Moving Our Communities Forward

INTERRENT REIT 2021 ANNUAL REPORT

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A WORD FROM OUR CEO

As we all know, 2021 was another challenging year for our communities and for the world in general. If 2020 came as a complete surprise with an unprecedented global event, 2021 in many respects felt like a year where things just seemed a bit stuck. As much as the world tried to break away from the COVID-19 pandemic, new variants caused case spikes and new restrictions that pulled us right back into March of 2020. And yet, 2021 for the REIT felt like a year in which we made more forward progress than ever before.

We moved the business forward in very big and tangible ways including significant portfolio growth with our entry into British Columbia and Toronto’s downtown core, as well as a record amount of over $1 million raised for various community partners through our Mike McCann Charity Golf Tournament. But we also moved the business forward in more subtle but equally important ways; through technology advances that will set us up for future success and through an influx of incredible talent and expertise in new areas that will continue to form the foundation of our winning formula for years to come. Our Team has never been stronger, we have a much deeper Team with the right people and the right platform to deliver service excellence to the nearly 13,000 households that call an InterRent community home.

I would like to thank all our stakeholders for your continued support. We have endured the pandemic as individuals, each of us experiencing its effects in a uniquely personal way. In 2021, we decided to focus on our future after COVID-19 and we saw how powerful the combination of being back together and being bold could be. We will continue to harness the spirit of innovation, invention, and collaboration to move our communities forward. We are excited for what’s to come, and we look forward to sharing our progress with you along the way.

MIKE MCGAHAN

A WORD FROM OUR CEO

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As we all know, 2021 was another challenging year for our communities and for the world in general. If 2020 came as a complete surprise with an unprecedented global event, 2021 in many respects felt like a year where things just seemed a bit stuck. As much as the world tried to break away from the COVID-19 pandemic, new variants caused case spikes and new restrictions that pulled us right back into March of 2020. And yet, 2021 for the REIT felt like a year in which we made more forward progress than ever before.

We moved the business forward in very big and tangible ways including significant portfolio growth with our entry into British Columbia and Toronto’s downtown core, as well as a record amount of over $1 million raised for various community partners through our Mike McCann Charity Golf Tournament. But we also moved the business forward in more subtle but equally important ways; through technology advances that will set us up for future success and through an influx of incredible talent and expertise in new areas that will continue to form the foundation of our winning formula for years to come. Our Team has never been stronger, we have a much deeper Team with the right people and the right platform to deliver service excellence to the nearly 13,000 households that call an InterRent community home.

I would like to thank all our stakeholders for your continued support. We have endured the pandemic as individuals, each of us experiencing its effects in a uniquely personal way. In 2021, we decided to focus on our future after COVID-19 and we saw how powerful the combination of being back together and being bold could be. We will continue to harness the spirit of innovation, invention, and collaboration to move our communities forward. We are excited for what’s to come, and we look forward to sharing our progress with you along the way.

MIKE MCGAHAN
A Year of Progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

A YEAR OF PROGRESS

"We are committed to advancing in our diversity, equity and inclusion journey and we experienced some majestic steps together in 2021, as a Team"

December 2021 occupancy; a 430 bps improvement over 2020 as we welcomed home domestic students and young professionals throughout the year.

1 of 7
The number of suites acquired in 2021 as we closed on transactions valued at $727 million, which offers us tremendous value creation potential in the years ahead. 2 of 7 Funds from Operations (FFO) generated in 2021; a 15.8% increase over 2020 and resulting in growing FFO per unit (diluted) to $0.51. 3 of 7

Total operating revenue growth in 2021, supported by a record acquisition year and leading to overall net operating income growth of 15.2%.

4 of 7

Number of community partners across Canada we supported through funds raised during the 2021 Mike McCann Charity Golf Tournament.

5 of 7
Distribution increase approved in 2021, underpinned by strong operating performance and marking the 10th consecutive year of growing our distribution by 5% or more. 6 of 7 Weighted average interest rate as of December 31, 2021; a further 18 bps reduction during the year and matched by a rock-solid balance sheet that offers flexibility and peace of mind. 7 of 7

A YEAR OF PROGRESS

"We are committed to advancing in our diversity, equity and inclusion journey and we experienced some majestic steps together in 2021, as a Team"

December 2021 occupancy; a 430 bps improvement over 2020 as we welcomed home domestic students and young professionals throughout the year.

