A YEAR OF
FOCUS AND
RESILIENCE

INTERRENT REIT 2022 - ANNUAL REPORT

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A WORD FROM OUR CEO

2022 was a year of nearly unprecedented volatility. From persistent COVID concerns to one of the steepest interest rate increases in recent memory, the year presented no shortage of challenges. However, by focusing on our strategy, we were able to adapt despite the continued changes around us.

Our strategy starts with our residents. They are the heart of our communities, and we take pride in providing them with a leading customer experience within well-maintained communities they call home. We are also proud to be part of the solution to Canada’s housing shortage with over 3,500 units of rental housing in various stages of development. We started the initial lease-up and occupancy of our first office conversion project at The Slayte in Ottawa, creating capacity while demonstrating our commitment to sustainability.

Our team members remain our strongest asset. This year, we welcomed team members to our brand-new Montreal regional office. We also continued to focus on investments in software and systems, improvements to our processes, and we implemented robust team training programs. Our employee engagement survey had an industry-leading 86% completion rate.

2022 was a year of disciplined, targeted growth. We grew in Vancouver through acquisitions that complemented our existing footprint and value-add program. In Quebec, we acquired 8405 Place Saint-Charles on Montréal’s South Shore, a new build allows us to create upside by bringing our leading operating platform to an existing, best-in-class community. In both instances, our joint venture relationships allowed us to access capital in turbulent times.

We remain on sound financial footing. We continued to optimize our balance sheet, laddering out our debt maturity profile while reducing our exposure to variable-rate debt. Our debt to gross book value ratio of 38.3% and liquidity position gives us continued flexibility to navigate uncertain times and make strategic capital allocation decisions.

We re-invested $124M in capital into our communities; focused both on repositioning and on maintaining a strong state of repair. We improved our GRESB score through significant headway on climate-related initiatives with our CDP submission, establishment of our science-based carbon emission reduction targets, and completion of our baseline climate risk assessment. We also continued to give back. Together with CLV Group, our annual Mike McCann Charity Golf Tournament raised an astounding $1.4M to be distributed to various local charities.

We’re proud of our accomplishments in a difficult 2022 climate, and we look to the future with renewed focus on finding tangible ways to deliver value to all our stakeholders. Canada needs more housing and we are part of the solution whether by re-investing in existing communities to revitalize them and extend the life of existing properties or by building new communities for our residents to call home.

Brad Cutsey,
President and CEO

A WORD FROM OUR CEO

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2022 was a year of nearly unprecedented volatility. From persistent COVID concerns to one of the steepest interest rate increases in recent memory, the year presented no shortage of challenges. However, by focusing on our strategy, we were able to adapt despite the continued changes around us.

Our strategy starts with our residents. They are the heart of our communities, and we take pride in providing them with a leading customer experience within well-maintained communities they call home. We are also proud to be part of the solution to Canada’s housing shortage with over 3,500 units of rental housing in various stages of development. We started the initial lease-up and occupancy of our first office conversion project at The Slayte in Ottawa, creating capacity while demonstrating our commitment to sustainability.

Our team members remain our strongest asset. This year, we welcomed team members to our brand-new Montreal regional office. We also continued to focus on investments in software and systems, improvements to our processes, and we implemented robust team training programs. Our employee engagement survey had an industry-leading 86% completion rate.

2022 was a year of disciplined, targeted growth. We grew in Vancouver through acquisitions that complemented our existing footprint and value-add program. In Quebec, we acquired 8405 Place Saint-Charles on Montréal’s South Shore, a new build allows us to create upside by bringing our leading operating platform to an existing, best-in-class community. In both instances, our joint venture relationships allowed us to access capital in turbulent times.

We remain on sound financial footing. We continued to optimize our balance sheet, laddering out our debt maturity profile while reducing our exposure to variable-rate debt. Our debt to gross book value ratio of 38.3% and liquidity position gives us continued flexibility to navigate uncertain times and make strategic capital allocation decisions.

