/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
OTTAWA,
ON, Sept. 17, 2024 /CNW/ - InterRent Real
Estate Investment Trust (TSX; IIP.UN) ("InterRent") announced today
that its distribution declared for the month of September 2024 is $0.0315 per Trust unit, equal to $0.3780 per Trust unit on an annualized basis.
Payment will be made on or about October 15,
2024, to unitholders of record on September 30, 2024.
ABOUT INTERRENT
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.
The Toronto Stock Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this
release.
SOURCE InterRent Real Estate Investment Trust