1 of 7
The number of suites acquired in 2021 as we closed on transactions valued at $727 million, which offers us tremendous value creation potential in the years ahead. 2 of 7 Funds from Operations (FFO) generated in 2021; a 15.8% increase over 2020 and resulting in growing FFO per unit (diluted) to $0.51. 3 of 7

Total operating revenue growth in 2021, supported by a record acquisition year and leading to overall net operating income growth of 15.2%.

4 of 7

Number of community partners across Canada we supported through funds raised during the 2021 Mike McCann Charity Golf Tournament.

5 of 7
Distribution increase approved in 2021, underpinned by strong operating performance and marking the 10th consecutive year of growing our distribution by 5% or more. 6 of 7 Weighted average interest rate as of December 31, 2021; a further 18 bps reduction during the year and matched by a rock-solid balance sheet that offers flexibility and peace of mind. 7 of 7
A Year of Progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

OUR INNOVATION RECIPE

Innovation is not about technology. It's about a collective desire on the part of our incredible Team to constantly strive to find new ways to improve the way we serve our residents and engage with our various stakeholders.

MIKE MCGAHAN

Chief Executive Officer, Trustee - Joined in 2009 - It's our Team that moves me forward, everyone works together to get the job done.
"I love being with my Family at home and at work."

BRAD CUTSEY

President - Joined in 2015 - Always searching for ways to deliver the ultimate customer and team member experience. This starts with living and operating by the Platinum Rule.
"Have a French Bulldog named Doris and she is the ultimate Leafs, Raptors, Blue Jays and Cowboys fan!"

CURT MILLAR

Chief Financial Officer - Joined in 2010 - Helping to understand interconnections between systems and champion change/user adoption..
"I can find the humor in almost anything any situation (even when I probably shouldn’t)."

CHRIS WILLLOUGHBY

VP Marketing - Joined in 2019 - Leading our Digital Transformation.
"I’m an American, Canadian and Mexican citizen"

DAVE NEVINS

Chief Operating Officer - Joined in 2009 - Technology, innovation and training to help create the ultimate resident and team member experience.
"I don’t like potatoes…not even French fries"

ROBERT JARRETT

General Manager - Joined in 2018 - Administer Insurance Claims, Tax Assessment Appeals, serves as a Privacy Officer, Manage Payroll Team.
"I enjoy watching, playing hockey. Anytime…All the time!"

WILL CHAN

Chief Information Officer - Joined in 2009 - We work with other departments to solve business challenges with technological solutions.
"My favourite hobby is travelling to eat"

CATHERINE HÉBERT

Chief Talent Officer - Joined in 2021 - Preparing and supporting our leaders to meet our growth strategy and promoting and facilitating a positive employee experience.
"I may have a few years behind me but I can still rock my rollerskates"

CRAIG STEWART

VP Finance - Joined in 2012 - Being a facilitator and champion of operational and financial innovations and being a link between all stakeholders and finance.
"I sit on the board of directors for the Ottawa Dragon Boat Festival and Foundation and you'll find me hanging out by the water all-year long."

ASAD HANIF

VP Acquisitions - Joined in 2021 - Overseeing acquisitions to execute our growth strategy.
"I enjoy running"

We are a passionate group of individuals who work as a team, and are encouraged to use our voice to share ideas and solutions to provide high quality customer care and to have a positive impact in our communities.

Listen to the story of Stephanie, one of our Community Leasing Agents, to understand why we think our culture sets us apart.

When you think about real estate, innovation is probably not the first word that comes to mind. Our asset class tends to conjure up connotations like ‘predictable’, ‘passive’, even ‘boring’. We disagree. There is a quiet revolution happening behind our bricks and mortar and its drumbeat is moving us forward. We are seeing the spirit of innovation energize our Team and propel our service excellence to surprise and delight our residents.

Our mission is to treat each team member with professionalism, integrity and respect while supporting the individual needs of each to grow. By doing this, we believe each team member will in turn treat each customer, supplier and stakeholder the same way.

