Desjardins Brokers Cut Earnings Estimates for InterRent REIT

InterRent REIT (TSE:IIP) – Equities researchers at Desjardins lowered their FY2025 earnings per share (EPS) estimates for shares of InterRent REIT in a report issued on Tuesday, January 28th. Desjardins analyst K. Stanley now expects that the company will post earnings per share of $0.65 for the year, down from their previous forecast of $0.66.

InterRent REIT (TSE:IIP) last announced its earnings results on Monday, November 4th. The company reported C($0.50) EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.66). During the same period last year, the company earned $0.15 EPS.

Several other analysts have also recently weighed in on the company. Raymond James cut InterRent REIT from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 5th. TD Securities raised shares of InterRent REIT from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th.

InterRent REIT Stock Performance

InterRent REIT has a 1-year low of C$7.31 and a 1-year high of C$10.19.

InterRent REIT Company Profile

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).