See more : Mitsubishi Estate Co., Ltd. (MITEF) Income Statement Analysis – Financial Results
Complete financial analysis of InterRent Real Estate Investment Trust (IIPZF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of InterRent Real Estate Investment Trust, a leading company in the REIT – Residential industry within the Real Estate sector.
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InterRent Real Estate Investment Trust (IIPZF)
About InterRent Real Estate Investment Trust
InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily 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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 237.14M | 216.40M | 185.15M | 159.96M | 145.30M | 127.29M | 109.00M | 97.47M | 82.98M | 65.40M | 60.51M | 47.53M | 38.47M | 31.92M | 35.42M | 33.92M | 26.99M | 952.60K | 3.71M | 1.92M | 1.30M | 1.14M | 901.38K | 500.81K | 195.18K | 59.48K |
| Cost of Revenue | 63.50M | 59.01M | 52.71M | 45.96M | 38.43M | 35.03M | 32.92M | 30.54M | 25.96M | 20.39M | 18.15M | 14.24M | 17.97M | 16.94M | 18.85M | 17.18M | 9.14M | 142.79K | 2.12M | 848.28K | 802.50K | 422.11K | 482.88K | 302.52K | 118.50K | 48.61K |
| Gross Profit | 173.63M | 157.39M | 132.44M | 114.00M | 106.87M | 92.26M | 76.08M | 66.93M | 57.02M | 45.02M | 42.36M | 33.29M | 20.51M | 14.98M | 16.57M | 16.74M | 17.85M | 809.80K | 1.58M | 1.07M | 497.66K | 716.84K | 418.50K | 198.29K | 76.68K | 10.88K |
| Gross Profit Ratio | 73.22% | 72.73% | 71.53% | 71.27% | 73.55% | 72.48% | 69.80% | 68.67% | 68.72% | 68.83% | 70.01% | 70.04% | 53.30% | 46.92% | 46.78% | 49.35% | 66.13% | 85.01% | 42.73% | 55.76% | 38.28% | 62.94% | 46.43% | 39.59% | 39.29% | 18.28% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 16.62M | 33.64M | 28.00M | 23.46M | 22.71M | 20.81M | 19.02M | 17.78M | 15.02M | 13.07M | 11.64M | 9.00M | 3.49M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.62M | 33.64M | 28.00M | 23.46M | 22.71M | 20.81M | 19.02M | 17.78M | 15.02M | 13.07M | 11.64M | 9.00M | 3.49M | 3.51M | 6.96M | 3.35M | 2.92M | 208.77K | 678.49K | 286.41K | 195.09K | 115.86K | 138.06K | 30.00K | 15.51K | 13.00K |
| Other Expenses | 1.40M | 1.22M | 605.00K | 18.74M | -23.30M | -43.99M | -6.10M | -3.34M | -1.63M | -1.50M | -422.00K | -2.86M | 34.98M | 40.22M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 18.02M | 33.64M | 28.00M | 23.46M | 22.71M | 20.81M | 19.02M | 17.78M | 15.02M | 13.07M | 11.64M | 9.00M | 3.49M | 10.62M | 14.50M | 12.42M | 14.07M | 612.10K | 1.43M | 607.87K | 717.95K | 545.34K | 499.76K | 272.93K | 190.09K | 120.51K |
| Cost & Expenses | 81.52M | 92.66M | 80.71M | 69.42M | 61.14M | 55.84M | 51.94M | 48.32M | 40.97M | 33.46M | 29.79M | 23.24M | 21.45M | 27.57M | 33.35M | 29.60M | 23.21M | 754.89K | 3.55M | 1.46M | 1.52M | 967.45K | 982.63K | 575.45K | 308.59K | 169.11K |
