INTERRENT REAL ESTATE INVEST (IIP-UN.CA) Stock Fundamental Analysis
TSX:IIP-UN - Toronto Stock Exchange - CA46071W2058 - REIT - Currency: CAD
IIP-UN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 16 industry peers in the Residential REITs industry. IIP-UN has only an average score on both its financial health and profitability. While showing a medium growth rate, IIP-UN is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
IIP-UN had positive earnings in the past year.
In the past year IIP-UN had a positive cash flow from operations.
In the past 5 years IIP-UN has always been profitable.
In the past 5 years IIP-UN always reported a positive cash flow from operatings.
1.2 Ratios
IIP-UN has a Return On Assets (-0.50%) which is comparable to the rest of the industry.
IIP-UN has a Return On Equity (-0.84%) which is comparable to the rest of the industry.
IIP-UN's Return On Invested Capital of 2.49% is on the low side compared to the rest of the industry. IIP-UN is outperformed by 68.75% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for IIP-UN is in line with the industry average of 3.07%.
The 3 year average ROIC (2.09%) for IIP-UN is below the current ROIC(2.49%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.5% | ||
| ROE | -0.84% | ||
| ROIC | 2.49% |
ROA(3y)4.49%
ROA(5y)6.39%
ROE(3y)7.67%
ROE(5y)10.53%
ROIC(3y)2.09%
ROIC(5y)2.11%
1.3 Margins
In the last couple of years the Profit Margin of IIP-UN has declined.
IIP-UN has a better Operating Margin (59.59%) than 68.75% 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.
The Gross Margin of IIP-UN (77.27%) is better than 93.75% of its industry peers.
IIP-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 59.59% | ||
| PM (TTM) | N/A | ||
| GM | 77.27% |
OM growth 3Y1.09%
OM growth 5Y0.87%
PM growth 3Y-25.51%
PM growth 5Y-21.71%
GM growth 3Y0.18%
GM growth 5Y-0.22%
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.
IIP-UN has more shares outstanding than it did 5 years ago.
IIP-UN has a better debt/assets ratio than last year.
2.2 Solvency
IIP-UN has an Altman-Z score of 1.12. 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 1.12 is amongst the best of the industry. IIP-UN outperforms 81.25% of its industry peers.
The Debt to FCF ratio of IIP-UN is 23.88, which is on the high side as it means it would take IIP-UN, 23.88 years of fcf income to pay off all of its debts.
IIP-UN's Debt to FCF ratio of 23.88 is on the low side compared to the rest of the industry. IIP-UN is outperformed by 81.25% of its industry peers.
IIP-UN has a Debt/Equity ratio of 0.66. This is a neutral value indicating IIP-UN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.66, IIP-UN belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 23.88 | ||
| Altman-Z | 1.12 |
ROIC/WACC0.6
WACC4.14%
2.3 Liquidity
IIP-UN has a Current Ratio of 1.21. This is a normal value and indicates that IIP-UN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.21, IIP-UN belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
IIP-UN has a Quick Ratio of 1.21. This is a normal value and indicates that IIP-UN is financially healthy and should not expect problems in meeting its short term obligations.
IIP-UN's Quick ratio of 1.21 is amongst the best of the industry. IIP-UN outperforms 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
IIP-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 42.64%, which is quite impressive.
Measured over the past years, IIP-UN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -17.69% on average per year.
Looking at the last year, IIP-UN shows a small growth in Revenue. The Revenue has grown by 5.62% in the last year.
Measured over the past years, IIP-UN shows a quite strong growth in Revenue. The Revenue has been growing by 13.25% on average per year.
EPS 1Y (TTM)42.64%
EPS 3Y-17.41%
EPS 5Y-17.69%
EPS Q2Q%9.26%
Revenue 1Y (TTM)5.62%
Revenue growth 3Y14.01%
Revenue growth 5Y13.25%
Sales Q2Q%1.09%
3.2 Future
The Earnings Per Share is expected to grow by 4.33% on average over the next years.
IIP-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.95% yearly.
EPS Next Y-128.81%
EPS Next 2Y4.15%
EPS Next 3Y4.33%
EPS Next 5YN/A
Revenue Next Year4.27%
Revenue Next 2Y4.41%
Revenue Next 3Y4.95%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
Based on the Price/Earnings ratio of 15.79, the valuation of IIP-UN can be described as correct.
IIP-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. IIP-UN is cheaper than 68.75% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.62. IIP-UN is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 15.15, which indicates a correct valuation of IIP-UN.
