 recent car hire customers uncovers widespread dissatisfaction with the car hire industry.

Key Points:

LONDON, Dec. 1, 2023 /PRNewswire/ -- An independent study which combined more than 3700 reviews of car hire companies with a survey of 570 recent car hire customers uncovers widespread dissatisfaction with the car hire industry.
The study, conducted by ReduceMyExcess , revealed 54% of recent car hire customers expressed they had an overall negative experience with their chosen car hire company.
Car hire companies on average saw 34% of all customer reviews express a negative experience (those leaving star ratings less than three out of five).
We know that a majority of car hire customers feel they are treated badly by hire companies.

InterRent REIT Reports 15% Same Property NOI Growth and Accelerated NOI Margin Expansion in Q2 2023

Retrieved on:

Wednesday, August 2, 2023

REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, InterRent REIT, Attention, AMR, LRT, Parliament, FFO, CMHC, GBV, Webcast, NOI, Growth, Bank, Real estate, Q2

As of June 30, 2023, InterRent had proportionate ownership in 12,709 suites, up 1.1% from 12,573 as of June 2022.

Key Points:

As of June 30, 2023, InterRent had proportionate ownership in 12,709 suites, up 1.1% from 12,573 as of June 2022.
Including properties that the REIT owns in its joint ventures, InterRent owned or managed 13,860 suites at June 30, 2023.
At 95.4%, the June 2023 occupancy rate in InterRent’s same property and total portfolios improved 30 bps over June 2022.
NOI margin expansion for the overall portfolio and same property portfolio both accelerated to 300 basis points, reaching 66.3% during the quarter.

CAPREIT Applauds Premier Eby’s Rental Protection Fund

Retrieved on:

Thursday, January 19, 2023

InterRent REIT, Canadian Housing and Renewal Association, Boardwalk Real Estate Investment Trust, Housing, TSX, Minto, Partnership, Housing Corporation, Organization, Policy, CAPREIT, Acquisition, Property management, Real estate

OTTAWA, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX: CAR.UN) enthusiastically welcomes British Columbia Premier David Eby’s announcement of a $500 million Rental Protection Fund.

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OTTAWA, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX: CAR.UN) enthusiastically welcomes British Columbia Premier David Eby’s announcement of a $500 million Rental Protection Fund.
The fund will provide non-profit housing organizations with one-time capital grants so they can purchase affordable residential rental buildings to preserve affordability of those rental units for the longer term.
The British Columbia government expects the fund to protect thousands of affordable housing units throughout the province.
“CAPREIT is focused on providing new rental housing supply to British Columbia and Canadian families, supporting the building of new homes our growing country needs.

Five Major Residential Rental REITs launch ForAffordable.ca

Retrieved on:

Monday, November 14, 2022

OTTAWA, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Canadas five (5) largest residential rental real estate investments trusts (REITs) announce the launch of ForAffordable.ca, a new website from Canadian rental housing providers that sets out the facts on how residential REITs operate in Canadas rental market, as well as their ideas for helping to solve Canadas housing supply and affordability crisis.

Key Points:

OTTAWA, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Canadas five (5) largest residential rental real estate investments trusts (REITs) announce the launch of ForAffordable.ca, a new website from Canadian rental housing providers that sets out the facts on how residential REITs operate in Canadas rental market, as well as their ideas for helping to solve Canadas housing supply and affordability crisis.
ForAffordable.ca has been developed by Canadian rental housing providers for affordable housing, which is made up of Canadas five largest publicly traded residential rental REITs: Canadian Apartment Properties REIT (CAPREIT), Boardwalk REIT, Killam Apartment REIT, InterRent REIT and Minto Apartment REIT.
Canadian residential rental REITs deeply understand that housing is first and foremost about people.
Increasing taxes on residential rental REITs would weaken the supply of affordable housing
As owners and managers of affordable rental units in Canada, residential rental REITs also have insight into what is needed to deliver the housing Canada needs and the homes Canadians want.

InterRent REIT Announces Timing of Second Quarter 2022 Results and Conference Call

Retrieved on:

Wednesday, July 13, 2022

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InterRent Real Estate Investment Trust (TSX-IIP.UN) (InterRent) announced today that it will release its 2022 second quarter financial results before the market opens on Tuesday, August 9, 2022.

Key Points:

InterRent Real Estate Investment Trust (TSX-IIP.UN) (InterRent) announced today that it will release its 2022 second quarter financial results before the market opens on Tuesday, August 9, 2022.
Management will host a conference call and webcast to speak to these results on Tuesday, August 9, 2022 at 10:00 AM EDT.
The dial-in numbers for the conference call are 1-888-886-7786 (toll free) and 416-764-8658 (international).
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.

InterRent REIT Announces Changes to Senior Leadership

Retrieved on:

Tuesday, April 26, 2022

InterRent Real Estate Investment Trust (TSX-IIP.UN) (InterRent) announced today changes to its senior leadership and Board of Trustees (the Board).

Key Points:

InterRent Real Estate Investment Trust (TSX-IIP.UN) (InterRent) announced today changes to its senior leadership and Board of Trustees (the Board).
Under his leadership, the company has flourished to nearly 500 Team members and now provides homes to more than 13,000 households across Canada.
During his time with InterRent, Brad has explored all facets of the business and has spent a significant amount of time immersed in the operations of the REIT.
"In his 12 years of serving InterRent, Mike has displayed his passion for providing homes for Canadians and building stronger communities.

InterRent Announces Timing of First Quarter 2021 Results and Conference Call

Retrieved on:

Tuesday, April 13, 2021

Residential Building & Real Estate, Construction & Property, REIT, Real estate investment trust, InterRent REIT, Economy of Canada

b"InterRent Real Estate Investment Trust (TSX-IIP.UN) (\xe2\x80\x9cInterRent\xe2\x80\x9d) announced today that it will release its 2021 first quarter financial results before the market opens on May 11, 2021.

Key Points:

b"InterRent Real Estate Investment Trust (TSX-IIP.UN) (\xe2\x80\x9cInterRent\xe2\x80\x9d) announced today that it will release its 2021 first quarter financial results before the market opens on May 11, 2021.
Management will also host a conference call and webcast to speak to these results at 10:00 AM EST on May 11, 2021.\nThe telephone numbers for the conference call are 844-539-0205 (toll free) 236-714-3164 (international).
No access code required.\nThe webcast will be accessible at: https://www.interrentreit.com/2021-q1-results .\nInterRent 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.\nInterRent'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.\nInterRent'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.\nThe TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210412005992/en/\n"

InterRent Announces November 2020 Distributions

Retrieved on:

Friday, November 13, 2020

InterRent Real Estate Investment Trust (TSX-IIP.UN) (InterRent) announced today that its distribution declared for the month of November 2020 is $0.027125 per Trust unit, equal to $0.3255 per Trust unit on an annualized basis.

Key Points:

InterRent Real Estate Investment Trust (TSX-IIP.UN) (InterRent) announced today that its distribution declared for the month of November 2020 is $0.027125 per Trust unit, equal to $0.3255 per Trust unit on an annualized basis.
As previously announced, the trustees decided to increase the amount of future distributions as a result of InterRents portfolio demonstrating strong sustainable results.
This months distribution represents a 5% increase over the previous 2020 monthly distributions.
Payment will be made on or about December 15, 2020 to unitholders of record on November 30, 2020.