| Interest Income | 1.29M | 480.00K | 386.00K | 635.00K | 490.00K | 606.00K | 239.00K | 175.00K | 160.00K | 201.00K | 191.00K | 131.00K | 57.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 63.02M | 47.09M | 32.92M | 28.39M | 28.25M | 26.83M | 21.61M | 20.39M | 15.60M | 13.31M | 11.67M | 9.75M | 12.73M | 11.38M | 12.07M | 11.75M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 987.00K | 1.26M | 908.00K | 642.00K | 533.00K | 459.00K | 312.00K | 211.00K | 135.00K | 70.00K | 44.00K | 19.00K | 19.00K | 7.11M | 7.54M | 9.07M | 7.15M | 235.34K | 629.44K | 321.46K | 172.51K | 129.04K | 102.74K | 90.26K | 34.64K | 11.96K |
| EBITDA | 153.60M | 144.11M | 88.14M | 103.31M | 70.95M | 56.94M | 51.59M | 46.19M | 40.61M | 30.29M | 30.12M | 23.23M | 17.04M | 12.37M | 9.61M | 13.48M | 10.93M | 181.11K | 783.87K | 782.90K | -47.79K | 300.54K | 21.49K | 15.61K | -78.77K | -97.67K |
| EBITDA Ratio | 64.77% | 57.35% | 57.00% | 56.79% | 58.15% | 21.48% | 51.87% | 49.61% | 48.34% | 49.20% | 50.50% | 48.87% | 44.29% | 35.93% | 27.12% | 39.48% | 40.51% | 45.46% | 21.13% | 40.83% | -3.68% | 26.39% | 2.38% | -7.08% | -40.36% | -164.21% |
| Operating Income | 155.61M | 139.22M | 117.66M | 102.14M | 96.19M | 82.22M | 66.17M | 56.87M | 48.49M | 37.88M | 36.04M | 27.95M | 4.37M | 4.36M | 2.07M | 16.74M | 3.78M | 197.71K | 154.43K | 461.44K | -220.30K | 171.50K | -81.26K | -74.64K | -113.41K | -109.63K |
| Operating Income Ratio | 65.62% | 64.34% | 63.55% | 63.85% | 66.20% | 64.59% | 60.70% | 58.35% | 58.44% | 57.92% | 59.57% | 58.80% | 11.36% | 13.65% | 5.83% | 49.35% | 14.01% | 20.75% | 4.16% | 24.06% | -16.94% | 15.06% | -9.01% | -14.90% | -58.10% | -184.32% |
| Total Other Income/Expenses | -63.37M | -34.46M | 252.03M | 48.51M | 314.47M | 111.82M | 149.70M | -7.37M | 9.33M | 4.79M | 11.13M | 54.59M | 34.90M | 40.22M | -1.52M | -16.74M | -3.79M | -249.59K | -154.43K | 460.76K | 2.65K | 130.36K | 10.84K | 51.08K | 0.00 | 0.00 |
| Income Before Tax | 92.24M | 103.96M | 369.69M | 150.65M | 384.89M | 168.30M | 200.98M | 38.61M | 49.80M | 23.98M | 30.26M | 82.54M | 39.35M | 44.58M | 0.00 | 16.13M | 0.00 | -51.88K | 0.00 | 675.05K | -217.65K | 301.86K | -70.42K | -23.56K | 0.00 | 0.00 |
| Income Before Tax Ratio | 38.90% | 48.04% | 199.67% | 94.18% | 264.89% | 132.22% | 184.38% | 39.62% | 60.02% | 36.67% | 50.01% | 173.65% | 102.28% | 139.65% | 0.00% | 47.55% | 0.00% | -5.45% | 0.00% | 35.20% | -16.74% | 26.50% | -7.81% | -4.70% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | -28.20M | 33.56M | 28.43M | 28.27M | -17.16M | 21.61M | 20.39M | 15.60M | 13.31M | 11.67M | 9.75M | 12.73M | 11.35M | 12.14M | 13.40M | 8.52M | 267.79K | 951.79K | 717.27K | 2.65K | 130.36K | 0.00 | 114.91K | 0.00 | 0.00 |
| Net Income | 92.24M | 103.96M | 369.69M | 150.65M | 384.89M | 168.30M | 200.98M | 38.61M | 49.80M | 23.98M | 30.26M | 82.54M | 39.27M | -7.00M | -10.08M | -9.09M | -4.74M | -319.67K | -797.36K | -42.22K | -220.30K | 171.50K | -70.42K | -189.55K | -113.41K | -109.63K |
| Net Income Ratio | 38.90% | 48.04% | 199.67% | 94.18% | 264.89% | 132.22% | 184.38% | 39.62% | 60.02% | 36.67% | 50.01% | 173.65% | 102.08% | -21.92% | -28.45% | -26.79% | -17.56% | -33.56% | -21.50% | -2.20% | -16.94% | 15.06% | -7.81% | -37.85% | -58.10% | -184.32% |