Based on the Price/Forward Earnings ratio, IIP-UN is valued a bit more expensive than the industry average as 62.50% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.70. IIP-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.79 | ||
| Fwd PE | 15.15 |
4.2 Price Multiples
IIP-UN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. IIP-UN is cheaper than 68.75% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, IIP-UN is valued a bit more expensive than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.89 | ||
| EV/EBITDA | 20.9 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.15%
EPS Next 3Y4.33%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.66%, IIP-UN has a reasonable but not impressive dividend return.
With a Dividend Yield of 2.66, IIP-UN pays less dividend than the industry average, which is at 4.91. 87.50% of the companies listed in the same industry pay a better dividend than IIP-UN!
IIP-UN's Dividend Yield is comparable with the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
5.2 History
The dividend of IIP-UN decreases each year by -0.20%.
IIP-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
IIP-UN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-0.2%
Div Incr Years12
Div Non Decr Years14
5.3 Sustainability
IIP-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-166.51%
EPS Next 2Y4.15%
EPS Next 3Y4.33%
TSX:IIP-UN (2/21/2025, 7:00:00 PM)
9.79
-0.01 (-0.1%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners31.9%
Inst Owner ChangeN/A
Ins Owners4.31%
Ins Owner ChangeN/A
Market Cap1.44B
Analysts81.33
Price Target13.42 (37.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
Yearly Dividend0.21
Dividend Growth(5Y)-0.2%
DP-166.51%
Div Incr Years12
Div Non Decr Years14
Ex-Date
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)-3.5%
PT rev (3m)-5.55%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-133.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.79 | ||
| Fwd PE | 15.15 | ||
| P/S | 5.88 | ||
| P/FCF | 20.89 | ||
| P/OCF | 20.89 | ||
| P/B | 0.57 | ||
| P/tB | 0.57 | ||
| EV/EBITDA | 20.9 |
EPS(TTM)0.62
EY6.33%
EPS(NY)0.65
Fwd EY6.6%
FCF(TTM)0.47
FCFY4.79%
OCF(TTM)0.47
OCFY4.79%
SpS1.66
BVpS17.08
TBVpS17.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.5% | ||
| ROE | -0.84% | ||
| ROCE | 3.46% | ||
| ROIC | 2.49% | ||
| ROICexc | 2.5% | ||
| ROICexgc | 2.5% | ||
| OM | 59.59% | ||
| PM (TTM) | N/A | ||
| GM | 77.27% | ||
| FCFM | 28.16% |
ROA(3y)4.49%
ROA(5y)6.39%
ROE(3y)7.67%
ROE(5y)10.53%
ROIC(3y)2.09%
ROIC(5y)2.11%
ROICexc(3y)2.09%
ROICexc(5y)2.12%
ROICexgc(3y)2.09%
ROICexgc(5y)2.12%
ROCE(3y)2.91%
ROCE(5y)2.93%
ROICexcg growth 3Y2.99%
ROICexcg growth 5Y-1.56%
ROICexc growth 3Y2.99%
ROICexc growth 5Y-1.56%
OM growth 3Y1.09%
OM growth 5Y0.87%
PM growth 3Y-25.51%
PM growth 5Y-21.71%
GM growth 3Y0.18%
GM growth 5Y-0.22%
F-Score7
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 23.88 | ||
| Debt/EBITDA | 11.23 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 276.05 | ||
| Cash Conversion | 47.02% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.21 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z | 1.12 |
F-Score7
WACC4.14%
ROIC/WACC0.6
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)70.28%
Profit Quality(5y)54.17%
High Growth Momentum
Growth
EPS 1Y (TTM)42.64%
EPS 3Y-17.41%
EPS 5Y-17.69%
EPS Q2Q%9.26%
EPS Next Y-128.81%
EPS Next 2Y4.15%
EPS Next 3Y4.33%
EPS Next 5YN/A
Revenue 1Y (TTM)5.62%
Revenue growth 3Y14.01%
Revenue growth 5Y13.25%
Sales Q2Q%1.09%
Revenue Next Year4.27%
Revenue Next 2Y4.41%
Revenue Next 3Y4.95%
Revenue Next 5YN/A
EBIT growth 1Y7.37%
EBIT growth 3Y15.25%
EBIT growth 5Y14.23%
EBIT Next Year8.53%
EBIT Next 3Y6.79%
EBIT Next 5YN/A
FCF growth 1Y-34.82%
FCF growth 3Y13.1%
FCF growth 5Y17.43%
OCF growth 1Y-34.82%
OCF growth 3Y13.1%
OCF growth 5Y17.43%