INTERRENT REAL ESTATE INVEST (IIP-UN.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:IIP-UN • CA46071W2058
13.35 CAD
+0.02 (+0.15%)
Last: Feb 2, 2026, 07:00 PM
IIP-UN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 15 industry peers in the Residential REITs industry. While IIP-UN is still in line with the averages on profitability rating, there are concerns on its financial health. IIP-UN is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year IIP-UN was profitable.
- IIP-UN had a positive operating cash flow in the past year.
- Of the past 5 years IIP-UN 4 years were profitable.
- In the past 5 years IIP-UN always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of -2.53%, IIP-UN is doing worse than 73.33% of the companies in the same industry.
- The Return On Equity of IIP-UN (-4.63%) is worse than 73.33% of its industry peers.
- IIP-UN's Return On Invested Capital of 2.51% is in line compared to the rest of the industry. IIP-UN outperforms 53.33% of its industry peers.
- IIP-UN had an Average Return On Invested Capital over the past 3 years of 2.32%. This is in line with the industry average of 2.87%.
- The 3 year average ROIC (2.32%) for IIP-UN is below the current ROIC(2.51%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.53% | ||
| ROE | -4.63% | ||
| ROIC | 2.51% |
ROA(3y)0.26%
ROA(5y)2.89%
ROE(3y)0.42%
ROE(5y)4.76%
ROIC(3y)2.32%
ROIC(5y)2.18%
1.3 Margins
- IIP-UN's Operating Margin of 53.61% is fine compared to the rest of the industry. IIP-UN outperforms 66.67% of its industry peers.
- In the last couple of years the Operating Margin of IIP-UN has remained more or less at the same level.
- With an excellent Gross Margin value of 76.82%, IIP-UN belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
- In the last couple of years the Gross Margin of IIP-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.61% | ||
| PM (TTM) | N/A | ||
| GM | 76.82% |
OM growth 3Y1.84%
OM growth 5Y0.57%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.93%
GM growth 5Y-0.18%
2. Health
2.1 Basic Checks
- IIP-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- IIP-UN has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for IIP-UN has been increased compared to 5 years ago.
- The debt/assets ratio for IIP-UN is higher compared to a year ago.
2.2 Solvency
- IIP-UN has an Altman-Z score of 1.06. This is a bad value and indicates that IIP-UN is not financially healthy and even has some risk of bankruptcy.
- IIP-UN's Altman-Z score of 1.06 is fine compared to the rest of the industry. IIP-UN outperforms 73.33% of its industry peers.
- IIP-UN has a debt to FCF ratio of 18.48. This is a negative value and a sign of low solvency as IIP-UN would need 18.48 years to pay back of all of its debts.
- IIP-UN's Debt to FCF ratio of 18.48 is on the low side compared to the rest of the industry. IIP-UN is outperformed by 60.00% of its industry peers.
- A Debt/Equity ratio of 0.65 indicates that IIP-UN is somewhat dependend on debt financing.
- The Debt to Equity ratio of IIP-UN (0.65) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 18.48 | ||
| Altman-Z | 1.06 |
ROIC/WACC0.57
WACC4.42%
2.3 Liquidity
- IIP-UN has a Current Ratio of 0.05. This is a bad value and indicates that IIP-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.05, IIP-UN is doing worse than 93.33% of the companies in the same industry.
- IIP-UN has a Quick Ratio of 0.05. This is a bad value and indicates that IIP-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.05, IIP-UN is doing worse than 93.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
- IIP-UN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.93%.
- Looking at the last year, IIP-UN shows a small growth in Revenue. The Revenue has grown by 1.55% in the last year.
- The Revenue has been growing by 11.13% on average over the past years. This is quite good.
EPS 1Y (TTM)-4.93%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0.86%
Revenue 1Y (TTM)1.55%
Revenue growth 3Y9.97%
Revenue growth 5Y11.13%
Sales Q2Q%2.51%
3.2 Future
- Based on estimates for the next years, IIP-UN will show a small growth in Earnings Per Share. The EPS will grow by 3.57% on average per year.
- The Revenue is expected to grow by 1.89% on average over the next years.
EPS Next Y-10.08%
EPS Next 2Y3.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.83%
Revenue Next 2Y1.83%
Revenue Next 3Y1.89%
Revenue Next 5YN/A
3.3 Evolution
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 22.63, IIP-UN is valued on the expensive side.
- Compared to the rest of the industry, the Price/Earnings ratio of IIP-UN is on the same level as its industry peers.
- IIP-UN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.41.
- A Price/Forward Earnings ratio of 19.44 indicates a rather expensive valuation of IIP-UN.
- IIP-UN's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 25.64. IIP-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.63 | ||
| Fwd PE | 19.44 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IIP-UN indicates a somewhat cheap valuation: IIP-UN is cheaper than 66.67% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of IIP-UN indicates a slightly more expensive valuation: IIP-UN is more expensive than 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.86 | ||
| EV/EBITDA | 26.03 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.57%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- IIP-UN has a Yearly Dividend Yield of 2.66%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 4.88, IIP-UN's dividend is way lower than its industry peers. On top of this 86.67% of the companies listed in the same industry pay a better dividend than IIP-UN!