| EPS | 0.63 | 0.73 | 2.64 | 1.09 | 3.17 | 1.59 | 2.40 | 0.54 | 0.70 | 0.41 | 0.53 | 1.87 | 0.90 | -0.22 | -0.46 | -0.50 | -0.32 | -0.05 | -0.35 | -0.05 | -0.34 | 0.30 | -1.31 | -3.54 | -2.12 | -2.04 |
| EPS Diluted | 0.63 | 0.73 | 2.64 | 1.09 | 3.17 | 1.59 | 2.40 | 0.54 | 0.70 | 0.41 | 0.53 | 1.87 | 0.90 | -0.22 | -0.46 | -0.50 | -0.32 | -0.05 | -0.35 | -0.05 | -0.34 | 0.10 | -1.31 | -3.54 | -2.12 | -2.04 |
| Weighted Avg Shares Out | 146.18M | 141.89M | 140.18M | 134.54M | 116.91M | 106.03M | 81.27M | 71.80M | 69.11M | 57.56M | 57.20M | 43.90M | 43.46M | 32.25M | 21.82M | 18.15M | 15.00M | 6.06M | 2.30M | 838.26K | 655.20K | 605.77K | 53.61K | 53.61K | 53.61K | 53.61K |
| Weighted Avg Shares Out (Dil) | 146.18M | 141.89M | 140.18M | 138.42M | 121.48M | 106.03M | 83.89M | 72.11M | 71.05M | 58.11M | 57.20M | 44.20M | 43.46M | 32.25M | 21.82M | 18.15M | 15.00M | 6.06M | 2.30M | 838.26K | 655.20K | 1.17M | 53.61K | 53.61K | 53.61K | 53.61K |
InterRent Real Estate Investment Trust (IIPZF) Q1 2023 Earnings Call Transcript
InterRent Real Estate Investment Trust (OTC:IIPZF) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Renee Wei - Director, IR and Sustainability Bradley Cutsey - President and CEO Dave Nevins - COO Curt Millar - CFO...
InterRent REIT Announces Timing of First Quarter 2023 Results and Conference Call
OTTAWA, Ontario--(BUSINESS WIRE)--InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that it will release its 2023 first quarter financial results before the market opens on Tuesday, May 9, 2023. Management will host a conference call and webcast to speak...
InterRent Real Estate Investment Trust (IIPZF) Q4 2022 Earnings Call Transcript
InterRent Real Estate Investment Trust (OTC:IIPZF) Q4 2022 Earnings Conference Call March 7, 2023 10:00 AM ET Company Participants Craig Stewart - VP, Finance Bradley Cutsey - President and CEO Dave Nevins - COO Curt Millar - CFO Conference Call...
InterRent: A Discount To NAV Doesn't Mean It's A Buy
InterRent REIT focuses on residential real estate in Vancouver, Toronto, Montreal and Ottawa. The REIT is a very steady performer, but trades at very high multiples. I am not prepared to pay 28 times the AFFO.
InterRent Real Estate Investment Trust (IIPZF) Q3 2022 Earnings Call Transcript
InterRent Real Estate Investment Trust (OTC:IIPZF) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Craig Stewart - VP, Finance Bradley Cutsey - President and CEO Dave Nevins - COO Curt Millar - CFO Conference Call...
InterRent Real Estate Investment Trust (IIPZF) CEO Brad Cutsey on Q1 2022 Results - Earnings Call Transcript
InterRent Real Estate Investment Trust (OTC:IIPZF) Q1 2022 Results Conference Call May 10, 2022 10:00 AM ET Company Participants Sandy Rose - Director, Investor Relations Mike McGahan - Executive Chair Brad Cutsey - President and CEO Curt Millar - Chief...
Source: https://incomestatements.info
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