Raymond James Forecasts Stronger Earnings for InterRent REIT

InterRent REIT (TSE:IIP) – Raymond James increased their Q4 2024 earnings estimates for shares of InterRent REIT in a research report issued on Tuesday, February 4th. Raymond James analyst B. Sturges now expects that the company will earn $0.16 per share for the quarter, up from their prior forecast of $0.15. Raymond James has a “Moderate Buy” rating on the stock.

Separately, TD Securities raised InterRent REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 6th.

InterRent REIT Stock Performance

InterRent REIT has a 12 month low of C$7.31 and a 12 month high of C$10.19.

InterRent REIT (TSE:IIP) last issued its earnings results on Monday, November 4th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.66). During the same period last year, the business earned $0.15 earnings per share.

InterRent REIT Company Profile

InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).