INTERRENT REAL ESTATE INVEST (IIP-UN.CA) Stock Fundamental Analysis
Canada - TSX:IIP-UN - CA46071W2058 - REIT
13.43 CAD
+0.03 (+0.22%)
IIP-UN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 16 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 has a expensive valuation and it also scores bad on growth.
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
IIP-UN's Return On Assets of -4.41% is on the low side compared to the rest of the industry. IIP-UN is outperformed by 75.00% of its industry peers.
IIP-UN has a Return On Equity of -8.02%. This is in the lower half of the industry: IIP-UN underperforms 75.00% of its industry peers.
IIP-UN has a Return On Invested Capital (2.68%) which 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 2.99%.
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
Looking at the Operating Margin, with a value of 57.14%, IIP-UN is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
IIP-UN's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 77.05%, IIP-UN belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
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.
The number of shares outstanding for IIP-UN has been increased compared to 1 year ago.
Compared to 5 years ago, IIP-UN has more shares outstanding
IIP-UN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.08, we must say that IIP-UN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of IIP-UN (1.08) is better than 75.00% of its industry peers.
The Debt to FCF ratio of IIP-UN is 20.16, which is on the high side as it means it would take IIP-UN, 20.16 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 20.16, IIP-UN is doing worse than 81.25% of the companies in the same industry.
IIP-UN has a Debt/Equity ratio of 0.63. This is a neutral value indicating IIP-UN is somewhat dependend on debt financing.
IIP-UN has a better Debt to Equity ratio (0.63) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 20.16 | ||
| Altman-Z | 1.08 |
ROIC/WACC0.59
WACC4.52%
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: 93.75% of the companies in the same industry are doing better.
A Quick Ratio of 0.05 indicates that IIP-UN may have some problems paying its short term obligations.
IIP-UN has a worse Quick ratio (0.05) than 93.75% 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.
Looking at the last year, IIP-UN shows a small growth in Revenue. The Revenue has grown by 1.56% in the last year.
The Revenue has been growing by 11.13% on average over the past years. This is quite good.
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
IIP-UN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.57% yearly.
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 2Y2.17%
Revenue Next 3Y1.89%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 22.76, 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 (27.86), we can say IIP-UN is valued inline with the index average.
The Price/Forward Earnings ratio is 19.55, which indicates a rather expensive current valuation of IIP-UN.
75.00% of the companies in the same industry are cheaper than IIP-UN, based on the Price/Forward Earnings ratio.
IIP-UN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.76 | ||
| Fwd PE | 19.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IIP-UN is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
81.25% of the companies in the same industry are cheaper than IIP-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.84 | ||
| 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%. Purely for dividend investing, there may be better candidates out there.
IIP-UN's Dividend Yield is slightly below the industry average, which is at 4.32.
IIP-UN's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| 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 been paying a dividend for at least 10 years, so it has 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
The earnings of IIP-UN are negative and hence is the payout ratio. IIP-UN will probably not be able to sustain this dividend level.
The dividend of IIP-UN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-25.33%
EPS Next 2Y3.57%
EPS Next 3YN/A
TSX:IIP-UN (10/3/2025, 7:00:00 PM)
13.43
+0.03 (+0.22%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners48.29%
Inst Owner ChangeN/A
Ins Owners6.23%
Ins Owner ChangeN/A
Market Cap1.88B
Analysts53.85
Price Target13.71 (2.08%)
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%
PT rev (3m)-1.32%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-10.94%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.76 | ||
| Fwd PE | 19.55 | ||
| P/S | 7.57 | ||
| P/FCF | 21.84 | ||
| P/OCF | 21.84 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 24.73 |
EPS(TTM)0.59
EY4.39%
EPS(NY)0.69
Fwd EY5.11%
FCF(TTM)0.61
FCFY4.58%
OCF(TTM)0.61
OCFY4.58%
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
WACC4.52%
ROIC/WACC0.59
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 2Y2.17%
Revenue Next 3Y1.89%
Revenue Next 5YN/A
EBIT growth 1Y-2.5%
EBIT growth 3Y12%
EBIT growth 5Y11.76%
EBIT Next Year5.62%
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%