08:26 AM EDT, 08/11/2025 (MT Newswires) -- InterRent REIT (IIP-UN.TO) was downgraded to Sell from Hold at Desjardins.

Analyst Kyle Stanley maintained a price target of $13.55 on shares of the Ottawa-based residential real estate company.

Unitholders are scheduled to vote on a proposed privatization on August 25.

"For non-tax-exempt investors, assuming the vote on August 25 passes, we recommend selling ahead of the deal closing to avoid higher taxation," Stanley said in a note to clients.

"As per the transaction circular, ~21-24% of the $13.55 offer price will be classified as ordinary income and taxed at the unitholder's marginal tax rate," the analyst said.

"However, should taxation not be an issue, we expect the unit price to converge on the deal price ahead of closing (late 2025/early 2026)."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)