We re-invested $124M in capital into our communities; focused both on repositioning and on maintaining a strong state of repair. We improved our GRESB score through significant headway on climate-related initiatives with our CDP submission, establishment of our science-based carbon emission reduction targets, and completion of our baseline climate risk assessment. We also continued to give back. Together with CLV Group, our annual Mike McCann Charity Golf Tournament raised an astounding $1.4M to be distributed to various local charities.

We’re proud of our accomplishments in a difficult 2022 climate, and we look to the future with renewed focus on finding tangible ways to deliver value to all our stakeholders. Canada needs more housing and we are part of the solution whether by re-investing in existing communities to revitalize them and extend the life of existing properties or by building new communities for our residents to call home.

Brad Cutsey,
President and CEO

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

ACcOMPLISHMENtS IN 2022

"DURING 2022 WE CONTINUED TO INVEST OUR RESOURCES IN THE THINGS THAT MAKE US WHO WE ARE: OUR PASSIONATE TEAM MEMBERS, OUR SUSTAINABILITY COMMITMENTS, AND OUR INCREDIBLE COMMUNITIES."

December 2022 occupancy; a 120 bps improvement over 2021 as we returned to our long-term expectation.

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Net operating income growth driven by strong occupancy and supported by portfolio growth and operational efficiency.

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Funds from Operations (FFO) generated in 2022; a 6% increase over 2021 and resulting in growing FFO per unit (diluted) to $0.53.

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Exposure to variable rate debt as of Dec. 31, 2022. Reduced from approximately 20% at Dec. 31, 2021 as we adjusted to the unprecedented pace of interest rate increases in 2022.

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Number of community partners across Canada we supported through funds raised during the 2022 Mike McCann Memorial Charity Golf Tournament.

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Distribution increase approved in 2022, underpinned by strong operating performance and marking the 11th consecutive year of growing our distribution by 5% or more.

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Number of suites we developed or acquired in 2022. Occupancy has begun at our newly completed community in Ottawa “The Slayte”, adding much-needed supply to the market.

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ACcOMPLISHMENtS IN 2022

"DURING 2022 WE CONTINUED TO INVEST OUR RESOURCES IN THE THINGS THAT MAKE US WHO WE ARE: OUR PASSIONATE TEAM MEMBERS, OUR SUSTAINABILITY COMMITMENTS, AND OUR INCREDIBLE COMMUNITIES."

December 2022 occupancy; a 120 bps improvement over 2021 as we returned to our long-term expectation.

1 of 7

Net operating income growth driven by strong occupancy and supported by portfolio growth and operational efficiency.

2 of 7

Funds from Operations (FFO) generated in
2022; a 6% increase over 2021 and resulting in growing FFO per unit (diluted) to $0.53.

3 of 7

Exposure to variable rate debt as of Dec. 31, 2022. Reduced from approximately 20% at Dec. 31, 2021 as we adjusted to the unprecedented pace of interest rate increases in 2022.

4 of 7

Number of community partners across Canada we supported through funds raised during the 2022 Mike McCann Memorial Charity Golf Tournament.

5 of 7

Distribution increase approved in 2022, underpinned by strong operating performance and marking the 11th consecutive year of growing our distribution by 5% or more.

6 of 7

Number of suites we developed or acquired in 2022. Occupancy has begun at our newly completed community in Ottawa “The Slayte”, adding much-needed supply to the
market.

7 of 7

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

Investing in our communities

Behind our accomplishments stands an incredible team of diverse and dedicated professionals. We recognize that our team is our most critical asset which is why we continue to invest in their capabilities. We’ve expanded our technical and managerial training programs and we’ve continued to invest in technology that enables our teams to work more efficiently and focus on meaningful work that drives added-value for our residents and all our stakeholders.

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 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.

