08:21 AM EDT, 05/21/2024 (MT Newswires) -- InterRent Real Estate Investment Trust (IIP-UN.TO) said on Tuesday that it has secured approval from the Toronto Stock Exchange for a normal course issuer bid that will begin on May 23 and run to May 22, 2025.

The bid allows InterRent to buy nearly 13.7 million trust units, or about 10% of the REIT's public float.

For the previous bid effective May 22, 2023, the REIT sought and received approval to buy nearly 13.6 million units of which 157,200 were repurchased.