On Monday night InterRent REIT (TSX: IIP-U) announced its fourth quarter results and they were impressive. The company’s operating revenue for Q4, increased by 15% and the net operating Income (NOI) increased by 16.2%. The larger than expected NOI growth came from better revenue and operating expenses. This is bringing IIP-U 2018 organic growth to 14.7%. This does not compare to any other multi-residential REIT, they are in league of their own.
By Charles Marleau, CIM & Joany Pagé, CFA
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