Guided by our values and driven by our leaders’ expertise and the strength of our culture, we are confident we have the right mix of ingredients to create value for our Unitholders and deliver a sustainable and growing distribution. We love what we do and our appetite to continuously improve is insatiable.

OUR INNOVATION RECIPE

Innovation is not about technology. It's about a collective desire on the part of our incredible Team to constantly strive to find new ways to improve the way we serve our residents and engage with our various stakeholders.

MIKE MCGAHAN

Chief Executive Officer, Trustee

Joined in 2019 - It's our Team that moves me forward,

everyone works together to get the job done.

"I love being with my Family at home and at work."

BRAD CUTSEY

President

Joined in 2015 - Always searching for ways to

deliver the ultimate customer and team

member experience. This starts with living and

operating by the Platinum Rule.

"Have a French Bulldog named Doris and she is the ultimate Leafs, Raptors,

Blue Jays and Cowboys fan!"

QUALITY

QUALITY

Investing in our properties to ensure safe,

clean and high-quality homes for our residents.

CURT MILLAR

Chief Financial Officer

Joined in 2010 - Helping to understand interconnections

between systems and champion change/user adoption.

"I can find the humor in almost anything

any situation (even when I probably shouldn’t)."

INTEGRITY

INTEGRITY

Inspiring trust by saying what we mean, acting honestly
and taking responsibility for our actions.

CHRIS WILLLOUGHBY

VP Marketing

Joined in 2019 - Leading our Digital Transformation.

"I’m an American, Canadian and Mexican citizen"

DAVE NEVINS

Chief Operating Officer

Joined in 2009 - Technology, innovation and training

to help create the ultimate resident and team

member experience.

"I don’t like potatoes…not even French fries"

STRONG TEAMS AND COMMUNITIES

STRONG TEAMS AND COMMUNITIES

Encouraging and working with our teams to give back

to our customers and communities through sustainable

programs and philanthropic efforts.

ROBERT JARRETT

General Manager

Joined in 2018 - Administer Insurance Claims, Tax

Assessment Appeals, serves as a Privacy Officer,

Manage Payroll Team.

"I enjoy watching, playing hockey. Anytime…All the time!"

RESPECT

RESPECT

Showing, as well as having respect for our residents,

suppliers, Unitholders and communities while maintaining

an environmentof teamwork and growth.

WILL CHAN

Chief Information Officer

Joined in 2009 - We work with other departments to solve

business challenges with technological solutions.

"My favourite hobby is travelling to eat"

CATHERINE HÉBERT

Chief Talent Officer

Joined in 2021 - Preparing and supporting our leaders

to meet our growth strategy and promoting and

facilitating a positive employee experience.

"I may have a few years behind me but

I can still rock my rollerskates"

SERVICE EXCELLENCE

SERVICE EXCELLENCE

Continuously building on our accomplishments and setting
best in class standards within our industry.

CRAIG STEWART

VP Finance

Joined in 2012 - Being a facilitator and champion of

operational and financial innovations and being

a link between all stakeholders and finance.

"I sit on the board of directors for the Ottawa Dragon

Boat Festival and Foundation and you'll find me

hanging out by the water all-year long."

ASAD HANIF

VP Acquisitions

Joined in 2021 - Overseeing acquisitions to

execute our growth strategy.

"I enjoy running"

We are a passionate group of individuals who work as a team, and are encouraged to use our voice to share ideas and solutions to provide high quality customer care and to have a positive impact in our communities.

When you think about real estate, innovation is probably not the first word that comes to mind. Our asset class tends to conjure up connotations like ‘predictable’, ‘passive’, even ‘boring’. We disagree. There is a quiet revolution happening behind our bricks and mortar and its drumbeat is moving us forward. We are seeing the spirit of innovation energize our Team and propel our service excellence to surprise and delight our residents.

Our mission is to treat each team member with professionalism, integrity and respect while supporting the individual needs of each to grow. By doing this, we believe each team member will in turn treat each customer, supplier and stakeholder the same way.

