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OTTAWA, Ontario--(BUSINESS WIRE)--Sep 16, 2022--
InterRent Real Estate Investment Trust (TSX-IIP.UN) (“ InterRent ”) announced today that its distribution declared for the month of September 2022 is $0.0285 per Trust unit, equal to $0.3420 per Trust unit on an annualized basis. Payment will be made on or about October 17, 2022, to unitholders of record on September 30, 2022.
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.
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.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com:https://www.businesswire.com/news/home/20220916005011/en/
CONTACT: For further information:
Investor Relations
investorinfo@interrentreit.com
www.interrentreit.com
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: REIT FINANCE PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY
SOURCE: InterRent Real Estate Investment Trust
Copyright Business Wire 2022.
PUB: 09/16/2022 10:00 AM/DISC: 09/16/2022 10:03 AM
http://www.businesswire.com/news/home/20220916005011/en