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OTTAWA, Ontario — InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent“) announced today that its declared distribution for the month of September 2022 is $0.0285 per Trust Unit, equivalent to $0.3420 per Trust Unit on an annualized basis. Payment will be made on or about October 17, 2022, to participants registered on September 30, 2022.
About InterRent
InterRent REIT is a growth-oriented real estate investment trust dedicated to increasing shareholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.
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InterRent’s strategy is to expand its portfolio primarily within markets that have presented stable vacancies, sufficient available suites to achieve the critical mass needed to implement an efficient portfolio management structure and provide opportunities for incremental acquisitions.
The main objectives of InterRent are to use the demonstrated experience in the sector of the Patrons, the Management and the Operating Team to: (i) grow both the operating funds per unit and the net asset value per unit through investments in a diversified portfolio of multi-residential properties; (ii) provide unitholders with sustainable and growing cash distributions payable monthly; and (iii) maintain a conservative payout ratio and balance sheet.
TThe Toronto Stock Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this publication.
View the source version at businesswire.com: https://www.businesswire.com/news/home/20220916005011/ca/
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