Guided by our values and driven by our leaders’ expertise and the strength of our culture, we are confident we have the right mix of ingredients to create value for our Unitholders and deliver a sustainable and growing distribution. We love what we do and our appetite to continuously improve is insatiable.

Listen to the story of Stephanie, one of our Community Leasing Agents, to understand why we think our culture sets us apart.

OUR INNOVATION RECIPE

Innovation is not about technology. It's about a collective desire on the part of our incredible Team to constantly strive to find new ways to improve the way we serve our residents and engage with our various stakeholders.

We are a passionate group of individuals who work as a team, and are encouraged to use our voice to share ideas and solutions to provide high quality customer care and to have a positive impact in our communities.

When you think about real estate, innovation is probably not the first word that comes to mind. Our asset class tends to conjure up connotations like ‘predictable’, ‘passive’, even ‘boring’. We disagree. There is a quiet revolution happening behind our bricks and mortar and its drumbeat is moving us forward. We are seeing the spirit of innovation energize our Team and propel our service excellence to surprise and delight our residents.

Our mission is to treat each team member with professionalism, integrity and respect while supporting the individual needs of each to grow. By doing this, we believe each team member will in turn treat each customer, supplier and stakeholder the same way.

Guided by our values and driven by our leaders’ expertise and the strength of our culture, we are confident we have the right mix of ingredients to create value for our Unitholders and deliver a sustainable and growing distribution. We love what we do and our appetite to continuously improve is insatiable.

Listen to the story of Stephanie, one of our Community Leasing Agents, to understand why we think our culture sets us apart.

MIKE MCGAHAN

Chief Executive Officer, Trustee

Joined in 2009 - It's our Team that moves me forward,

everyone works together to get the job done.

"I love being with my Family at home and at work."

BRAD CUTSEY

President

Joined in 2015 - Always searching for ways to deliver the ultimate customer and

team member experience. This starts with living and operating by the Platinum Rule.

"Have a French Bulldog named Doris and she is the ultimate Leafs, Raptors, Blue Jays and Cowboys fan!"

QUALITY

QUALITY

Investing in our properties to ensure safe, clean and high-quality homes for our residents.

CURT MILLAR

Chief Financial Officer

Joined in 2010 - Helping to understand interconnections

between systems and champion change/user adoption.

"I can find the humor in almost anything any situation

(even when I probably shouldn’t)."

INTEGRITY

INTEGRITY

Inspiring trust by saying what we mean, acting honestly
and taking responsibility for our actions.

CHRIS WILLLOUGHBY

VP Marketing

Joined in 2019 - Leading our Digital Transformation.

"I’m an American, Canadian and Mexican citizen"

DAVE NEVINS

Chief Operating Officer

Joined in 2009 - Technology, innovation and training to help

create the ultimate resident and team member experience.

"I don’t like potatoes…not even French fries"

STRONG TEAMS AND COMMUNITIES

STRONG TEAMS AND COMMUNITIES

Encouraging and working with our teams to give back to our customers
and communities through sustainable programs and philanthropic efforts.

ROBERT JARRETT

General Manager

Joined in 2018 - Administer Insurance Claims, Tax Assessment Appeals,

serves as a Privacy Officer, Manage Payroll Team.

"I enjoy watching, playing hockey. Anytime…All the time!"

RESPECT

RESPECT

Showing, as well as having respect for our residents, suppliers, Unitholders and
communities while maintaining an environment of teamwork and growth.

WILL CHAN

Chief Information Officer

Joined in 2009 - We work with other departments to solve

business challenges with technological solutions.

"My favourite hobby is travelling to eat"

CATHERINE HÉBERT

Chief Talent Officer

Joined in 2021 - Preparing and supporting our leaders to meet our growth strategy

and promoting and facilitating a positive employee experience.

"I may have a few years behind me but I can still rock my rollerskates"

SERVICE EXCELLENCE

SERVICE EXCELLENCE

Continuously building on our accomplishments and setting
best in class standards within our industry.

CRAIG STEWART

VP Finance

Joined in 2012 - Being a facilitator and champion of operational and financial

innovations and being a link between all stakeholders and finance.