MEET JOY

Joy moved to Canada from Trinidad as a young woman with her family in 1967. She attended Algonquin College in Ottawa and completed her studies in Accounting. Shortly after her husband also relocated to Canada. Joy joined our family in 1991 at a time when she was the only person in Accounts Payable. Today, Joy continues to be a valued member of our Accounts Payable team where she feels appreciated and supported. Click on the play button to listen to Joy’s story.

Our communities are at the heart of everything we do, and we take great pride in the work we do with our residents, team members, and community partners. During 2022 we have continued to modernize our buildings, investing in energy efficiency improvements, like new boilers and building automation systems, as well as safety and accessibility upgrades.
QUALITY

QUALITY

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

INTEGRITY

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

STRONG TEAMS AND COMMUNITIES

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

RESPECT

RESPECT

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

SERVICE EXCELLENCE

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

Demand for rental housing far exceeds current supply, placing Canada in a supply and affordability crisis. We are committed to doing our part to address this issue. Together with our development partners, we are bringing new supply to in-demand markets and are proud to be part of the solution.

Investing in our communities

"Our communities are at the heart of everything we do, and we take great pride in the work we do with our residents, team members, and community partners. During 2022 we have continued to modernize our buildings, investing in energy efficiency improvements, like new boilers and building automation systems, as well as safety and accessibility upgrades."

Behind our accomplishments stands an incredible team of diverse and dedicated professionals. We recognize that our team is our most critical asset which is why we continue to invest in their capabilities. We’ve expanded our technical and managerial training programs and we’ve continued to invest in technology that enables our teams to work more efficiently and focus on meaningful work that drives added-value for our residents and all our stakeholders.

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 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.

MEET JOY

Joy moved to Canada from Trinidad as a young woman with her family in 1967. She attended Algonquin College in Ottawa and completed her studies in Accounting. Shortly after her husband also relocated to Canada. Joy joined our family in 1991 at a time when she was the only person in Accounts Payable. Today, Joy continues to be a valued member of our Accounts Payable team where she feels appreciated and supported. Click on the play button to listen to Joy’s story.

Demand for rental housing far exceeds current supply, placing Canada in a supply and affordability crisis. We are committed to doing our part to address this issue. Together with our development partners, we are bringing new supply to in-demand markets and are proud to be part of the solution.

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

OUR EXECUTIVE TEAM

MIKE MCGAHAN

MIKE MCGAHAN

Executive Chair

BRAD CUTSEY

BRAD CUTSEY

President & CEO

CURT MILLAR

CURT MILLAR

Chief Financial Officer

DAVE NEVINS

DAVE NEVINS

Chief Operating Officer

WILL CHAN

WILL CHAN

Chief Information Officer

CATHERINE HÉBERT

CATHERINE HÉBERT

Chief Talent Officer

CHRIS WILLOUGHBY

CHRIS WILLOUGHBY

VP Marketing

ASAD HANIF

ASAD HANIF

VP Acquisitions

CRAIG STEWART

CRAIG STEWART

VP Finance

OUR EXECUTIVE TEAM

MIKE MCGAHAN

MIKE MCGAHAN

Executive Chair

BRAD CUTSEY

BRAD CUTSEY

President & CEO

CURT MILLAR

CURT MILLAR

Chief Financial Officer

DAVE NEVINS

DAVE NEVINS

Chief Operating Officer

WILL CHAN

WILL CHAN

Chief Information Officer

CATHERINE HÉBERT

CATHERINE HÉBERT

Chief Talent Officer

CHRIS WILLOUGHBY

CHRIS WILLOUGHBY

VP Marketing

ASAD HANIF

ASAD HANIF

VP Acquisitions

CRAIG STEWART

CRAIG STEWART

VP Finance

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

BUILIDING ON OUR FOUNDATION

5 REASONS TO INVEST WITH US

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

DEVELOPMENT HIGHLIGHT
THE SLAYTE

One of the highlights of 2022 for the REIT was the start of our lease up and occupancy of our development project at 473 Albert St. The Slayte opened its doors to it’s first residents in fall; the culmination of several years of work in bringing this bold vision to life.

