INTERRENT REAL ESTATE INVEST (IIP-UN.CA) Stock Fundamental Analysis
TSX:IIP-UN - CA46071W2058 - REIT
13.4 CAD
+0.01 (+0.07%)
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. There are concerns on the financial health of IIP-UN while its profitability can be described as average. IIP-UN does not seem to be growing, but still is valued expensively.
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.
1.2 Ratios
Looking at the Return On Assets, with a value of -4.41%, IIP-UN is doing worse than 73.33% of the companies in the same industry.
IIP-UN has a Return On Equity of -8.02%. This is in the lower half of the industry: IIP-UN underperforms 73.33% of its industry peers.
The Return On Invested Capital of IIP-UN (2.68%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for IIP-UN is in line with the industry average of 2.98%.
The 3 year average ROIC (2.32%) for IIP-UN is below the current ROIC(2.68%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.41% | ||
| ROE | -8.02% | ||
| ROIC | 2.68% |
ROA(3y)0.26%
ROA(5y)2.89%
ROE(3y)0.42%
ROE(5y)4.76%
ROIC(3y)2.32%
ROIC(5y)2.18%
1.3 Margins
With a Operating Margin value of 57.14%, IIP-UN perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Operating Margin of IIP-UN has remained more or less at the same level.
IIP-UN has a better Gross Margin (77.05%) than 93.33% of its industry peers.
In the last couple of years the Gross Margin of IIP-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 57.14% | ||
| PM (TTM) | N/A | ||
| GM | 77.05% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IIP-UN is destroying value.
Compared to 1 year ago, IIP-UN has more shares outstanding
IIP-UN has more shares outstanding than it did 5 years ago.
IIP-UN has a worse debt/assets ratio than last year.
2.2 Solvency
IIP-UN has an Altman-Z score of 1.08. This is a bad value and indicates that IIP-UN is not financially healthy and even has some risk of bankruptcy.
IIP-UN has a better Altman-Z score (1.08) than 80.00% of its industry peers.
IIP-UN has a debt to FCF ratio of 20.16. This is a negative value and a sign of low solvency as IIP-UN would need 20.16 years to pay back of all of its debts.
IIP-UN has a worse Debt to FCF ratio (20.16) than 80.00% of its industry peers.
A Debt/Equity ratio of 0.63 indicates that IIP-UN is somewhat dependend on debt financing.
IIP-UN's Debt to Equity ratio of 0.63 is fine compared to the rest of the industry. IIP-UN outperforms 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 20.16 | ||
| Altman-Z | 1.08 |
ROIC/WACC0.58
WACC4.59%
2.3 Liquidity
IIP-UN has a Current Ratio of 0.05. This is a bad value and indicates that IIP-UN is not financially healthy enough and could expect problems in meeting 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.
IIP-UN has a Quick Ratio of 0.05. This is a bad value and indicates that IIP-UN is not financially healthy enough and could expect problems in meeting 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
The earnings per share for IIP-UN have decreased by -2.95% in the last year.
The Revenue has been growing slightly by 1.56% in the past 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)-2.95%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-25.27%
Revenue 1Y (TTM)1.56%
Revenue growth 3Y9.97%
Revenue growth 5Y11.13%
Sales Q2Q%-0.62%
3.2 Future
The Earnings Per Share is expected to grow by 3.57% on average over the next years.
IIP-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.89% yearly.
EPS Next Y-10.08%
EPS Next 2Y3.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.99%
Revenue Next 2Y2.28%
Revenue Next 3Y1.89%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 22.71, IIP-UN is valued on the expensive side.
IIP-UN's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of IIP-UN to the average of the S&P500 Index (27.02), we can say IIP-UN is valued inline with the index average.
A Price/Forward Earnings ratio of 19.51 indicates a rather expensive valuation of IIP-UN.
IIP-UN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. IIP-UN is more expensive than 73.33% of the companies in the same industry.
IIP-UN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.66.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.71 | ||
| Fwd PE | 19.51 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IIP-UN is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, IIP-UN is valued expensively inside the industry as 86.67% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.79 | ||
| EV/EBITDA | 24.73 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.57%
EPS Next 3YN/A
5. Dividend
5.1 Amount
IIP-UN has a Yearly Dividend Yield of 2.66%.
Compared to an average industry Dividend Yield of 4.35, IIP-UN is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.45, IIP-UN has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector 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 paid a dividend for at least 10 years, which is 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
5.3 Sustainability
IIP-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
IIP-UN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP-25.33%
EPS Next 2Y3.57%
EPS Next 3YN/A
TSX:IIP-UN (9/8/2025, 7:00:00 PM)
13.4
+0.01 (+0.07%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners32.83%
Inst Owner ChangeN/A
Ins Owners4.59%
Ins Owner ChangeN/A
Market Cap1.87B
Analysts53.85
Price Target13.71 (2.31%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
Yearly Dividend0.25
Dividend Growth(5Y)6.26%
DP-25.33%
Div Incr Years13
Div Non Decr Years15
Ex-Date
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)-0.66%
PT rev (3m)-0.52%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-10.94%
EPS NY rev (3m)-10.94%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.28%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.71 | ||
| Fwd PE | 19.51 | ||
| P/S | 7.56 | ||
| P/FCF | 21.79 | ||
| P/OCF | 21.79 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 24.73 |
EPS(TTM)0.59
EY4.4%
EPS(NY)0.69
Fwd EY5.13%
FCF(TTM)0.61
FCFY4.59%
OCF(TTM)0.61
OCFY4.59%
SpS1.77
BVpS16.33
TBVpS16.33
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.41% | ||
| ROE | -8.02% | ||
| ROCE | 3.8% | ||
| ROIC | 2.68% | ||
| ROICexc | 2.69% | ||
| ROICexgc | 2.69% | ||
| OM | 57.14% | ||
| PM (TTM) | N/A | ||
| GM | 77.05% | ||
| FCFM | 34.67% |
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%
ROICexcg growth 3Y11.39%
ROICexcg 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 20.16 | ||
| Debt/EBITDA | 10.15 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 60.27% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | 1.08 |
F-Score4
WACC4.59%
ROIC/WACC0.58
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)-2.95%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-25.27%
EPS Next Y-10.08%
EPS Next 2Y3.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.56%
Revenue growth 3Y9.97%
Revenue growth 5Y11.13%
Sales Q2Q%-0.62%
Revenue Next Year1.99%
Revenue Next 2Y2.28%
Revenue Next 3Y1.89%
Revenue Next 5YN/A
EBIT growth 1Y-2.5%
EBIT growth 3Y12%
EBIT growth 5Y11.76%
EBIT Next Year5.35%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-6.84%
FCF growth 3Y-11.09%
FCF growth 5Y-1.45%
OCF growth 1Y-6.84%
OCF growth 3Y-11.09%
OCF growth 5Y-1.45%