TMCnet News
InterRent REIT Announces May 2022 DistributionsInterRent Real Estate Investment Trust (TSX-IIP.UN) (" InterRent") announced today that its distribution declared for the month of May 2022 is $0.0285 per Trust unit, equal to $0.3420 per Trust unit on an annualized basis. Payment will be made on or about June 15, 2022, to unitholders of record on May 31, 2022.
About InterRent
InterRent's strategy is to expand its portfolio pimarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions. InterRent's primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet. The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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