The adaptive reuse project, led by CLV Group developments Inc. and featuring the design of award-winning architects Linebox Studios and the work of Bassi Construction, The Slayte is the new incarnation of a 1970s office tower. Choosing to repurpose the existing building rather than tear it down, the revitalized structure provides a luxury rental experience in a highly-desired and fast developing neighbourhood in Ottawa’s core. In addition, materials not needed through the reconstruction were donated to Habitat for Humanity and other local causes as part of InterRent’s commitment to reuse and recycle.

The community houses 158 rental suites ranging from studios, one-bedroom and one-bedroom with den to two-bedroom and two-bedroom with den, as well as two townhouse unit flats on the first floor. Residents are treated to such amenities as concierge service, underground parking, a business centre, a state-of-the-art gym and a massive rooftop experience complete with an indoor lounge, event kitchen, hot tub, barbecues, pizza oven, lounge areas, firepits and more. Suites are luxuriously appointed with high-end finishings, stainless steel appliances and feature high ceilings and large windows.

CREATING SUCH A PREMIUM RESIDENT EXPERIENCE WHILE ADDING MUCH-NEEDED RENTAL HOUSING TO DOWNTOWN OTTAWA AND REPURPOSING VACANT OFFICE SPACE IS A TREMENDOUS SOURCE OF PRIDE.
Brad Cutsey, CEO - InterRent REIT

Importantly, the new community adds capacity in a highly-constrained market. With vacancy rates continuing to trend downward and demand projected to rise with returning students and ambitious immigration targets, this luxury community is well positioned to take advantage of continued rent growth opportunities.

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

OUR STAKEHOLDERS

As a provider of over 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.

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

A UNIQUE RESIDENT EXPERIENCE – The cornerstone of our business is and remains the care we take in providing a truly differentiated and exceptional experience for our residents and 2022 was no different. The year marked a return to hosting live resident events throughout many of our communities.

With summer barbecues, ice cream events, cocktail parties, painting classes, holiday-themed celebrations and many more, we celebrated our residents more than ever in 2022. Hundreds if not thousands of residents participated in our various engagement initiatives which were met with great enthusiasm.

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1VALET

We continued to implement state-of-the-art 1Valet Smart Building Platform throughout more and more of our communities. In 2022, the system was implemented in 40 new communities bringing our total to 48. Click the play button to learn more.

PAINT NIGHT!

We strive to make our resident events unique, different, and fun. In 2022, we hosted a Halloween-themed Paint Night activity in nine communities with an artist instructor providing direction as residents created their own Halloween masterpieces.

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

In the earlier part of 2022, we launched our BUILDING LEADERS PROGRAM with a goal to expand the capacity and competencies of our leaders. We further invested in expanding the technical expertise of our team members by providing technical training, and re-introducing our cleaning and maintenance competition which served not only as a fun and collegiate activity, but also sets high standards for maintaining clean, safe, and beautiful communities.

We believe in creating a work culture that shows care for diversity and fosters inclusion. We celebrated the long standing careers of many of our team members and assisted in launching the career of many more. We are proud to offer our team members professional development opportunities including educational development and supporting growth through cross training and/or vertical or lateral career moves. We are also pleased that in 2022, we created safe spaces for conducting open and frank conversations on diversity, equity and inclusion by launching “DEI Fundamentals Awareness” sessions for certain roles in the organization.
In the latter part of the year, we conducted our biennial Employee Engagement Survey – our team members strongly participated and trusted us with their feedback and suggestions that will form and influence the direction of our Talent strategies in 2023 and beyond.

