INTERRENT REAL ESTATE INVEST (IIP-UN.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:IIP-UN • CA46071W2058

13.35 CAD
+0.04 (+0.3%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

3

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.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year IIP-UN was profitable.
  • In the past year IIP-UN had a positive cash flow from operations.
  • IIP-UN had positive earnings in 4 of the past 5 years.
  • In the past 5 years IIP-UN always reported a positive cash flow from operatings.
IIP-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFIIP-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M

1.2 Ratios

  • IIP-UN's Return On Assets of -2.53% is on the low side compared to the rest of the industry. IIP-UN is outperformed by 73.33% of its industry peers.
  • Looking at the Return On Equity, with a value of -4.63%, IIP-UN is doing worse than 73.33% of the companies in the same industry.
  • IIP-UN has a Return On Invested Capital of 2.51%. This is comparable to the rest of the industry: IIP-UN outperforms 53.33% 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 2.87%.
  • The last Return On Invested Capital (2.51%) for IIP-UN is above the 3 year average (2.32%), which is a sign of increasing profitability.
Industry RankSector 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%
IIP-UN.CA Yearly ROA, ROE, ROICIIP-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

1.3 Margins

  • IIP-UN has a better Operating Margin (53.61%) than 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.
  • The Gross Margin of IIP-UN (76.82%) is better than 93.33% of its industry peers.
  • IIP-UN's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
IIP-UN.CA Yearly Profit, Operating, Gross MarginsIIP-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 200

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

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.
  • The number of shares outstanding for IIP-UN has been increased compared to 1 year ago.
  • IIP-UN has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, IIP-UN has a worse debt to assets ratio.
IIP-UN.CA Yearly Shares OutstandingIIP-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M
IIP-UN.CA Yearly Total Debt VS Total AssetsIIP-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of 1.06, we must say that IIP-UN is in the distress zone and has some risk of bankruptcy.
  • IIP-UN has a better Altman-Z score (1.06) than 73.33% of its industry peers.
  • The Debt to FCF ratio of IIP-UN is 18.48, which is on the high side as it means it would take IIP-UN, 18.48 years of fcf income to pay off 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.
  • With a decent Debt to Equity ratio value of 0.65, IIP-UN is doing good in the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.65
Debt/FCF 18.48
Altman-Z 1.06
ROIC/WACC0.57
WACC4.42%
IIP-UN.CA Yearly LT Debt VS Equity VS FCFIIP-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 0.05 indicates that IIP-UN may have some problems paying its short term obligations.
  • With a Current ratio value of 0.05, IIP-UN is not doing good in the industry: 93.33% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.05 indicates that IIP-UN may have some problems paying its short term obligations.
  • IIP-UN has a Quick ratio of 0.05. This is amonst the worse of the industry: IIP-UN underperforms 93.33% of its industry peers.
Industry RankSector Rank
Current Ratio 0.05
Quick Ratio 0.05
IIP-UN.CA Yearly Current Assets VS Current LiabilitesIIP-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

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.
  • IIP-UN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.13% yearly.
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

  • The Earnings Per Share is expected to grow by 3.57% on average over the next years.
  • 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

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
IIP-UN.CA Yearly Revenue VS EstimatesIIP-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
IIP-UN.CA Yearly EPS VS EstimatesIIP-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.5 1 1.5 2

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 22.63 indicates a rather expensive valuation of IIP-UN.
  • 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 is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 19.44, which indicates a rather expensive current valuation of IIP-UN.
  • IIP-UN's Price/Forward Earnings is on the same level as the industry average.
  • IIP-UN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.20.
Industry RankSector Rank
PE 22.63
Fwd PE 19.44
IIP-UN.CA Price Earnings VS Forward Price EarningsIIP-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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.
  • IIP-UN's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. IIP-UN is more expensive than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.86
EV/EBITDA 26.03
IIP-UN.CA Per share dataIIP-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.57%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • IIP-UN has a Yearly Dividend Yield of 2.66%.
  • 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!
  • IIP-UN's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.66%

5.2 History

  • The dividend of IIP-UN is nicely growing with an annual growth rate of 6.26%!
  • 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)6.26%
Div Incr Years13
Div Non Decr Years15
IIP-UN.CA Yearly Dividends per shareIIP-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3

5.3 Sustainability

  • IIP-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • The dividend of IIP-UN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-48.46%
EPS Next 2Y3.57%
EPS Next 3YN/A
IIP-UN.CA Yearly Income VS Free CF VS DividendIIP-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M

More info and screens

Find the best dividend stocksShow peers with best dividend

INTERRENT REAL ESTATE INVEST

TSX:IIP-UN (2/5/2026, 7:00:00 PM)

13.35

+0.04 (+0.3%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)11-10
Earnings (Next)02-23
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 RankSector 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
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 RankSector 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 RankSector 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 RankSector 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.