Overview

* InterRent reports Q3 2025 net income compared to net loss in the same period last year

* Company's normalized FFO per unit rises 1.9% YoY despite transaction costs

* InterRent to be acquired in an all-cash transaction, closing expected in H1 2026

Outlook

* InterRent expects acquisition to close in H1 2026

Result Drivers

* LEASING ACTIVITY - Executed 1,463 new leases in same-property portfolio, a 21.2% increase YoY, driven by competitive rental market

* OPERATING COSTS - 9.0% increase in property operating costs due to higher marketing and leasing activity

* WASTE MANAGEMENT COSTS - 83.5% increase in per-suite waste management costs in Ottawa due to revised fee structure

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$62.77

Proporti mln

onate

Operatin

g

Revenues

Q3 Net C$3.52

Income mln

Q3 C$14.70

Adjusted mln

Cash

Flow

from

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the residential reits peer group is "buy."

* Wall Street's median 12-month price target for InterRent Real Estate Investment Trust is C$13.55, about 1.3% above its November 10 closing price of C$13.38

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)