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MEET RIDOWAN

Ridowan joined the InterRent family in 2021 as a Community Leasing Agent. In early 2022 as a CLA, he participated in Diversity, Equity, and Inclusion Fundamentals discussions. Later in the year, he was promoted to an Assistant Property Manager and is now responsible for multiple communities. In the Fall of 2022, he began his training in the Building Leader Program. We encourage you to watch Ridowan’s video where he shares his learnings and life experiences.

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MEET ANGIE

Angie joined InterRent in 2020 as a Talent Acquisition Specialist. She is the first contact to many of our new team members. Angie won the Spirit Award in 2022, a true testament to her dedication and contribution to InterRent. Here are a few words from Angie.

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

We consider ourselves community builders first and foremost. This is the core purpose of our business. Together with CLV Group, our roots within our communities and our focus on ensuring their continued growth and prosperity permeates every facet of the company.

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THE LIGHT BEYOND THE MOUNTAINS

In September we, together with our partner Crestpoint Real Estate Investments, unveiled a beautiful mural, “The Light Beyond The Mountains” designed and curated by artist KC Hall at our Bay Tower Community in Vancouver, BC. We embarked on this project in order to create a visible moment of awareness and education in the community about the Indigenous peoples in Canada. Watch the unveiling here, captured and produced by Brother Jopa and Street Front Inc., respectively.

our-communities-cover02
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MIKE MCCANN CHARITY GOLF TOURNAMENT

On September 22, 2022, we once again hosted our annual Mike McCann Charity Golf Tournament in collaboration with CLV Group. Thanks to the incredible generosity of our many sponsors, our donation total grew yet again by 40% to an astounding $1.4 million. All of this money is given to a variety of local charities in the communities in which we operate.

our-communities-cover03
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Beyond our financial support for the many charitable organizations that we work with, perhaps the most important resource that we can provide is our time. In 2022, our team members spent a total of nearly 1,000 volunteer hours within our communities. These are all fully paid hours that we allocate to our team members to support the causes nearest and dearest to them.

We also encourage and support entrepreneurial initiatives. One team member, Cindy in our Oakville regional office, took it upon herself to organize teams to go door to door in several of our Ontario communities to collect food donations over the holidays. This initiative alone collected 2,265 pounds of food that was donated to various local food banks.

Here is an overview of all the different organizations that we supported in 2022:

  • Ottawa: The Ottawa Hospital Foundation, The Boys & Girls Club of Ottawa, The Ottawa Food Bank, Habitat for Humanity, Christie Lake Kids, Youth Services Bureau, The Royal Ottawa, The Ottawa Mission, Shepherd’s of Good Hope, The Snow Suit Fund, Kidney Research Centre, Maisy’s Foundation of Hope, The Ottawa Humane Society.
  • Montreal: Montreal Mission Brewery, Sun Youth Organization.
  • Southwestern Ontario: Burlington Community Foundation, Boys & Girls Club of Hamilton, Boys & Girls Club of London, Boys & Girls Club of St. Catharine’s/Niagara, Oak Park Neighbourhood Centre, Schulich School of Business, ComKids.
  • Britsh Columbia: Boys & Girls Club of South Coast, Moosehide Foundation.

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

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.

We have a Vendor Code of Conduct to reinforce our expectation that every vendor with which we do business demonstrates the same commitment to our values.

Click the button below to check out the full Vendor Code of Conduct here:

CZ ARCHITECT

Cynthia Zahoruk Architect Inc. (CZ Architects) is an architectural design studio serving Burlington, Hamilton, Oakville & Mississauga, Ontario for over 25 years. CZ Architects’ philosophy revolves around creating environments that are functional, sustainable and aesthetically pleasing. As a woman led business with a successful history in renovation and adaptive reuse of spaces, CZ Architects has been a natural fit with InterRent’s own corporate philosophy and values. InterRent has engaged CZ Architects on several projects, including the creation of multiple new suites built out in previously underused spaces within existing communities.