"I sit on the board of directors for the Ottawa Dragon Boat Festival and

Foundation and you'll find me hanging out by the water all-year long."

ASAD HANIF

VP Acquisitions

Joined in 2021 - Overseeing acquisitions to execute our growth strategy.

"I enjoy running"

A Year of Progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

INVESTING IN THE FUTURE

5 reasons to move forward with us

A Year of Progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

a world of opportunities

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Aditi's International Story: When Macro Trends Become Personal

A Year of Progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

OUR STAKEHOLDERS

As a provider of nearly 13,000 homes across Canada, we understand and appreciate the significant role and responsibility we have with respect to our residents. Furthermore, we believe that our role as a responsible provider of homes extends beyond the four walls of our properties to include the communities in which we operate.

“In our actions, we strive to consider and balance the perspectives and expectations of five broad stakeholder groups.”

01.

02.

03.

04.

05.

01.

02.

03.

04.

05.

A Year of Progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

01.

With ongoing pandemic-driven restrictions, our team once again pivoted to make our resident engagement program responsive to changing situations. When government restrictions were toughest, we offered virtual classes on cooking, gardening and mocktail mixology to provide a break from the monotony.
As soon as we saw a window to safely gather, we re-opened amenity spaces backed by our industry leading CLV Clean & Secure+TM program, mobilized ice cream trucks, hosted a rooftop harvest party, and served hot chocolate and cookies to celebrate the holidays.

Meet the community at 10 & 14 Reid Drive in Mississauga

We refer to our properties as communities because that’s how we hope our residents will experience them. But don’t take our word for it, check out this conversation with one of our valued residents, Valerie and our legendary Community Coordinator, Judy, to understand why 10 & 14 Reid Drive is such a special home.

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Bringing innovation right to our residents’ door

Say goodbye to the crackly push button intercoms of the 1970’s and say hello to smarter and safer access. Enjoy a personal tour of our smart building operating system with Nick, one of our amazing property managers in Ottawa.
A Year of Progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

02.

We have been on a tremendous growth path over the last few years and our team is the lifeblood of the company. In 2021, we added to our bench strength through new leadership roles in talent management, acquisitions, pricing and analytics, customer experience, finance, and sustainability.

In the fall, we welcomed our Team back to our regional offices in Ottawa, Montreal, and Oakville on a new hybrid work model. This approach recognizes the benefits in having our Team come together for collaboration, mentoring, and fun events, while also acknowledging that our employees value the flexibility of working from home. We know that working as a team is essential to our success, and we are confident that our operating platform, with our people at its centre, will allow us to remain nimble, creative, and close to our residents, even as we grow.
Play Video

Keeping Pace with a Digital Lifestyle

More and more, the expectations of our stakeholders are fully digital. Listen in as our Chief Information Officer, Will, explains how he’s developing internal capacity to meet that change.

Play Video

Up and Running in Vancouver

We believe that an engaged team is energized, positive, and focused on delivering on our business strategy. Look no further than Aaron, our construction manager in British Columbia, to show you what that means on the ground in Vancouver.

02.

We have been on a tremendous growth path over the last few years and our team is the lifeblood of the company. In 2021, we added to our bench strength through new leadership roles in talent management, acquisitions, pricing and analytics, customer experience, finance, and sustainability.

In the fall, we welcomed our Team back to our regional offices in Ottawa, Montreal, and Oakville on a new hybrid work model. This approach recognizes the benefits in having our Team come together for collaboration, mentoring, and fun events, while also acknowledging that our employees value the flexibility of working from home. We know that working as a team is essential to our success, and we are confident that our operating platform, with our people at its centre, will allow us to remain nimble, creative, and close to our residents, even as we grow.
Play Video

Keeping Pace with a Digital Lifestyle

More and more, the expectations of our stakeholders are fully digital. Listen in as our Chief Information Officer, Will, explains how he’s developing internal capacity to meet that change.

Play Video

Up and Running in Vancouver

We believe that an engaged team is energized, positive, and focused on delivering on our business strategy. Look no further than Aaron, our construction manager in British Columbia, to show you what that means on the ground in Vancouver.

A Year of Progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

03.

