InterRent to pay 2.85-cent distribution Feb. 15


InterRent Real Estate Investment Trust has declared its distribution for the month of January, 2022, is 2.85 cents per trust unit, equal to 34.2 cents per trust unit on an annualized basis. Payment will be made on or about Feb. 15, 2022, to unitholders of record on Jan. 31, 2022.


About InterRent Real Estate Investment Trust


InterRent 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 multiresidential 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 multiresidential properties; (ii) to provide unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.