This partnership has thus allowed InterRent to continue to meet the needs of its current and future residents by providing additional high quality homes for families across Ontario to call their own.

www.czarchitect.com

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

Our stakeholders

Financial statements

We have always prided ourselves on open dialogue and transparency with the investment community. Throughout the year, we hosted 137 investor meetings and shared our view on market fundamentals and life at InterRent as panelists during the Real REIT Conference, Quebec Apartment Investment Conference, RealCapital, as well as various real estate conferences organized by leading financial institutions.

This year we continued to engage with several investor associations and also added external advisors to our discussions as we continue to make positive steps forward on our sustainability journey. We are proud of the insights we have gained and the work we have done around climate change, climate disclosure and diversity in the workplace training as well as the support we have provided for many community-focused organizations. We know there is still much to do and we look forward to sharing our 2022 progress as well as our commitments for the future with you as part of our 2022 Sustainability Report later this spring.

BOARD OF TRUSTEES

Our Board of Trustees is the foundation of strong corporate governance. Our Trustees evaluate the management of the REIT, oversee strategic direction, and have an overall responsibility to protect the interest of Unitholders by fostering a culture of integrity and accountability.

During the year we added two new Independent Trustees to our Board, Judy Hendriks and Jean-Louis Bellemare. We continually assess the composition of the Board and look for opportunities to enhance the diversity of skills present. Judy and Jean-Louis each bring with them a wealth of experience in executive leadership, growth and capital markets, and human resource management.

Full profiles of each of our Board members can be found in our latest Information Circular.

Paul Amirault
Brad Cutsey
John Jussup
Mike McGahan
Jean-Louis Bellemare
Judy Hendriks
Ronald Leslie
Cheryl Pangborn

TOUR WITH US

Throughout 2022, we hosted institutional investors on tours of several of our communities across our different region Greater Toronto & Hamilton Area communities. Here is a small sample of some of our tours.

Artboard - our investor cover
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Ottawa

Montreal

Southwestern Ontario

We have always prided ourselves on open dialogue and transparency with the investment community. Throughout the year, we hosted 137 investor meetings and shared our view on market fundamentals and life at InterRent as panelists during the Real REIT Conference, Quebec Apartment Investment Conference, RealCapital, as well as various real estate conferences organized by leading financial institutions.

This year we continued to engage with several investor associations and also added external advisors to our discussions as we continue to make positive steps forward on our sustainability journey. We are proud of the insights we have gained and the work we have done around climate change, climate disclosure and diversity in the workplace training as well as the support we have provided for many community-focused organizations. We know there is still much to do and we look forward to sharing our 2022 progress as well as our commitments for the future with you as part of our 2022 Sustainability Report later this spring.

BOARD OF TRUSTEES

Our Board of Trustees is the foundation of strong corporate governance. Our Trustees evaluate the management of the REIT, oversee strategic direction, and have an overall responsibility to protect the interest of Unitholders by fostering a culture of integrity and accountability.

During the year we added two new Independent Trustees to our Board, Judy Hendriks and Jean-Louis Bellemare. We continually assess the composition of the Board and look for opportunities to enhance the diversity of skills present. Judy and Jean-Louis each bring with them a wealth of experience in executive leadership, growth and capital markets, and human resource management.

Full profiles of each of our Board members can be found in our latest Information Circular.

Paul Amirault
Brad Cutsey
John Jussup
Mike McGahan
Jean-Louis Bellemare
Judy Hendriks
Ronald Leslie
Cheryl Pangborn

TOUR WITH US

Play Video

Ottawa

Montreal

Southwestern Ontario

Throughout 2022, we hosted institutional investors on tours of several of our communities across our different region Greater Toronto & Hamilton Area communities. Here is a small sample of some of our tours.

Accomplishments

Investing in our communities

Our executive team

Building our foundation

The Slayte

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
Email: investorinfo@interrentreit.com

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