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InterRent Real Estate Investment Trust

#5137

Rank

$1.2B

Marketcap

CA Canada

Country

InterRent Real Estate Investment Trust
Leadership team

Mr. Michael Darryl McGahan (Exec. Chairman)

Mr. Bradley Cutsey C.F.A. (Pres, CEO & Director)

Mr. Curt Millar C.A., CPA, CA, CPA (Chief Financial Officer)

Products/ Services
Real Estate
Number of Employees
100 - 500
Headquarters
Ottawa, Ontario, Canada
Established
2006
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
IIP-UN.TO
Overview
Location
Summary
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'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.
History

InterRent REIT was established on April 2, 2007. The REIT has acquired or developed over 15,000 residential suites, in over 50 rental housing properties and student residences in Canada, since it first went public on the TSX in June 2009.

Mission
InterRent’s mission is to provide middle-income Canadians with affordable quality residential accommodation and to deliver unitholders a reliable and secure source of income.
Vision
InterRent’s vision is to be recognized as the leader in delivering value to middle-income Canadians through the ownership, management and development of attractive rental properties where residents are proud to call home.
Key Team

Mr. Dave Nevins C.P.M. (Chief Operating Officer)

Mr. Asad Hanif (VP of Acquisitions)

Mr. Chris Willoughby (VP of Marketing)

Mr. Will Chan (Chief Information Officer)

Ms. Catherine Hebert (Chief Talent Officer)

Ms. Sandy Rose C.F.A. (Director of Investor Relations & Sustainability)

Recognition and Awards
InterRent has been the recipient of several awards over the years, including the 2019 Best Real Estate Investment Trust Award by the Real Estate Investment Network and the Best Company Award by the Canadian Financial Business Magazine in 2018.
References

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InterRent Real Estate Investment Trust
Leadership team

Mr. Michael Darryl McGahan (Exec. Chairman)

Mr. Bradley Cutsey C.F.A. (Pres, CEO & Director)

Mr. Curt Millar C.A., CPA, CA, CPA (Chief Financial Officer)

Products/ Services
Real Estate
Number of Employees
100 - 500
Headquarters
Ottawa, Ontario, Canada
Established
2006
Net Income
100M - 500M
Revenue
100M - 500M
Traded as
IIP-UN.TO