Our community partnerships are a key social consideration for our business because our success is intrinsically tied to the health of the neighbourhoods where we are present. Our cornerstone financial initiative to support community partners is our annual Mike McCann Charity Golf Tournament, in collaboration with CLV Group and our business partners across the country.

We also offer all full-time permanent employees time off each year to participate in charitable events and activities that mean the most to them, by way of a paid volunteer day. In 2021, once our community partners were able to safely welcome back volunteers, we organized a holiday blitz that resulted in our Team clocking in more than 300 volunteer hours during just one month.

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More than a million reasons to partner with us

On October 6, 2021, our Mike McCann Charity Golf Tournament welcomed and health-screened 282 golfers, thanked 56 event sponsors, awarded 94 silent auction and 14 live auction prizes, and raised an incredible total of $1,047,925 which was fully deployed back into neighbourhoods that are the heart of our communities.

Moving our neighbourhoods forward in 2021

We believe that the community organizations and agencies in our regions should be able to count on us as a partner, both financially and with our time. Check out how we supported our community partners across our neighbourhoods in 2021.
A Year of Progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

04.

Executing work on the scales required with our repositioning strategy is not possible without partnering with vendors across the country who share our core values of Quality, Integrity, Respect, Service Excellence, Strong Teams and Communities.

In 2021, we developed a Vendor Code of Conduct to reinforce our expectation that every vendor with which we do business demonstrates the same commitment to our values. You can check out the full Vendor Code of Conduct here:

Our vendors truly live our values every day. In September 2021, we reached out to our partners to say that we were going to try to pull off the impossible – organize our annual Mike McCann Charity Golf Tournament charity golf tournament for 280 vaccinated golfers, in just four short weeks, with temperature checks and health screening and a revamped format for registrations and meals to ensure social distancing. Instead of saying we were crazy, they showed up for our communities by raising an incredible record amount of over $1 million.

In large part thanks to the generosity of our vendors, our 2021 golf experience included:

A relationship 10 years strong

Wiring Solutions is a low voltage and security contractor based out of London, Ontario that we have used since the early InterRent REIT days. Founded in 2005, Wiring Solutions was a relatively small outfit when we met them; however, the 5-person team had a good reputation and we liked their collaborative approach, so we took a chance that they could provide the service we needed. Over the last decade, Wiring Solutions has been instrumental in helping us grow our portfolio in Southern Ontario and has been involved in many projects that impact our residents’ everyday experience in our communities. During this time, our two companies have grown together, and we’ve developed a strong relationship based on shared values. Today, Wiring Solutions has grown to 15 employees across 2 locations and they continue to be a trusted partner in moving our communities forward.

04.

Executing work on the scales required with our repositioning strategy is not possible without partnering with vendors across the country who share our core values of Quality, Integrity, Respect, Service Excellence, Strong Teams and Communities.

In 2021, we developed a Vendor Code of Conduct to reinforce our expectation that every vendor with which we do business demonstrates the same commitment to our values. You can check out the full Vendor Code of Conduct here:

Our vendors truly live our values every day. In September 2021, we reached out to our partners to say that we were going to try to pull off the impossible – organize our annual Mike McCann Charity Golf Tournament charity golf tournament for 280 vaccinated golfers, in just four short weeks, with temperature checks and health screening and a revamped format for registrations and meals to ensure social distancing. Instead of saying we were crazy, they showed up for our communities by raising an incredible record amount of over $1 million.

In large part thanks to the generosity of our vendors, our 2021 golf experience included:

A relationship 10 years strong

Wiring Solutions is a low voltage and security contractor based out of London, Ontario that we have used since the early InterRent REIT days. Founded in 2005, Wiring Solutions was a relatively small outfit when we met them; however, the 5-person team had a good reputation and we liked their collaborative approach, so we took a chance that they could provide the service we needed. Over the last decade, Wiring Solutions has been instrumental in helping us grow our portfolio in Southern Ontario and has been involved in many projects that impact our residents’ everyday experience in our communities. During this time, our two companies have grown together, and we’ve developed a strong relationship based on shared values. Today, Wiring Solutions has grown to 15 employees across 2 locations and they continue to be a trusted partner in moving our communities forward.

