INTERRENT REAL ESTATE INVEST (IIP-UN.CA) Stock Fundamental Analysis
TSX:IIP-UN - Toronto Stock Exchange - CA46071W2058 - REIT - Currency: CAD
Overall IIP-UN gets a fundamental rating of 3 out of 10. We evaluated IIP-UN against 16 industry peers in the Residential REITs industry. While IIP-UN is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, IIP-UN is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
IIP-UN had positive earnings in the past year.
IIP-UN had a positive operating cash flow in the past year.
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
The Return On Assets of IIP-UN (-4.10%) is worse than 75.00% of its industry peers.
With a Return On Equity value of -7.37%, IIP-UN is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
With a Return On Invested Capital value of 2.75%, IIP-UN is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for IIP-UN is in line with the industry average of 3.31%.
The last Return On Invested Capital (2.75%) for IIP-UN is above the 3 year average (2.32%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.1% | ||
| ROE | -7.37% | ||
| ROIC | 2.75% |
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
The Operating Margin of IIP-UN (59.72%) is better than 68.75% of its industry peers.
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 Gross Margin of 77.18%. This is amongst the best in the industry. IIP-UN outperforms 93.75% 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 | 59.72% | ||
| PM (TTM) | N/A | ||
| GM | 77.18% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IIP-UN is destroying value.
The number of shares outstanding for IIP-UN has been increased compared to 1 year ago.
IIP-UN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, IIP-UN has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.11, we must say that IIP-UN is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.11, IIP-UN is doing good in the industry, outperforming 75.00% of the companies in the same industry.
The Debt to FCF ratio of IIP-UN is 23.79, which is on the high side as it means it would take IIP-UN, 23.79 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 23.79, IIP-UN is doing worse than 81.25% of the companies in the same industry.
A Debt/Equity ratio of 0.62 indicates that IIP-UN is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.62, IIP-UN is doing good in the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 23.79 | ||
| Altman-Z | 1.11 |
ROIC/WACC0.63
WACC4.4%
2.3 Liquidity
A Current Ratio of 0.07 indicates that IIP-UN may have some problems paying its short term obligations.
IIP-UN has a worse Current ratio (0.07) than 93.75% of its industry peers.
A Quick Ratio of 0.07 indicates that IIP-UN may have some problems paying its short term obligations.
The Quick ratio of IIP-UN (0.07) is worse than 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.81% over the past year.
The Revenue has been growing slightly by 2.52% in the past year.
The Revenue has been growing by 11.13% on average over the past years. This is quite good.
EPS 1Y (TTM)9.81%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-7.53%
Revenue 1Y (TTM)2.52%
Revenue growth 3Y9.97%
Revenue growth 5Y11.13%
Sales Q2Q%-2.95%
3.2 Future
The Earnings Per Share is expected to grow by 2.81% on average over the next years.
Based on estimates for the next years, IIP-UN will show a small growth in Revenue. The Revenue will grow by 2.37% on average per year.
EPS Next Y0.96%
EPS Next 2Y2.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.16%
Revenue Next 2Y2.37%
Revenue Next 3YN/A
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
A Price/Earnings ratio of 21.59 indicates a rather expensive valuation of IIP-UN.
62.50% of the companies in the same industry are more expensive than IIP-UN, based on the Price/Earnings ratio.
IIP-UN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.31.
With a Price/Forward Earnings ratio of 20.10, IIP-UN is valued on the expensive side.
Based on the Price/Forward Earnings ratio, IIP-UN is valued a bit more expensive than the industry average as 68.75% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.06, IIP-UN is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.59 | ||
| Fwd PE | 20.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IIP-UN is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IIP-UN indicates a slightly more expensive valuation: IIP-UN is more expensive than 75.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.48 | ||
| EV/EBITDA | 24.1 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)22.48
PEG (5Y)N/A
EPS Next 2Y2.81%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.66%, IIP-UN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.57, IIP-UN's dividend is way lower than its industry peers. On top of this 87.50% of the companies listed in the same industry pay a better dividend than IIP-UN!
Compared to an average S&P500 Dividend Yield of 2.38, IIP-UN has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
5.2 History
On average, the dividend of IIP-UN grows each year by 6.26%, which is quite nice.
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
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.
IIP-UN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP-24.04%
EPS Next 2Y2.81%
EPS Next 3YN/A
TSX:IIP-UN (6/5/2025, 7:00:00 PM)
13.6
-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 Owners31.9%
Inst Owner ChangeN/A
Ins Owners4.31%
Ins Owner ChangeN/A
Market Cap1.91B
Analysts80
Price Target12.82 (-5.74%)
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-24.04%
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)-0.18%
PT rev (3m)-4.49%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.59 | ||
| Fwd PE | 20.1 | ||
| P/S | 7.74 | ||
| P/FCF | 26.48 | ||
| P/OCF | 26.48 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 24.1 |
EPS(TTM)0.63
EY4.63%
EPS(NY)0.68
Fwd EY4.98%
FCF(TTM)0.51
FCFY3.78%
OCF(TTM)0.51
OCFY3.78%
SpS1.76
BVpS16.62
TBVpS16.62
PEG (NY)22.48
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.1% | ||
| ROE | -7.37% | ||
| ROCE | 3.87% | ||
| ROIC | 2.75% | ||
| ROICexc | 2.76% | ||
| ROICexgc | 2.76% | ||
| OM | 59.72% | ||
| PM (TTM) | N/A | ||
| GM | 77.18% | ||
| FCFM | 29.25% |
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-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 23.79 | ||
| Debt/EBITDA | 9.81 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1135.75 | ||
| Cash Conversion | 48.71% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 1.11 |
F-Score5
WACC4.4%
ROIC/WACC0.63
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)9.81%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-7.53%
EPS Next Y0.96%
EPS Next 2Y2.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.52%
Revenue growth 3Y9.97%
Revenue growth 5Y11.13%
Sales Q2Q%-2.95%
Revenue Next Year2.16%
Revenue Next 2Y2.37%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y3.5%
EBIT growth 3Y12%
EBIT growth 5Y11.76%
EBIT Next Year5.35%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-16.38%
FCF growth 3Y-11.09%
FCF growth 5Y-1.45%
OCF growth 1Y-16.38%
OCF growth 3Y-11.09%
OCF growth 5Y-1.45%