What is Cormark’s Forecast for InterRent REIT Q4 Earnings?

InterRent REIT (TSE:IIP) – Stock analysts at Cormark upped their Q4 2024 earnings per share (EPS) estimates for shares of InterRent REIT in a research report issued to clients and investors on Wednesday, November 6th. Cormark analyst S. Srinivas now forecasts that the company will post earnings per share of $0.16 for the quarter, up from their prior estimate of $0.15. Cormark also issued estimates for InterRent REIT’s Q1 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.17 EPS, Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.18 EPS and FY2026 earnings at $0.70 EPS.

InterRent REIT (TSE:IIP) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.17). The company had revenue of C$61.44 million for the quarter.

Separately, Raymond James downgraded InterRent REIT from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday.

InterRent REIT Stock Performance

InterRent REIT has a fifty-two week low of C$7.31 and a fifty-two week high of C$10.19.

InterRent REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.032 dividend. This represents a $0.38 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Thursday, October 31st.

About InterRent REIT

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).