A Year of Progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

05.

We have always prided ourselves on open dialogue and transparency with the investment community, and 2021 was no exception. Throughout the year, we hosted 124 investor meetings and shared our view on market fundamentals and life at InterRent as panelists during the RealREIT Conference, the Ottawa Real Estate Forum, and Concordia Real Estate Club’s 2021 Conference.
This year we also engaged with several investor associations to better understand Unitholder expectations around climate change and diversity, equity and inclusion. These discussions helped to shape the commitments we unveiled in our inaugural sustainability report and on our new microsite in 2021, and we look forward to sharing our progress update with you later this spring.

Tour with us, chez vous

In the fall of 2021, we hosted institutional investors on property tours of our Greater Toronto & Hamilton Area and Greater Montreal Area communities. We’ve recreated the Montreal experience for all Unitholders, profitez-en!

BOARD OF TRUSTEES

Paul Amirault
Paul Bouzanis
Mike McGahan
John Jussup
Ronald Leslie
Cheryl Pangborn
Our Board of Trustees is the backbone of our strong corporate governance framework. This team evaluates the management of the REIT, oversees our strategic direction, and has an overall responsibility to protect the interest of Unitholders by fostering a culture of integrity and accountability throughout the company.

In this pursuit, in 2021 the Board penned an enhanced Whistleblower policy, approved six corporate climate commitments, and brought innovation to the boardroom with a Board intelligence platform featuring enhanced security and collaboration tools.
Play Video

Great conversations spark new ideas

Spend a moment with Sandy to learn how our Unitholders are moving us forward.

05.

We have always prided ourselves on open dialogue and transparency with the investment community, and 2021 was no exception. Throughout the year, we hosted 124 investor meetings and shared our view on market fundamentals and life at InterRent as panelists during the RealREIT Conference, the Ottawa Real Estate Forum, and Concordia Real Estate Club’s 2021 Conference.
This year we also engaged with several investor associations to better understand Unitholder expectations around climate change and diversity, equity and inclusion. These discussions helped to shape the commitments we unveiled in our inaugural sustainability report and on our new microsite in 2021, and we look forward to sharing our progress update with you later this spring.

Tour with us, chez vous

In the fall of 2021, we hosted institutional investors on property tours of our Greater Toronto & Hamilton Area and Greater Montreal Area communities. We’ve recreated the Montreal experience for all Unitholders, profitez-en!

BOARD OF TRUSTEES

Paul Amirault
Paul Bouzanis
Mike McGahan
John Jussup
Ronald Leslie
Cheryl Pangborn
Our Board of Trustees is the backbone of our strong corporate governance framework. This team evaluates the management of the REIT, oversees our strategic direction, and has an overall responsibility to protect the interest of Unitholders by fostering a culture of integrity and accountability throughout the company.

In this pursuit, in 2021 the Board penned an enhanced Whistleblower policy, approved six corporate climate commitments, and brought innovation to the boardroom with a Board intelligence platform featuring enhanced security and collaboration tools.
Play Video

Great conversations spark new ideas

Spend a moment with Sandy to learn how our Unitholders are moving us forward.

A Year of progress
Our Innovation Recipe
Investing in the Future
A World of Opportunities
Our Stakeholders
Financial Statements

EXCHANGE AND SYMBOL

TSX: IIP.UN

TRANSFER AGENT

TSX Trust
100 Adelaide Street West, Suite 301
Toronto, Ontario M5H 4H1
Tel: (416) 361-0930
Fax: (416) 361-0470
www.tmx.com

CORPORATE OFFICE

485 Bank Street, Suite 207
Ottawa, Ontario K2P 1Z2
Tel: (613) 569-5699
Fax: 1-888-696-5698

INVESTOR RELATIONS

485 Bank Street, Suite 207
Ottawa, Ontario K2P 1Z2
Tel: (613) 569-5699
Fax: 1-888-696-5698
Email: investorinfo@interrentreit.com

AUDITORS

RSM Canada LLP
11 King Street West, Suite 700
Toronto, Ontario M5H 4C7
Tel: (416) 480-0160
Fax: (416) 480-2646
www.rsmcanada.com