- Compared to an average S&P500 Dividend Yield of 1.83, IIP-UN pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
5.2 History
- On average, the dividend of IIP-UN grows each year by 6.26%, which is quite nice.
- IIP-UN has paid a dividend for at least 10 years, which is a reliable track record.
- IIP-UN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.26%
Div Incr Years13
Div Non Decr Years15
5.3 Sustainability
- The earnings of IIP-UN are negative and hence is the payout ratio. IIP-UN will probably not be able to sustain this dividend level.
- IIP-UN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP-48.46%
EPS Next 2Y3.57%
EPS Next 3YN/A
TSX:IIP-UN (2/2/2026, 7:00:00 PM)
13.35
+0.02 (+0.15%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)11-10 2025-11-10/amc
Earnings (Next)02-23 2026-02-23/bmo
Inst Owners45.99%
Inst Owner ChangeN/A
Ins Owners6.25%
Ins Owner ChangeN/A
Market Cap1.86B
Revenue(TTM)249.35M
Net Income(TTM)-105.24M
Analysts51.67
Price Target13.71 (2.7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
Yearly Dividend0.25
Dividend Growth(5Y)6.26%
DP-48.46%
Div Incr Years13
Div Non Decr Years15
Ex-Date01-30 2026-01-30 (0.033075)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.63 | ||
| Fwd PE | 19.44 | ||
| P/S | 7.48 | ||
| P/FCF | 19.86 | ||
| P/OCF | 19.86 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 26.03 |
EPS(TTM)0.59
EY4.42%
EPS(NY)0.69
Fwd EY5.14%
FCF(TTM)0.67
FCFY5.03%
OCF(TTM)0.67
OCFY5.03%
SpS1.78
BVpS16.26
TBVpS16.26
PEG (NY)N/A
PEG (5Y)N/A
Graham Number14.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.53% | ||
| ROE | -4.63% | ||
| ROCE | 3.58% | ||
| ROIC | 2.51% | ||
| ROICexc | 2.51% | ||
| ROICexgc | 2.51% | ||
| OM | 53.61% | ||
| PM (TTM) | N/A | ||
| GM | 76.82% | ||
| FCFM | 37.65% |
ROA(3y)0.26%
ROA(5y)2.89%
ROE(3y)0.42%
ROE(5y)4.76%
ROIC(3y)2.32%
ROIC(5y)2.18%
ROICexc(3y)2.33%
ROICexc(5y)2.19%
ROICexgc(3y)2.33%
ROICexgc(5y)2.19%
ROCE(3y)3.25%
ROCE(5y)3.04%
ROICexgc growth 3Y11.39%
ROICexgc growth 5Y3.04%
ROICexc growth 3Y11.39%
ROICexc growth 5Y3.04%
OM growth 3Y1.84%
OM growth 5Y0.57%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.93%
GM growth 5Y-0.18%
F-Score4
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 18.48 | ||
| Debt/EBITDA | 10.96 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 69.74% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | 1.06 |
F-Score4
WACC4.42%
ROIC/WACC0.57
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.93%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0.86%
EPS Next Y-10.08%
EPS Next 2Y3.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.55%
Revenue growth 3Y9.97%
Revenue growth 5Y11.13%
Sales Q2Q%2.51%
Revenue Next Year1.83%
Revenue Next 2Y1.83%
Revenue Next 3Y1.89%
Revenue Next 5YN/A
EBIT growth 1Y-8.5%
EBIT growth 3Y12%
EBIT growth 5Y11.76%
EBIT Next Year1.22%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y12.31%
FCF growth 3Y-11.09%
FCF growth 5Y-1.45%
OCF growth 1Y12.31%
OCF growth 3Y-11.09%
OCF growth 5Y-1.45%
INTERRENT REAL ESTATE INVEST / IIP-UN.CA FAQ
What is the ChartMill fundamental rating of INTERRENT REAL ESTATE INVEST (IIP-UN.CA) stock?
ChartMill assigns a fundamental rating of 3 / 10 to IIP-UN.CA.
Can you provide the valuation status for INTERRENT REAL ESTATE INVEST?
ChartMill assigns a valuation rating of 2 / 10 to INTERRENT REAL ESTATE INVEST (IIP-UN.CA). This can be considered as Overvalued.
How profitable is INTERRENT REAL ESTATE INVEST (IIP-UN.CA) stock?
INTERRENT REAL ESTATE INVEST (IIP-UN.CA) has a profitability rating of 5 / 10.
What are the PE and PB ratios of INTERRENT REAL ESTATE INVEST (IIP-UN.CA) stock?
The Price/Earnings (PE) ratio for INTERRENT REAL ESTATE INVEST (IIP-UN.CA) is 22.63 and the Price/Book (PB) ratio is 0.82.
What is the expected EPS growth for INTERRENT REAL ESTATE INVEST (IIP-UN.CA) stock?
The Earnings per Share (EPS) of INTERRENT REAL ESTATE INVEST (IIP-UN.CA) is expected to decline by -10.08% in the next year.