The Trust is a growth-oriented real estate investment trust engaged in increasing Unitholder value through the acquisition, ownership, management and repositioning of strategically located, income producing, multi-residential properties.
The Trust’s primary objectives are:
- to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties;
- to provide Unitholders with sustainable and growing cash distributions, payable monthly; and
- to maintain a conservative payout ratio and balance sheet
InterRent REIT owns and manages a high-quality portfolio of over 10,000 suites across 15 cities in Ontario and Quebec.
InterRent REIT owns and manages a high-quality portfolio of over 9,000 suites across 15 cities in Ontario and Quebec.
COMPANY HISTORY
October 10, 2006
InterRent REIT was formed as an unincorporated open-ended real estate investment trust.
September 3, 2009
InterRent REIT closes $14 Million private placement with CLV Group at $1.50 per unit
September 30, 2009
The board of trustees appoints Mike McGahan as CEO and CLV Group becomes the property manager for InterRent REIT’s portfolio
January 5, 2012
InterRent expands into Quebec with an acquisition in Gatineau
August 1, 2012
InterRent announces a 33% increase in the monthly distribution (from $0.12 to $0.16 on an annual basis)
May 13, 2013
InterRent announces a 25% increase in the monthly distribution (from $0.16 to $0.20 on an annual basis)
November 10, 2014
InterRent announces a 10% increase in the monthly distribution (from $0.20 to $0.22 on an annual basis)
June 30, 2015
InterRent surpasses $1 Billion in assets
November 12, 2015
InterRent announces a 5% increase in the monthly distribution (from $0.22 to $0.231 on an annual basis)
November 7, 2016
InterRent announces a 5% increase in the monthly distribution (from $0.231 to $0.243 on an annual basis and more than double the annual distribution of $0.12 five years prior)
November 14, 2017
InterRent announces an 11% increase in the monthly distribution (from $0.243 to $0.27 on an annual basis)
February 15, 2018
InterRent REIT fully internalizes management
Sept 14, 2018
InterRent REIT is included in the S&P/TSX Composite Index representing the largest companies listed on the Toronto Stock Exchange
September 30, 2018
InterRent surpasses $2 Billion in assets
October 30, 2018
InterRent announces a 7% increase in the monthly distribution (from $0.27 to $0.29 on an annual basis)
November 4, 2019
InterRent announces a 6.9% increase in the monthly distribution (from $0.29 to $0.31 on an annual basis)
InterRent REIT has increased the distribution by over 5% annually
for the past eight consecutive years.
We believe that how we do our work is as important as what we do.
Our values guide our actions and together, these demonstrate to our customers who we are.
QUALITY
Investing in our properties to ensure safe, clean and high-quality homes for our residents.
INTEGRITY
Inspiring trust by saying what we mean, acting honestly and taking responsibility for our actions.
STRONG TEAMS AND COMMUNITIES
Encouraging and working with our teams to give back to our customers and communities through sustainable programs and philanthropic efforts.
RESPECT
Showing, as well as having respect for our residents, suppliers, Unitholders and communities while maintaining an environment of teamwork and growth.
SERVICE EXCELLENCE
Continuously building on our accomplishments and setting best in class standards within our industry.
